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

New Zealand recorded a trade deficit of 60 NZD Million in June of 2015. Balance of Trade in New Zealand averaged -39.54 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
-60.00 371.00 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 Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
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-60M NZD 371M (R) NZD 100M NZD 91.6M
2015-08-25 11:45 PM Jul NZD-60M NZD -179.4M
2015-09-23 11:45 PM Aug NZD -320.8M
2015-10-23 10:45 PM Sep NZD -323.9M


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.

Imports were up 9.0 percent year-on-year to NZD 4.3 billion in June. This was despite the import of large aircraft in June last year and no similar imports this June. The rise was across a range of commodities, including consumption goods from China (such as clothing) and machinery and plant from China (such as mobile phones). Yet, depreciation of the New Zealand dollar which was 10.5 percent lower in June than a year earlier also accounted for the surge in imports.

Exports rose 1.3 percent to NZD 4.2 billion, despite milk powder, butter, and cheese exports being down. Logs, meat and fruit led the rise.

Considering the June quarter, exports and imports rose 0.4 percent each, bringing the trade deficit to NZD 460 million. This is the fifth consecutive quarterly trade deficit. The last surplus was in the March 2014 quarter.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
7/24/2015 12:13:35 AM


Recent Releases

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 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 Trade Last Previous Highest Lowest Unit
Balance of Trade -60.00 371.00 1157.64 -1359.00 NZD Million [+]
Exports 4231.00 4359.00 5033.00 19.68 NZD Million [+]
Imports 4290.00 3988.00 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 176961.00 176697.00 402518.00 40.00 Persons [+]
Crude Oil Production 34.00 33.00 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 -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 15309.00 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 -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]