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

New Zealand trade gap decreased to 649 NZD Million in July of 2015, down from a 943 NZD Million deficit a year earlier. While exports expanded by 14 percent, imports rose at a slower 4.8 percent. Balance of Trade in New Zealand averaged -40.33 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.

New Zealand Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-649.00 -60.00 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. 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. Content for - New Zealand Balance of Trade - was last refreshed on Friday, September 4, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-25 11:45 PM May N$350M N$183M(R) NZD -100M -262.9M
2015-07-23 11:45 PM Jun N$-60M N$371M(R) NZD 100M 91.6M
2015-08-25 11:45 PM Jul N$-649M N$-194M N$-750M N$-394.9M
2015-09-23 11:45 PM Aug N$-649M -610.8M
2015-10-23 10:45 PM Sep -666M
2015-11-26 09:45 PM Oct -514M


New Zealand Trade Deficit Narrows in July


New Zealand trade gap shrank to NZD 649 million in July of 2015, down from a NZD 943 million deficit a year earlier. While exports expanded by 14 percent, imports rose at a slower 4.8 percent.

Year-on-year, total goods exports increased by NZD 514 million to NZD 4.2 billion, as fruit sales went up by 51 percent (+ NZD 105 million) to NZD 311 million. Also, meat exports rose NZD 99 million (+24 percent). The rise was led by beef, up NZD 70 million (+40 percent). Milk powder, butter, and cheese exports showed little change, up NZD 0.9 million (+0.1 percent) to NZD 932 million. As, increases in cheese, dairy spreads, and milk protein concentrates were enough to offset the fall in milk powder exports (down NZD 76 million).

Imports rose by NZD 221 million to NZD 4.8 billion compared to July 2014. Consumption goods rose NZD 176 million and capital goods rose NZD 161 million. In contrast, intermediate goods fell NZD 96 million, led by crude oil.

For the year ended July 2015, the annual goods trade deficit was NZD 2.7 billion. 

Statistics New Zealand | joana.ferreira@tradingeconomics.com
8/26/2015 12:05:50 AM


Recent Releases

New Zealand Posts Trade Deficit in June
New Zealand trade balance swung into a NZD 60 million deficit in June of 2015 from a 240 NZD million surplus a year earlier. It is the first deficit for a June month since 2009, due to a surge in imports from China.
Published on 2015-07-24

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.
Published on 2015-06-26

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 Trade Last Previous Highest Lowest Unit
Balance of Trade -649.00 -60.00 1157.64 -1359.00 NZD Million [+]
Exports 4198.74 4231.00 5033.00 19.68 NZD Million [+]
Imports 4847.37 4290.00 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 1353.00 1335.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 1092.00 3844.00 3844.00 -7322.00 NZD Million [+]
Tourist Arrivals 207984.00 176961.00 402518.00 40.00 [+]
Crude Oil Production 34.00 36.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2460.00 Jul/15 -3050.00 2229.00 -3912.00 AUD Million [+]
Brazil 2689.00 Aug/15 2379.00 5659.37 -4058.14 USD Million [+]
Canada -593.00 Jul/15 -811.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24038.00 Jun/15 19522.00 24038.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 11228.00 Jul/15 13775.00 20356.00 -185.00 USD Million [+]
South Korea 4350.00 Aug/15 7723.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -7027.59 Jul/15 -6205.89 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -41860.00 Jul/15 -45210.00 1946.00 -67823.00 USD Million [+]