New Zealand Balance of Trade  1951-2016 | Data | Chart | Calendar

New Zealand trade balance recorded a NZD 358 million trade surplus in May of 2016, slightly lower than a NZD 367 million surplus a year earlier but higher than market expectations of NZD 164 million. Imports were up 5.7 percent year-on-year, the most in four months, boosted by consumption goods while exports increased at a slightly slower 5.1 percent. Balance of Trade in New Zealand averaged -44.86 NZD Million from 1951 until 2016, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1358.96 NZD Million in September of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

New Zealand Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
358.00 292.00 1157.64 -1358.96 1951 - 2016 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: dairy products, meat, forest products, fruit and beverages. New Zealand imports mainly vehicles, machinery and equipment, petroleum, electronics, plastics and aircraft. Its main trading partners are: China, Australia, the US, Japan and South Korea. This page provides the latest reported value for - New Zealand Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-26 10:45 PM Mar N$ 117M N$ 367M N$476M N$405M
2016-05-24 10:45 PM Apr N$292M N$189M N$ 60M N$-18.74M
2016-06-26 10:45 PM May N$358M N$326M N$164M N$51.6M
2016-07-25 10:45 PM Jun N$358M -219M
2016-08-23 10:45 PM Jul -308.9M
2016-09-25 10:45 PM Aug -478.7M

New Zealand Trade Surplus Narrows Slightly in May


New Zealand trade balance recorded a NZD 358 million trade surplus in May of 2016, slightly lower than a NZD 367 million surplus a year earlier but higher than market expectations of NZD 164 million. Imports were up 5.7 percent year-on-year, the most in four months, boosted by consumption goods while exports increased at a slightly slower 5.1 percent.

Imports increased 5.7 percent to NZD 4216 million. Purchases of consumption goods rose 16 percent, due to non-durable goods (such as tobacco, retail medicines, soaps, and oils), up 30 percent; durable goods (such as furniture, mechanical machinery and equipment, and jewellery) rose 19 percent and semi-durable goods (such as clothing, footwear, optical and medical equipmen) were up 9.3 percent. In addition, imports of intermediate goods increased 1.3 percent and those of capital goods went up 17 percent.

Among import partners, purchases from China increased 3.8 percent, led by rises in electrical machinery and equipment (such as telephones and cellphones), and furniture. Imports from the European Union recorded the highest gain (35 percent), due to aircraft, turbojets and turbo-propellers (including aircraft parts), and tobacco.  Imports from Japan grew 17 percent, led by rises in mechanical machinery and equipment, automotive diesel, iron and steel articles, and optical, medical, and measuring equipment. In contrast, purchases from Australia declined 2.0 percent, led by falls in wheat, motor spirit, aluminium oxide, and motor vehicles and those from the United States shrank 8.1 percent, due to falls in aircraft, maize, and petroleum coke.
 
Exports increased 5.1 percent year-on-year to NZD 4574 million. Logs, wood, and wood articles had the largest rise, up 42 percent. Untreated logs increased 70 percent and sawn or chipped wood were up 16 percent. Fruit exports went up 21 percent: kiwifruit led the rise, up 29 percent, with quantity up 14 percent. In contrast, sales of milk powder, butter, and cheese (the largest export commodity group) fell 9.9 percent.
 
Among export partners, sales to China rose 27 percent, led by logs, wood, and wood articles; milk powder, butter and cheese; kiwifruit; meat and edible offal; and fish, crustaceans, and molluscs. Exports to Australia grew 2.7 percent, boosted by food preparations for infant use and miscellaneous edible preparations. Shipments to the European Union rose 5.2 percent, led by kiwifruit and fish, crustaceans, and molluscs. In contrast, exports to the United States were down 2.9 percent, led by falls in whey and natural milk constituents and beef and those to Japan were little changed. 

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
6/27/2016 12:19:44 AM

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 358.00 292.00 1157.64 -1358.96 NZD Million [+]
Exports 4574.00 4305.00 5032.54 19.68 NZD Million [+]
Imports 4216.00 3979.00 4975.09 37.85 NZD Million [+]
Current Account 1306.00 -2614.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.10 -3.30 -0.90 -8.90 percent [+]
External Debt 255189.00 247274.00 255274.00 67673.00 NZD Million [+]
Terms of Trade 1333.00 1277.00 1438.00 796.00 Index Points [+]
Capital Flows 1504.00 2446.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 1530.00 -1760.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 193643.00 256685.00 444883.00 40.00 [+]
Crude Oil Production 45.00 43.00 72.00 15.00 BBL/D/1K [+]
Terrorism Index 1.19 0.00 1.19 0.00 [+]
Weapons Sales 7.00 75.00 75.00 1.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -30114.00 Apr/16
Algeria -1270.00 Sep/15
Angola 3002.24 Dec/15
Argentina 439.00 May/16
Armenia -108.90 May/16
Aruba -520.80 Dec/15
Australia -1579.00 Apr/16
Austria 142.00 Mar/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -57.02 Mar/16
Barbados -254822.00 Dec/15
Belarus -258.80 Apr/16
Belgium 1249.00 Apr/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana -20.60 Mar/16
Brazil 6437.00 May/16
Brunei 195.90 Apr/16
Bulgaria -156.80 Apr/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -2936.70 Apr/16
Cape Verde -4178.80 Mar/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 744.79 May/16
China 499.80 May/16
Colombia -1.29 Apr/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -365.50 May/16
Croatia -4530.70 Apr/16
Cuba -9578.00 Dec/15
Cyprus -253738.00 Apr/16
Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 53993.00 Apr/16
Egypt -2717.00 Apr/16
El Salvador -359.50 Apr/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -170.74 Apr/16
Ethiopia -3557.70 Dec/15
Euro Area 27481.90 Apr/16
European Union 5566.30 Apr/16
Fiji -262673.00 Dec/15
Finland -225.00 Apr/16
France -5219.00 Apr/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -436.32 May/16
Germany 25607.00 Apr/16
Ghana -773.70 Mar/16
Greece -2057.60 Apr/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -26228.00 May/16
Hungary 299000.00 Apr/16
Iceland -15000.00 May/16
India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4817945.50 Apr/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 9060.00 Apr/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
Mauritius -6081.00 Apr/16
Mexico -527.00 May/16
Moldova -194.30 Apr/16
Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
Montenegro -183453.00 May/16
Morocco -15231.00 Apr/16
Mozambique -1754.40 Dec/15
Myanmar -914.60 Nov/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 358.00 May/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
Puerto Rico 2415.30 Mar/16
Qatar 4782.00 Apr/16
Republic of the Congo 4092.35 Dec/10
Romania -836.20 Apr/16
Russia 6750.00 Apr/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -310.90 Apr/16
Seychelles -32.60 Apr/16
Sierra Leone -33.70 Dec/15
Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
Somalia -1473.48 Dec/15
South Africa 430.54 Apr/16
South Korea 7100.00 May/16
South Sudan -3492.00 Dec/14
Spain -637300.00 Apr/16
Sri Lanka -551.70 Feb/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 4400.00 Apr/16
Switzerland 3785.97 May/16
Syria 9394.50 Dec/10
Taiwan 3500.00 May/16
Tajikistan -169.20 Mar/16
Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -4207.02 Apr/16
Turkmenistan 2431.94 Dec/14
Uganda -126.70 Apr/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3294.00 Apr/16
United States -37436.00 Apr/16
Uruguay -322496.00 Apr/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 May/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14