New Zealand Balance of Trade  1951-2016 | Data | Chart | Calendar

New Zealand reported a NZD 433 million trade gap in July of 2016, compared to a NZD 730 million deficit a year earlier and above market expectations of NZD 320 million shortfall. Exports fell 4.9 percent, driven by lower sales of meat and edible offal, milk powder and fruits. Imports also declined by 10 percent, mainly due to intermediate goods. Balance of Trade in New Zealand averaged -43.83 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 -1358.96 NZD Million in September of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

New Zealand Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-433.26 110.25 1157.64 -1358.96 1951 - 2016 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: 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-26 10:45 PM May N$358M N$326M N$164M N$51.6M
2016-07-25 10:45 PM Jun N$127M N$348M N$125M N$-37.3M
2016-08-23 10:45 PM Jul N$-433M N$110M N$-320M N$14M
2016-09-25 09:45 PM Aug N$-433M N$-766M N$-335M
2016-10-26 08:45 PM Sep -260.56
2016-11-24 09:45 PM Oct -217.85

New Zealand Trade Deficit Narrows 40.7% YoY in July


New Zealand reported a NZD 433 million trade gap in July of 2016, compared to a NZD 730 million deficit a year earlier and above market expectations of NZD 320 million shortfall. Exports fell 4.9 percent, driven by lower sales of meat and edible offal, milk powder and fruits. Imports also declined by 10 percent, mainly due to intermediate goods.

Exports fell 4.9 percent year-on-year to NZD 3,963 million, mainly driven by meat and edible offal (-19 percent), milk powder (-23 percent) and fruit (-5.7 percent). Sales to China went down 4.3 percent, those to the United States decreased 8.7 percent, to Japan 9.3 percent and to EU 9.8 percent while sales to Australia increased 5.2 percent.

Imports declined 10 percent year-on-year to NZD 4,396 million as intermediate, capital and consumer goods shrank. Among intermediate goods, crude oil fell 48 percent; processed industrial supplies (eg chemicals and metal scraps) were down 8.8 percent; primary industrial supplies (other than food and beverages) decreased 37 percent. Purchases of machinery and plant decreased 12 percent while imports of transport equipment rose 7.1 percent. In addition, imports of non-durable goods (eg clothing and chemical sprays) decreased 3.8 percent; durable goods (eg household appliances) fell 7.7 percent and semi-durable goods (eg clothing and toys) shrank 13 percent. Imports fell from China (-9.3 percent), the European Union (-21 percent), Australia (-6.2 percent), Japan (-1.4 percent) while purchases from the US rose 13 percent. 

Statistics New Zealand | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/24/2016 12:17:14 AM

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -433.26 110.25 1157.64 -1358.96 NZD Million [+]
Exports 3963.12 4246.93 5032.54 19.68 NZD Million [+]
Imports 4396.38 4136.68 4975.09 37.85 NZD Million [+]
Current Account -945.00 1184.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.10 -3.30 -0.90 -8.90 percent [+]
External Debt 258477.00 255189.00 258477.00 67673.00 NZD Million [+]
Terms of Trade 1302.00 1330.00 1438.00 796.00 Index Points [+]
Capital Flows 1478.00 1504.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 529.00 1530.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 221181.00 237872.00 444883.00 40.00 [+]
Crude Oil Production 45.00 43.00 72.00 15.00 BBL/D/1K [+]
Terrorism Index 1.19 0.00 1.19 0.00 [+]
Weapons Sales 7.00 75.00 75.00 1.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -27380.00 Jul/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 270.00 Jul/16
Armenia -134.20 Aug/16
Aruba -423.80 Jun/16
Australia -2410.00 Jul/16
Austria 130.00 Jun/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -62.34 Jun/16
Barbados -254822.00 Dec/15
Belarus 32.40 Jul/16
Belgium 2544.10 Jul/16
Belize -132.80 Jul/16
Benin -191.61 Jun/16
Bhutan -26021.60 Dec/15
Bolivia -136.20 Apr/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana 2651.40 Jun/16
Brazil 4140.00 Aug/16
Brunei 417.80 Jul/16
Bulgaria -29.90 Jul/16
Burkina Faso -49.00 Sep/14
Burundi -81734.20 Apr/16
Cambodia -1748.30 May/16
Cameroon -1054.40 Dec/13
Canada -2487.90 Jul/16
Cape Verde -4499.80 Jul/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -274.00 Aug/16
China 520.49 Aug/16
Colombia -1.16 Jul/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -560.60 Aug/16
Croatia -4059.88 Jul/16
Cuba -9578.00 Dec/15
Cyprus -304347.00 Jul/16
Czech Republic 24445.00 Jul/16
Denmark 8796.60 Jul/16
Djibouti -168260.00 Dec/15
Dominican Republic -631.90 Mar/16
East Timor -39175.91 Jun/16
Ecuador 204425.00 Jul/16
Egypt -3518.00 Jul/16
El Salvador -339.98 Jul/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -164.77 Jul/16
Ethiopia -3601.70 Mar/16
Euro Area 25276.10 Jul/16
European Union 3763.70 Jul/16
Fiji -112192.00 Apr/16
Finland -245.00 Jul/16
France -4505.00 Jul/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -493.40 Aug/16
Germany 19500.00 Jul/16
Ghana -712.40 Jun/16
Greece -1344.10 Jul/16
Guatemala -452.00 Jul/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -403.60 Jun/16
Hong Kong -33307.00 Jul/16
Hungary 208000.00 Jul/16
Iceland -12700.00 Aug/16
India -7674.14 Aug/16
Indonesia 293.60 Aug/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3526700.00 Jul/16
Israel -1899.30 Aug/16
Italy 7794.95 Jul/16
Ivory Coast 890.60 Dec/14
Jamaica -680800.00 Mar/16
Japan -18.71 Aug/16
Jordan -658173.00 Jun/16
Kazakhstan 1289.60 Jul/16
Kenya -79107.00 Jun/16
Kosovo -210544.00 Jul/16
Kuwait 402.00 Mar/16
Kyrgyzstan -291.40 Jun/16
Laos -594.89 Dec/15
Latvia -182.90 Jul/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -99.90 May/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -178.60 Jul/16
Luxembourg -0.42 Jul/16
Macau -4867968.77 Jul/16
Macedonia -131493.00 Jul/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 1907.37 Jul/16
Maldives -161.70 Jun/16
Mali -100.60 Mar/15
Malta -149432.00 Jul/16
Mauritania -79.64 Mar/16
Mauritius -8160.00 Jul/16
Mexico -1827.09 Jul/16
Moldova -148.40 Jul/16
Monaco -104.50 Jun/16
Mongolia 110.00 Aug/16
Montenegro -175013.00 Jul/16
Morocco -17306.00 Jul/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4821.00 Jul/16
New Caledonia -9890.65 Jun/16
New Zealand -433.26 Jul/16
Nicaragua -223.90 Jun/16
Niger -441985.00 Sep/15
Nigeria -29398.00 Jun/16
North Korea -476.67 Dec/15
Norway 6763.00 Aug/16
Oman -45.20 Dec/15
Pakistan -279639.00 Aug/16
Palestine -358.40 Jun/16
Panama -918416.00 Jul/16
Papua New Guinea 3957.00 Dec/15
Paraguay -154825.00 Aug/17
Peru 484.00 Jul/16
Philippines -2053160.00 Jul/16
Poland -313.00 Jul/16
Portugal -557.44 Jul/16
Puerto Rico 2091.50 Apr/16
Qatar 6694.00 Jul/16
Republic of the Congo 4092.35 Dec/10
Romania -642.90 Jul/16
Russia 6490.00 Jul/16
Rwanda -142.60 May/16
Sao Tome and Principe -27.28 Jun/16
Saudi Arabia 16295.00 Mar/16
Senegal -159.34 Jul/16
Serbia -300.30 Jul/16
Seychelles -40.31 Jul/16
Sierra Leone -52.89 Jun/16
Singapore 5592.00 Aug/16
Slovakia 60.00 Jul/16
Slovenia 99.78 Jul/16
Somalia -1473.48 Dec/15
South Africa 5223.30 Jul/16
South Korea 5300.00 Aug/16
South Sudan -104.70 Dec/15
Spain -557800.00 Jul/16
Sri Lanka -542.00 Jul/16
Sudan -424613.00 Jun/16
Suriname 32.40 Jun/16
Swaziland 1217.38 Dec/15
Sweden 500.00 Jul/16
Switzerland 3024.63 Aug/16
Syria 9394.50 Dec/10
Taiwan 3984.83 Aug/16
Tajikistan -142.90 Jul/16
Tanzania -207.80 Jun/16
Thailand 1213.00 Jul/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1397.20 Aug/16
Turkey -4787.97 Jul/16
Turkmenistan 2181.97 Dec/15
Uganda -175.50 Jul/16
Ukraine -264.80 Aug/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4502.00 Jul/16
United States -39474.00 Jul/16
Uruguay 207156.00 Jul/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 573.00 Aug/16
Yemen -2914.30 Dec/13
Zambia -473.90 Jul/16
Zimbabwe -322.86 Mar/16