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

New Zealand recorded a trade surplus of 350 NZD Million in May of 2015. Balance of Trade in New Zealand averaged -39.42 NZD Million from 1951 until 2015, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1359 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
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Actual Previous Highest Lowest Dates Unit Frequency
350.00 183.00 1157.64 -1359.00 1951 - 2015 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. Content for - New Zealand Balance of Trade - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-28 11:45 PM Mar NZD 631M NZD 83M (R) NZD 341M NZD 78.9M
2015-05-25 11:45 PM Apr NZD 123M NZD 754M (R) NZD 100M NZD -532.4M
2015-06-25 11:45 PM May NZD 350M NZD 183M (R) NZD -100M NZD -262.9M
2015-07-23 11:45 PM Jun NZD 350M NZD 91.6M
2015-08-25 11:45 PM Jul NZD -179.4M
2015-09-23 11:45 PM Aug NZD -320.8M


New Zealand Trade Surplus Widens in May


New Zealand trade surplus increased to NZD 350 million in May of 2015, up from a NZD 265 million surplus a year earlier. While exports fell 4.7 percent, imports decreased at a faster 7 percent.

Year-on-year, total goods exports fell NZD 214 million to NZD 4.4 billion. The fall in milk powder, butter, and cheese exports (-28 percent) was led by whole milk powder, down 37 percent, with quantities down 6.9 percent. Whole milk powder export values to China have been low this year compared with last year, but values to other countries have remained fairly stable. Fruit exports rose NZD 107 million to NZD 445 million, the highest monthly value ever. Kiwifruit rose NZD 76 million, and apples rose NZD 33 million.

Imports declined NZD 300 million to NZD 4.0 billion compared to May 2014. Intermediate goods fell NZD 259 million, led by crude oil, and capital goods fell NZD 80 million. Consumption goods rose NZD 4.8 million.

For the year ended May 2015, the annual goods trade deficit was NZD 2.6 billion. 

Statistics New Zealand | joana.ferreira@tradingeconomics.com
6/26/2015 12:07:04 AM


Recent Releases

New Zealand Trade Surplus Narrows in April
The trade surplus was NZD 123 million in April of 2015, down from a NZD 467 million surplus a year earlier due to a fall in exports. The value of whole milk powder sent to China in April 2015 was a fifth of the April 2014 value while volumes fell a third.
Published on 2015-05-25

New Zealand Trade Surplus Narrows in March
New Zealand trade surplus shrank to NZD 631 million in March of 2015 from a NZD 904 million surplus a year earlier, due to a sharp fall in exports to China. Yet, it is the third consecutive monthly surplus and the highest in a year.
Published on 2015-04-29

New Zealand Reports NZD50 Million Trade Surplus in February
New Zealand posted a small trade surplus of $50 million in February, down from the surplus of $797 million in the same month previous year as exports fell 13 percent and imports rose 3.7 percent.
Published on 2015-03-24

New Zealand Posts First Trade Surplus in 7 months
New Zealand trade surplus narrowed to NZD 56 million in January of 2015 from NZD 285 million in the same period of 2014, mainly due lower milk powder prices. It is the lowest trade surplus value since May of 2013.
Published on 2015-02-25


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 350.00 183.00 1157.64 -1359.00 NZD Million [+]
Exports 4360.00 4130.00 5033.00 19.68 NZD Million [+]
Imports 4010.00 3950.00 4975.00 37.85 NZD Million [+]
Current Account 662.00 -3170.00 1468.00 -6102.00 NZD Million [+]
Current Account to GDP -3.30 -3.40 -0.90 -8.90 percent [+]
External Debt 247182.00 243036.00 250628.00 67673.00 NZD Million [+]
Terms of Trade 1338.00 1319.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 1092.00 3844.00 3844.00 -7322.00 NZD Million [+]
Tourist Arrivals 176697.00 237966.00 402518.00 40.00 Persons [+]
Crude Oil Production 33.00 36.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]