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

New Zealand recorded a trade surplus of 56 NZD Million in January of 2015. Balance of Trade in New Zealand averaged -41.35 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 -1371 NZD Million in September of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

      Forecast    
New Zealand Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
56.00 -195.00 1157.64 -1371.00 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 - 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, March 1, 2015.


New Zealand Posts First Trade Surplus in 7 months


New Zealand trade surplus narrowed to NZD 56 million in January of 2015 from NZD 285 million in the same period of 2014, mainly due lower milk powder prices. It is the lowest trade surplus value since May of 2013.

Figures for December of 2014 were revised to a NZD 195 million shortfall (previous was NZD -159 million).

Year-on-year, exports fell 9.1 percent to NZD 3.7 billion, driven by lower prices of milk powder and cheese. The quantity of dairy products exported rose 2.9 percent, led by cheese and butter, however the quantity of milk powder exported fell 3.1 percent. A 20 percent rise in meat exports partly offset the fall in monthly exports, led by frozen beef, up 53 percent.

Meanwhile, the value of imports dropped 3.8 percent to NZD 3.6 billion. The fall was led by intermediate goods (such as crude oil and automotive diesel), down 9.8 percent. 

Seasonally adjusted exports rose 2.7 percent in January 2015, led by increases in fruit and wine exports, compared with December 2014. Seasonally adjusted imports fell 8.5 percent.

The annual trade deficit to Jan 31 widened to NZD 1.41 billion, the biggest for a January month since 2009.

Statistics New Zealand | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/25/2015 10:42:12 PM


Recent Releases

New Zealand Posts First December Trade Deficit since 2010
New Zealand recorded a NZD 159 million trade gap in December of 2014, following a NZD 492.25 million surplus a year earlier, as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports. Published on 2015-01-28

New Zealand Posts Trade Deficit in November
New Zealand recorded a NZD 213 million trade gap in November of 2014, following a NZD 153 billion surplus a year earlier, due to lower exports to China. Yet, it is the smallest November deficit since 2010. Published on 2014-12-22


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-22 09:45 PM
Balance of Trade  Nov
NZD -213M NZD -911M (R) NZD -500M
2015-01-28 09:45 PM
Balance of Trade  Dec
NZD-159M NZD -213M NZD -26.5M NZD -578.6M
2015-02-25 09:45 PM
Balance of Trade  Jan
NZD 56M NZD-195M(R) NZD -183M NZD -667.7M
2015-03-24 09:45 PM
Balance of Trade  Feb
NZD 56M NZD -451.1M
2015-04-28 11:45 PM
Balance of Trade  Mar
NZD -428.2M
2015-05-25 11:45 PM
Balance of Trade  Apr
NZD -532.4M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 56.00 -195.00 1157.64 -1371.00 NZD Million [+]
Exports 3697.70 4420.00 5033.00 19.68 NZD Million [+]
Imports 3641.49 4580.00 4975.00 37.85 NZD Million [+]
Current Account -5010.00 -1060.00 364.00 -5010.00 NZD Million [+]
Current Account to GDP -3.40 -4.10 -0.90 -8.90 percent [+]
External Debt 244529.00 237764.00 250628.00 67673.00 NZD Million [+]
Terms of Trade 1352.00 1415.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 2437.00 2414.00 2654.00 676.00 NZD Million [+]
Tourist Arrivals 561684.00 547770.00 561684.00 2751.00 [+]
Crude Oil Production 41.00 41.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]