New Zealand Balance of Trade

New Zealand recorded a trade surplus of 817.77 NZD Million in February of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand. Balance of Trade in New Zealand averaged -37.93 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. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
817.77 286.16 1157.64 -1251.92 694.35 | 2014/06 1951 - 2014 NZD Million Monthly

TO

New Zealand Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-19 01:00 AM New Zealand
Balance of Trade
Nov 2013 NZD 183M NZD -173M (R) NZD -117.3M
2014-01-30 09:45 PM New Zealand
Balance of Trade
Dec 2013 NZD 523M NZD 183M NZD 701.1M
2014-02-26 09:45 PM New Zealand
Balance of Trade
Jan 2014 NZD 306M NZD 493M (R) NZD 230M NZD 702.3M
2014-03-26 09:45 PM New Zealand
Balance of Trade
Feb 2014 NZD 818M NZD 286M (R) NZD 600M NZD 519.5M
2014-04-28 11:45 PM New Zealand
Balance of Trade
Mar 2014 NZD 818M NZD 771.3M
2014-05-25 11:45 PM New Zealand
Balance of Trade
Apr 2014 NZD 743.3M
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Trade Last Previous Highest Lowest Forecast Unit
External Debt 249126.00 2013-12-31 249817.00 271406.00 67673.00 247670.73 2014-06-30 NZD Million [+]
Foreign Direct Investment 2347.00 2013-11-15 2175.00 2654.00 676.00 2238.69 2014-06-30 NZD Million [+]
Terms of Trade 1387.00 2013-11-15 1355.00 1438.00 796.00 1499.07 2014-06-30 Index Points [+]
Tourist Arrivals 414379.00 2014-03-15 455221.00 530889.00 2751.00 407889.82 2014-06-30 [+]
Current Account -837.00 2013-11-15 -2577.00 354.00 -4298.00 -1384.01 2014-06-30 NZD Million [+]
Current Account to GDP -3.40 2013-12-31 -4.10 -0.90 -8.90 -3.23 2014-06-30 Percent [+]
Balance of Trade 817.77 2014-02-15 286.16 1157.64 -1251.92 694.35 2014-06-30 NZD Million [+]
Exports 4555.79 2014-02-15 4070.39 4749.52 19.68 4347.42 2014-06-30 NZD Million [+]
Imports 3738.02 2014-02-15 3784.23 4820.02 37.85 4048.13 2014-06-30 NZD Million [+]
[+]


New Zealand Posts Trade Surplus in February

The trade balance for February of 2014 was a surplus of $818 million. This is the highest-ever trade surplus for any February month and compares with a surplus of $432 million in February 2013. The rise in dairy exports was supported by logs and meat, with much of the increase in these commodities destined for China.

The value of exported goods rose $663 million (17 percent) to $4.6 billion in February 2014, compared with February 2013.

Exports of primary products led the rise in total goods exports, including rises for milk powder, logs, and sheepmeat exports. Goods exports to China rose $388 million (49 percent), which was driven by primary products, up $398 million in February 2014.

The value of imported goods rose $277 million (8.0 percent) to $3.7 billion. The main contributors to the increase were intermediate goods (up $148 million) and capital goods (up $135 million).

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
3/26/2014 10:40:05 PM

RECENT RELEASES

New Zealand Repots Highest Trade Surplus On Record for January
New Zealand reported a trade surplus for the third consecutive month in January as the country's dairy exports to China hit a record high. Published on 2014-02-26

China Becomes New Zealand’s Top Export Partner in 2013
In December of 2013, New Zealand trade balance turned into a NZD 523 million surplus for the second straight monht. For the December 2013 year, there was a trade deficit of NZD 259 million (0.5 percent of exports), up from an average deficit of 2.5 percent of exports over the previous five December years. China became the country’s top export destination for the first time, due to exports of milk powder. Published on 2014-01-30


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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