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

New Zealand recorded a trade deficit of 1350 NZD Million in September of 2014. Balance of Trade in New Zealand averaged -39.61 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 -1350 NZD Million in September of 2014. 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
-1350.00 -489.00 1157.64 -1350.00 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 Saturday, November 1, 2014.


New Zealand Trade Deficit Widens on Rising Imports


New Zealand's trade gap increased to NZD 1350 million in September of 2014 from a NZD 221 million shortfall a year earlier. Exports to China decreased sharply and imports jumped on aircraft purchases.

In September 2014, merchandise exports were valued at NZD 3.6 billion for the month, down NZD 203 million (5.3 percent) from September 2013. Logs, wood, and wood article exports fell NZD 112 million (31 percent) to NZD 250 million, led by pine logs, down  NZD85 million (39 percent). Milk powder, butter, and cheese fell NZD 110 million (12 percent) to NZD 798 million. This fall was due to whole milk powder, down NZD 134 million (28 percent).

The quantity of whole milk powder was down 6.1 percent, and pine logs were down 31 percent. China led the fall in both these commodities, with the whole milk powder quantity down 58 percent, and pine logs down 34 percent.

Imported goods were valued at NZD 5.0 billion, up NZD 927 million (23 percent) from September 2013. The rise in monthly imports was across the board, and led by large capital items due to imports of aircraft. Excluding large aircraft, goods imported were valued at NZD 4.5 billion in September 2014, up NZD 534 million (13 percent) from September 2013.

In the third quarter of 2014, exports fell 3.0 percent (to NZD 12 billion), led by dairy and imports rose 3.7 percent (to NZD 13 billion). Capital goods led the rise in imports, due to aircraft.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
10/23/2014 11:22:15 PM


Recent Releases

New Zealand Trade Deficit Narrows in August
New Zealand's trade gap decreased to NZD 472 million in August of 2014 from a NZD 1236 million shortfall a year earlier. It is the smallest trade deficit for an August month since 2010, as cattle, milk fat, and cheese contributed to the rise in exports. Published on 2014-09-24

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. Published on 2014-08-26


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -472M NZD -724M (R) NZD -1275M NZD -467.1M
2014-10-23 10:45 PM New Zealand
Balance of Trade
Sep 2014 NZD -1350M NZD -489M (R) NZD -700M NZD -355.3M
2014-11-26 09:45 PM New Zealand
Balance of Trade
Oct 2014 NZD -1350M NZD -373.4M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -1350.00 -489.00 1157.64 -1350.00 NZD Million [+]
Exports 3614.00 3510.00 5033.00 19.68 NZD Million [+]
Imports 4965.00 4000.00 4965.00 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 237685.00 248588.00 271406.00 67673.00 NZD Million [+]
Terms of Trade 1419.00 1414.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 2437.00 2414.00 2654.00 676.00 NZD Million [+]
Tourist Arrivals 413121.00 415153.00 530889.00 2751.00 [+]