Detailed examination found 49kg of methamphetamine concealed within a shipment of safety lights.
It consisted of 40 separate packages of around 1-1.2kg each, which have yet to be further forensically examined to determine the exact weight of the product.
Police say the drugs had a potential street value of $50m, and the seizure has prevented $60.71m of "additional community harm".
Search warrants were executed at a number of addresses in Christchurch and in Auckland after a two-week joint police and Customs operation.