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

New Zealand recorded a trade surplus of 50 NZD Million in February of 2015. Balance of Trade in New Zealand averaged -41.26 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 -1371 NZD Million in September of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

     Forecast  
New Zealand Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
50.00 33.00 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 - 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, April 26, 2015.


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.

Total goods exports fell $608 million (13 percent) to $3.9 billion in February 2015 compared with February 2014.

Milk powder, butter, and cheese exports led the fall, down 41 percent ($647 million) from February 2014, due to lower prices and a 10 percent fall in quantities exported. Over three-quarters of the drop in value was due to falling exports to China.

Annual dairy export values are still coming down from the highest annual level, which was in mid-2014, but quantities exported have remained fairly stable. Annual values are now 16 percent lower than for the year ended August 2014 and are at similar levels to late 2013.

Meat values rose $78 million (12 percent) compared with February 2014. Frozen beef to the United States continues to push meat export values to new highs.

Imports rose $139 million (3.7 percent), to $3.9 billion. Consumption goods (such as clothing) led the rise, up 14 percent. Machinery and plant equipment in the capital goods category rose 13 percent, led by mobile phones (personal and business use).

Anna Fedec | anna@tradingeconomics.com
3/24/2015 9:58:23 PM


Recent Releases

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 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. Published on 2015-01-28


Calendar GMT Event Actual Previous Consensus Forecast (i)
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 56M NZD-195M(R) NZD -183M NZD -667.7M
2015-03-24 09:45 PM
Balance of Trade  Feb
NZD 50M NZD 33M (R) NZD 392M NZD 190M
2015-04-28 11:45 PM
Balance of Trade  Mar
NZD 50 M NZD 341M NZD 78.9M
2015-05-25 11:45 PM
Balance of Trade  Apr
NZD -532.4M
2015-06-25 11:45 PM
Balance of Trade  May
NZD -438.2M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 50.00 33.00 1157.64 -1359.00 NZD Million [+]
Exports 3923.00 3677.00 5033.00 19.68 NZD Million [+]
Imports 3873.00 3644.00 4975.00 37.85 NZD Million [+]
Current Account -2621.00 -5010.00 364.00 -5010.00 NZD Million [+]
Current Account to GDP -3.30 -3.40 -0.90 -8.90 percent [+]
External Debt 243036.00 243036.00 250628.00 67673.00 NZD Million [+]
Terms of Trade 1325.00 1351.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 3844.00 -579.00 3844.00 -7322.00 NZD Million [+]
Tourist Arrivals 464311.00 498457.00 561684.00 2751.00 [+]
Crude Oil Production 45.00 41.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19515.32 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]