New Zealand Balance of Trade 1951-2014 | Data | Chart | Calendar

New Zealand recorded a trade deficit of 692 NZD Million in July of 2014. Balance of Trade in New Zealand averaged -37.28 NZD Million from 1951 until 2014, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1251.92 NZD Million in September of 2008. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

   
 
 

New Zealand Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-692.28 242.00 1157.64 -1251.92 1951 - 2014 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, September 21, 2014.


New Zealand Posts Trade Deficit in July


New Zealand trade balance turned into a NZD 692 million gap in July of 2014, the first deficit since October of 2013. Exports recorded the first annual drop in ten months due to lower demand of pine logs.

The value of exported goods was NZD 3.7 billion in July 2014, down NZD 125 million (3.3 percent) compared with July 2013. Exports to China fell NZD 35 million to NZD 615 million, and to Australia fell NZD 53 million to NZD 687 million. 

Over the last 10 months, milk powder, butter, and cheese values rose between 34 and 84 percent when compared with same month in the previous year. This drove the large increase in total goods exports over that time. In July 2014, the small rise in milk powder, butter, and cheese exports (up 0.9 percent) was offset by larger falls in other commodities.

The value of imports fell NZD 221 million (4.8 percent) to NZD 4.4 billion.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
8/26/2014 2:59:05 PM


Recent Releases

New Zealand Trade Surplus Narrows in June
New Zealand trade surplus narrowed slightly for the third straight month to NZD 247 million in June of 2014 from a revised NZD 270 million in May. Published on 2014-07-24

New Zealand Trade Surplus Down to 4-Month Low
New Zealand trade surplus narrowed for the second straight month to NZD 285 million in May of 2014 from a revised NZD 498 million in April. The trend for exports is still at a high level, but it appears to be falling. Published on 2014-06-27


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-25 11:45 PM New Zealand
Balance of Trade
Apr 2014 NZD 534M NZD 935M (R) NZD 667M NZD 828M
2014-06-26 11:45 PM New Zealand
Balance of Trade
May 2014 NZD 285M NZD 498M (R) NZD 300M NZD 450M
2014-07-23 11:45 PM New Zealand
Balance of Trade
Jun 2014 NZD 247M NZD 270M (R) NZD 150M NZD 297.2M
2014-08-25 11:45 PM New Zealand
Balance of Trade
Jul 2014 NZD -692M NZD 242M (R) NZD -475M NZD 219.3M
2014-09-23 11:45 PM New Zealand
Balance of Trade
Aug 2014 NZD -692M NZD -1275M NZD -467.1M


Trade Last Previous Highest Lowest Unit
Balance of Trade -692.28 242.00 1157.64 -1251.92 NZD Million [+]
Exports 3703.10 4177.00 5033.00 19.68 NZD Million [+]
Imports 4395.37 3935.00 4820.02 37.85 NZD Million [+]
Current Account -1060.00 -585.00 364.00 -4296.00 NZD Million [+]
Current Account to GDP -3.40 -4.10 -0.90 -8.90 Percent [+]
External Debt 248588.00 249126.00 271406.00 67673.00 NZD Million [+]
Terms of Trade 1414.00 1389.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 2437.00 2414.00 2654.00 676.00 NZD Million [+]
Tourist Arrivals 454488.00 359330.00 530889.00 2751.00 [+]
Crude Oil Production 43.00 36.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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