New Zealand Balance of Trade  1951-2016 | Data | Chart | Calendar

New Zealand posted a trade gap of NZD 846 million in October of 2016, compared to a NZD 904 million deficit a year earlier and better than market expectations of NZD 950 million shortfall. It was the smallest gap recorded since July when the trade balance swung into deficit. Exports went up by 2.2 percent, due to higher sales of dairies. Imports rose by 0.2 percent, led by increase in purchase of capital goods. Balance of Trade in New Zealand averaged -47.97 NZD Million from 1951 until 2016, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1394.00 NZD Million in September of 2016.

New Zealand Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-25 09:45 PM Aug N$ -1265M N$-351M N$-766M N$-335M
2016-10-26 09:45 PM Sep N$-1436M N$ -1265M N$-1125M N$-878M
2016-11-24 09:45 PM Oct N$-846M N$-1394M N$-950M N$-805M
2016-12-20 09:45 PM Nov N$-846M N$-733M
2017-01-27 09:45 PM Dec
2017-02-25 09:45 PM Jan




New Zealand Trade Deficit Narrows 6.4% YoY in October


New Zealand posted a trade gap of NZD 846 million in October of 2016, compared to a NZD 904 million deficit a year earlier and better than market expectations of NZD 950 million shortfall. It was the smallest gap recorded since July when the trade balance swung into deficit. Exports went up by 2.2 percent, due to higher sales of dairies. Imports rose by 0.2 percent, led by increase in purchase of capital goods.

Exports rose 2.2 percent year-on-year to NZD 3,897 million, due to higher sales of milk powder, butter, and cheese (+13 percent); logs, wood, and wood articles (+25 percent); fruits (+40 percent), while sales of meat and edible offal fell (-18 percent). Outbound shipments increased to China (+7.9 percent) and Japan (+12 percent), while export went down to Australia (-6.5 percent); the US (-3.2 percent) and the EU (-9.7 percent).

Imports went up slightly by 0.2 percent year-on-year to NZD 4,743 million, led by higher purchase of capital goods (+27 percent). In contrast, imports decreased for intermediate goods (-11 percent); consumer goods (-5.3 percent) and crude oil (-17 percent). Within the top import partners purchases rose to the EU (+1.4 percent); the US (+45 percent) and Japan (+16 percent), while imports fell to China (-10 percent) and Australia (-8.5 percent). 

Statistics New Zealand | Mojdeh Kazemi | mojdeh@tradingeconomics.com
11/24/2016 10:37:10 PM



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -846.00 -1394.00 1157.64 -1394.00 NZD Million [+]
Exports 3897.00 3464.00 5032.54 19.68 NZD Million [+]
Imports 4743.00 4858.00 4975.09 37.85 NZD Million [+]
Current Account -945.00 1184.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.10 -3.30 -0.90 -8.90 percent [+]
External Debt 258477.00 255189.00 258477.00 67673.00 NZD Million [+]
Terms of Trade 1273.00 1297.00 1438.00 796.00 Index Points [+]
Capital Flows 1478.00 1504.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 529.00 1530.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 260246.00 245089.00 444883.00 40.00 [+]
Crude Oil Production 33.00 38.00 72.00 15.00 BBL/D/1K [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]
Weapons Sales 7.00 75.00 75.00 1.00 USD Million [+]



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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-846.00 -1394.00 1157.64 -1394.00 1951 - 2016 NZD Million Monthly



Last
Afghanistan -7159.00 Dec/15
Albania -28104.70 Oct/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina -114.00 Oct/16
Armenia -157.70 Oct/16
Aruba -423.80 Jun/16
Australia -1227.00 Sep/16
Austria -785.00 Aug/16
Azerbaijan 1311894.00 Jun/16
Bahamas -428.30 Jun/16
Bahrain 1513.00 Dec/15
Bangladesh -51.80 Aug/16
Barbados -181864.00 Jun/16
Belarus -145.00 Sep/16
Belgium 2898.90 Sep/16
Belize -138.84 Sep/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -103.32 Jul/16
Bosnia and Herzegovina -534734.90 Sep/16
Botswana 3238.80 Sep/16
Brazil 4757.00 Nov/16
Brunei 283.10 Sep/16
Bulgaria 89.40 Sep/16
Burkina Faso -86.40 Mar/16
Burundi -82567.40 Jul/16
Cambodia -203.30 Jul/16
Cameroon -1054.40 Dec/13
Canada -4080.40 Sep/16
Cape Verde -5946.20 Sep/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -234.00 Oct/16
China 490.56 Oct/16
Colombia -1.24 Sep/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -461.20 Oct/16
Croatia -3973.71 Sep/16
Cuba -9578.00 Dec/15
Cyprus -283281.00 Sep/16
Czech Republic 48390.46 Sep/16
Denmark 4458.60 Sep/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador 5050.00 Sep/16
Egypt -2577.00 Sep/16
El Salvador -386.50 Oct/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -62.26 Sep/16
Ethiopia -3254.50 Jun/16
Euro Area 26481.80 Sep/16
European Union 510.20 Sep/16
Fiji -172126.00 Jun/16
Finland -70.00 Sep/16
France -4769.00 Sep/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -472.40 Oct/16
Germany 24400.00 Sep/16
Ghana -712.40 Jun/16
Greece -1358.70 Sep/16
Guatemala -615.90 Sep/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -479.70 Aug/16
Hong Kong -37223.00 Oct/16
Hungary 321000.00 Sep/16
Iceland 2900.00 Oct/16
India -10160.00 Oct/16
Indonesia 1206.80 Oct/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3769800.00 Sep/16
Israel -1354.00 Oct/16
Italy 3669.89 Sep/16
Ivory Coast 1256.00 Dec/15
Jamaica -680800.00 Mar/16
Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
Lesotho -2324.11 Jun/16
Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -86.80 Sep/16
Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -142584.00 Sep/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 7600.00 Sep/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
Malta -198470.00 Sep/16
Mauritania -79.64 Mar/16
Mauritius -6179.00 Sep/16
Mexico -900.00 Oct/16
Moldova -168.10 Sep/16
Monaco -104.50 Jun/16
Mongolia 72.90 Oct/16
Montenegro -138195.00 Oct/16
Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
Nicaragua -196.00 Aug/16
Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -176241.00 Oct/16
Peru 20.30 Sep/16
Philippines -1890000.00 Sep/16
Poland -200.00 Sep/16
Portugal -920.83 Sep/16
Puerto Rico 747.70 Aug/16
Qatar 7703.00 Oct/16
Republic of the Congo 4092.35 Dec/10
Romania -786.80 Sep/16
Russia 7383.00 Sep/16
Rwanda -127.35 Jul/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 56231.00 Jun/16
Senegal -168.70 Sep/16
Serbia -380.50 Oct/16
Seychelles -40.23 Oct/16
Sierra Leone -52.89 Jun/16
Singapore 5156.80 Oct/16
Slovakia 457.00 Sep/16
Slovenia 173.43 Sep/16
Somalia -1473.48 Dec/15
South Africa -4410.97 Oct/16
South Korea 7992.05 Nov/16
South Sudan -104.70 Dec/15
Spain -2230800.00 Sep/16
Sri Lanka -645.00 Sep/16
Sudan -424613.00 Jun/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -2700.00 Oct/16
Switzerland 2678.34 Oct/16
Syria 9394.50 Dec/10
Taiwan 4376.70 Oct/16
Tajikistan -198.20 Oct/16
Tanzania -101.00 Sep/16
Thailand 250.00 Oct/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1454.50 Oct/16
Turkey -4160.00 Oct/16
Turkmenistan 2181.97 Dec/15
Uganda -222.40 Sep/16
Ukraine -295.00 Sep/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5221.00 Sep/16
United States -36440.00 Sep/16
Uruguay -45370.00 Oct/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 Nov/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16