New Zealand Balance of Trade

New Zealand recorded a trade surplus of 247.32 NZD Million in June of 2014. Balance of Trade in New Zealand averaged -36.04 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
247.32 270.00 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.

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.

Goods exports were up 4.8 percent to $4.2 billion when compared with June 2013, led by whole milk powder. Goods imports rose 8.7 percent to $3.9 billion.

In the June quarter, the seasonally adjusted value of goods exported fell 7.4 percent to $12.4 billion. This follows a 0.9 percent increase in the March 2014 quarter, and large increases for the September 2013 and December 2013 quarters. Milk powder, butter, and cheese led the fall in exports, down 8.1 percent ($335 million), although quantities were only down 1.4 percent. Logs, meat, and fruit also had falls in both values and quantities, however values and quantities fell in similar proportions.

Seasonally adjusted imports increased 0.5 percent ($66 million), led by intermediate goods. There was a trade deficit in the June quarter of $146 million, equivalent to 1.2 percent of exports.

Statistics New Zealand | Joana Taborda |
7/24/2014 12:06:32 AM

Recent Releases

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

New Zealand Trade Surplus Narrows in April
New Zealand trade surplus decreased to NZD 534 million in April of 2014 from a revised NZD 935 million in the previous month. While large price-driven increases led to an annual 14 percent surge in sales, April 2014 is the first month since August 2013 where the export value was not a record for the month. Published on 2014-05-26

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-28 11:45 PM New Zealand
Balance of Trade
Mar 2014 NZD 920M NZD 793M (R) NZD 937M NZD 771.3M
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
July 2014 NZD 247M NZD 219.3M

Trade Last Previous Highest Lowest Unit
Balance of Trade 247.32 270.00 1157.64 -1251.92 NZD Million [+]
Exports 4194.64 4580.00 5033.00 19.68 NZD Million [+]
Imports 3947.32 4310.00 4820.02 37.85 NZD Million [+]
Current Account -585.00 -921.00 364.00 -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 359330.00 364532.00 530889.00 2751.00 [+]

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