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

New Zealand recorded a trade deficit of 472 NZD Million in August of 2014. Balance of Trade in New Zealand averaged -37.89 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. 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
-472.00 -724.00 1157.64 -1251.92 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 Tuesday, October 21, 2014.


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.

Goods exports rose NZD 227 million in August 2014 compared with August 2013, to NZD 3.5 billion. Live animals led the rise in exports, due to live cattle. Milk powder, butter, and cheese exports also contributed to the increase, led by higher quantities. The 16-percent rise in milk powder, butter, and cheese was led by milk fat and cheese.

The value of imported goods fell NZD 536 million to NZD 4.0 billion, compared with August 2013. The fall was influenced by the one-off import of a drilling platform in August last year.

Seasonally adjusted exports rose 15 percent, led by increases in crude oil, dairy, and meat exports. Seasonally adjusted imports fell 2.8 percent.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
9/24/2014 12:02:05 AM


Recent Releases

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

New Zealand Trade Surplus Narrows in June
New Zealand trade surplus narrowed slightly for the third straight month to NZD 247 million in June of 2014 from a revised NZD 270 million in May. Published on 2014-07-24


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-26 11:45 PM New Zealand
Balance of Trade
May 2014 NZD 285M NZD 498M (R) NZD 300M NZD 450M
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 -472M NZD -700M NZD -355.3M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -472.00 -724.00 1157.64 -1251.92 NZD Million [+]
Exports 3524.00 3687.00 5033.00 19.68 NZD Million [+]
Imports 3996.00 4412.00 4820.02 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 248588.00 249126.00 271406.00 67673.00 NZD Million [+]
Terms of Trade 1414.00 1389.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 2437.00 2414.00 2654.00 676.00 NZD Million [+]
Tourist Arrivals 415153.00 454488.00 530889.00 2751.00 [+]