New Zealand Balance of Trade  1951-2017 | Data | Chart | Calendar

New Zealand posted a trade surplus of NZD 332 million in March of 2017 compared to a NZD 188.9 million surplus in the same month of the previous year. It was the first trade surplus for any month since June of 2016, but was below expectations of a NZD 370 million surplus. Exports advanced to NZD 4.646 billion (or 10.6 percent year-on-year from -5.4 percent in February) while imports climbed to NZD 4.315 billion (or 7.6 percent from +4.8 percent). The annual trade deficit for the year ended March 2017 was NZD 3.7 billion, compared with a NZD 3.8 billion shortfall in the year ended February 2017. Balance of Trade in New Zealand averaged -48.47 NZD Million from 1951 until 2017, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1387.99 NZD Million in September of 2016.

New Zealand Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-27 09:45 PM Jan N$-285M N$-36M N$-3M N$15M
2017-03-23 09:45 PM Feb N$-18M N$-257M N$160M N$228M
2017-04-27 10:45 PM Mar N$332 N$-50M N$370M N$205M
2017-05-23 10:45 PM Apr N$332M N$267M N$374M
2017-06-26 10:45 PM May
2017-07-25 10:45 PM Jun




New Zealand Books First Trade Surplus In 9 Months


New Zealand posted a trade surplus of NZD 332 million in March of 2017 compared to a NZD 188.9 million surplus in the same month of the previous year. It was the first trade surplus for any month since June of 2016, but was below expectations of a NZD 370 million surplus. Exports advanced to NZD 4.646 billion (or 10.6 percent year-on-year from -5.5 percent in February) while imports climbed to NZD 4.315 billion (or 7.6 percent from +4.0 percent). The annual trade deficit for the year ended March 2017 was NZD 3.7 billion, compared with a NZD 3.8 billion shortfall in the year ended February 2017.

The 10.6 percent rise in exports was mainly triggered by a 29.0 percent surge in exports of milk powder, butter & cheese. Ships, boats & floating structures recovered by 266.2 percent in March after plunging 98.8 percent in the previous month. Logs, wood & wood articles rebounded 10.1 percent following a 1.7 percent decline in February. Exports to China surged by 43.5 percent after increasing by 6.3 percent in February. Shipments to Japan rebounded 18.8 percent after a 5.7 percent fall. Exports to Korea jumped 6.2 percent, while shipments fell to the United States (by 7.5 percent) and to Australia (by 2.4 percent).

Meanwhile, imports climbed by 7.6 percent to NZD 4.315 billion, led mainly by a 28.1 percent increase in vehicles, parts & accessories (from +20.3 percent in February), and a 16.4 percent rise in mechanical machinery & equipment. Contrastingly, petroleum & products declined by 6.2 percent after surging 52.6 percent in the preceding month. Imports increased from Japan (28.8 percent from +6.3 percent), China (13.7 percent from -10.2 percent), the United States (11.1 percent from +2.5 percent), and Australia (3.9 percent from +9.2 percent).

Mario | mario@tradingeconomics.com
4/27/2017 11:46:19 PM



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 332.00 -50.00 1157.64 -1387.99 NZD Million [+]
Exports 4646.00 4007.00 5032.54 19.68 NZD Million [+]
Imports 4315.00 4057.00 4975.09 37.85 NZD Million [+]
Current Account -2335.00 -5029.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -2.70 -3.40 -0.90 -8.90 percent [+]
External Debt 261128.00 260715.00 261128.00 67673.00 NZD Million [+]
Terms of Trade 1362.00 1289.00 1438.00 796.00 Index Points [+]
Capital Flows -2568.00 5247.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 680.00 334.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 311866.00 343799.00 494193.00 40.00 [+]
Crude Oil Production 33.00 31.00 72.00 15.00 BBL/D/1K [+]
Weapons Sales 6.00 1.00 75.00 1.00 USD Million [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



New Zealand Balance of Trade Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
332.00 -50.00 1157.64 -1387.99 1951 - 2017 NZD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.00 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17