New Zealand Balance of Trade 1951-2015 | Data | Chart | Calendar

New Zealand recorded a trade deficit of 159 NZD Million in December of 2014. Balance of Trade in New Zealand averaged -41.43 NZD Million from 1951 until 2014, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1371 NZD Million in September of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

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New Zealand Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-159.00 -213.42 1157.64 -1371.00 1951 - 2014 NZD Million Monthly
New Zealand is greatly dependent on international trade. New Zealand's economy has traditionally been based on a foundation of exports from its very efficient agricultural system: meat, dairy products, forest products, fruit and vegetables, fish, and wool. New Zealand imports mainly machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles and plastics. Its main trading partners are: Australia, European Union, The United States, China and Japan. This page provides - New Zealand Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - New Zealand Balance of Trade - was last refreshed on Sunday, February 1, 2015.


New Zealand Posts First December Trade Deficit since 2010


New Zealand recorded a NZD 159 million trade gap in December of 2014, following a NZD 492.25 million surplus a year earlier, as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports.

Year-on-year, exports fell 6.6 percent to NZD 4420 million compared with December 2013, pulled lower by declining values for milk products, the nation’s largest export. The value of whole milk powder exports slumped 35 percent even as the volume increased 9.8 percent as higher production and weak demand pushed down global prices. 

Meanwhile, the value of imports rose 7.6 percent to NZD 4580 million, led by a 44 percent increase in capital goods, boosted by aircraft and mobiles phones.

On a seasonally-adjusted basis there was a deficit of NZD 477 million for the December month.

In the year ended December 2014, the annual trade deficit widened to NZD 1.15 billion in 2014, from a NZD 0.317 billion shortfall in 2013. Goods sales were up by NZD 2.1 billion (4.3 percent) to NZD 50.09 billion led by milk powder (up 8.6 percent), while imports increased NZD 2.9 billion (6 percent) to a record NZD 51.24 billion, led by aircraft and parts. 

China was New Zealand’s largest trading partner in 2014, reflecting its position as the biggest export destination and largest source of imports. Total exports to China rose NZD 26 million and finished just NZD 9 million short of NZD 10 billion.

Statistics New Zealand | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/28/2015 10:42:06 PM


Recent Releases

New Zealand Posts Trade Deficit in November
New Zealand recorded a NZD 213 million trade gap in November of 2014, following a NZD 153 billion surplus a year earlier, due to lower exports to China. Yet, it is the smallest November deficit since 2010. Published on 2014-12-22

New Zealand Trade Deficit Widens in October
New Zealand's trade gap increased to NZD 908 million in October of 2014 from a NZD 169 million shortfall a year earlier. It is the largest October deficit since 2008, as exports to China fell sharply and imports of capital goods increased. Published on 2014-11-27


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-26 09:45 PM
Balance of Trade  Oct
NZD -908M NZD -1350M NZD -373.4M
2014-12-22 09:45 PM
Balance of Trade  Nov
NZD -213M NZD -911M (R) NZD -500M
2015-01-28 09:45 PM
Balance of Trade  Dec
NZD-159M NZD -213M NZD -26.5M NZD -578.6M
2015-02-25 09:45 PM
Balance of Trade  Jan
NZD-159M NZD -667.7M
2015-03-24 09:45 PM
Balance of Trade  Feb
NZD -451.1M
2015-04-28 11:45 PM
Balance of Trade  Mar
NZD -428.2M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -159.00 -213.42 1157.64 -1371.00 NZD Million [+]
Exports 4420.00 4021.46 5033.00 19.68 NZD Million [+]
Imports 4580.00 4234.88 4975.00 37.85 NZD Million [+]
Current Account -5010.00 -1060.00 364.00 -5010.00 NZD Million [+]
Current Account to GDP -3.40 -4.10 -0.90 -8.90 percent [+]
External Debt 244529.00 237764.00 250628.00 67673.00 NZD Million [+]
Terms of Trade 1352.00 1415.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 2437.00 2414.00 2654.00 676.00 NZD Million [+]
Tourist Arrivals 547770.00 463000.00 547770.00 2751.00 [+]
Crude Oil Production 43.00 40.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico 254.00 Dec/14 -1076.36 1710.25 -3292.30 USD Million [+]
Netherlands 5110.00 Nov/14 4849.00 5110.00 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8505.55 Dec/14 -8306.48 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]