New Zealand Balance of Trade  1951-2017 | Data | Chart | Calendar

New Zealand trade deficit decreased 11.3 percent year-on-year to NZD 705 million in November of 2016, as imports fell faster than exports. It compares with market expectations of a NZD 500 million gap. For the year ended November 2016, the annual trade deficit was NZD 3.2 billion. Balance of Trade in New Zealand averaged -48.80 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 NZD Million in September of 2016.

New Zealand Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$-705M N$-815M N$-500M N$-733M
2017-01-29 09:45 PM Dec N$-705M
2017-02-27 09:45 PM Jan
2017-03-23 09:45 PM Feb




New Zealand Trade Gap Narrows in November


New Zealand trade deficit decreased 11.3 percent year-on-year to NZD 705 million in November of 2016, as imports fell faster than exports. It compares with market expectations of a NZD 500 million gap. For the year ended November 2016, the annual trade deficit was NZD 3.2 billion.

Exports declined 5.4 percent year-on-year to NZD 3855 million. Meat and edible offal led the fall, down NZD 158 million (-31 percent). In contrast, milk powder, butter, and cheese rose NZD 31 million (2.6 percent); logs, wood, and wood articles went up NZD 34 million (12 percent) and fruit increased NZD 16 million (27 percent). Exports to the EU fell NZD 116 million (-32 percent), and to the USA by NZD111 million (-23 percent). Other top export destinations (China, Australia, and Japan) showed little change.
 
Imports declined 6.4 percent to NZD 4560 million: capital goods led the fall, down NZD 326 million (-26 percent); intermediate goods declined NZD 53 million (-2.9 percent) and consumption goods fell NZD 34 million (-2.6 percent). In contrast, crude oil was up NZD 52 million (29 percent) in value. Of top import partners, the USA fell NZD 351 million (-46 percent), led by aircraft and parts. Other top import destinations (China, Australia, and Japan) rose in value.   

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
12/20/2016 10:17:19 PM



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -704.62 -815.00 1157.64 -1394.00 NZD Million [+]
Exports 3855.30 3908.00 5032.54 19.68 NZD Million [+]
Imports 4559.92 4723.00 4975.09 37.85 NZD Million [+]
Current Account -4891.00 -932.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.10 -3.30 -0.90 -8.90 percent [+]
External Debt 260715.00 257957.00 260715.00 67673.00 NZD Million [+]
Terms of Trade 1273.00 1297.00 1438.00 796.00 Index Points [+]
Capital Flows 5247.00 873.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 334.00 -197.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 333598.00 260246.00 444883.00 40.00 [+]
Crude Oil Production 33.00 38.00 72.00 15.00 BBL/D/1K [+]
Weapons Sales 7.00 75.00 75.00 1.00 USD Million [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]



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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-704.62 -815.00 1157.64 -1394.00 1951 - 2016 NZD Million Monthly



Last
Afghanistan -7159.00 Dec/15
Albania -26450.00 Nov/16
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina 100.00 Nov/16
Armenia -173.30 Nov/16
Aruba -465.10 Sep/16
Australia 1243.00 Nov/16
Austria -465.00 Oct/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
Bangladesh -89.57 Oct/16
Barbados -181864.00 Jun/16
Belarus -340.90 Nov/16
Belgium 2456.70 Nov/16
Belize -153.10 Nov/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -116.89 Sep/16
Bosnia and Herzegovina -499648.55 Nov/16
Botswana -2508.80 Oct/16
Brazil 4415.00 Dec/16
Brunei 246.20 Oct/16
Bulgaria -241.80 Nov/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 526.40 Nov/16
Cape Verde -5397.60 Oct/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 1226.87 Dec/16
China 408.18 Dec/16
Colombia -0.93 Oct/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -569.90 Nov/16
Croatia -3668.67 Nov/16
Cuba -9578.00 Dec/15
Cyprus -338508.00 Nov/16
Czech Republic 37502.29 Nov/16
Denmark 5123.30 Nov/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador -112866.00 Nov/16
Egypt -3166.00 Oct/16
El Salvador -435.57 Nov/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -112.57 Nov/16
Ethiopia -3254.50 Jun/16
Euro Area 25941.20 Nov/16
European Union 6900.10 Nov/16
Fiji -204403.00 Sep/16
Finland -150.00 Nov/16
France -4377.00 Nov/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -766.50 Dec/16
Germany 22618.00 Nov/16
Ghana -452.40 Sep/16
Greece -1554.80 Nov/16
Guatemala -676.60 Oct/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -556.90 Sep/16
Hong Kong -34053.00 Nov/16
Hungary 280000.00 Nov/16
Iceland -4400.00 Dec/16
India -10369.40 Dec/16
Indonesia 992.10 Dec/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 5090600.00 Oct/16
Israel -1442.80 Dec/16
Italy 4299.23 Oct/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
Kenya -73063.30 Oct/16
Kosovo -202700.00 Nov/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -206.70 Oct/16
Laos -339.15 Jun/16
Latvia -122.10 Nov/16
Lebanon -1222.52 Oct/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -26.10 Nov/16
Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9030.00 Nov/16
Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
Mauritania -79.64 Mar/16
Mauritius -8218.00 Oct/16
Mexico 200.00 Nov/16
Moldova -135.80 Nov/16
Monaco -104.50 Jun/16
Mongolia 239.30 Nov/16
Montenegro -132470.00 Nov/16
Morocco -13866.00 Nov/16
Mozambique -434.30 Sep/16
Myanmar -181.40 Apr/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
New Zealand -704.62 Nov/16
Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -320.60 Oct/16
Panama -961389.00 Nov/16
Papua New Guinea 3223.00 Jun/16
Paraguay -453352.00 Dec/16
Peru 279.00 Nov/16
Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
Portugal -790.68 Nov/16
Puerto Rico 2801.60 Oct/16
Qatar 9630.00 Nov/16
Republic of the Congo 4092.35 Dec/10
Romania -865.50 Nov/16
Russia 9137.00 Nov/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 73133.00 Sep/16
Senegal -201.40 Nov/16
Serbia -320.40 Nov/16
Seychelles -44.02 Nov/16
Sierra Leone -52.89 Jun/16
Singapore 6120.70 Dec/16
Slovakia 287.00 Nov/16
Slovenia -15.23 Nov/16
Somalia -1473.48 Dec/15
South Africa -1091.85 Nov/16
South Korea 7000.00 Dec/16
South Sudan -104.70 Dec/15
Spain -1833000.00 Oct/16
Sri Lanka -922.00 Nov/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -1100.00 Nov/16
Switzerland 3636.00 Nov/16
Syria 9394.50 Dec/10
Taiwan 4864.00 Dec/16
Tajikistan -188.00 Nov/16
Tanzania -88.90 Oct/16
Thailand 1540.00 Nov/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -992.50 Dec/16
Turkey -4113.35 Nov/16
Turkmenistan 2181.97 Dec/15
Uganda -131.90 Nov/16
Ukraine -235.50 Nov/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4167.00 Nov/16
United States -45240.00 Nov/16
Uruguay -140377.00 Nov/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -300.00 Dec/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16