New Zealand Balance of Trade

New Zealand recorded a trade surplus of 284.62 NZD Million in May of 2014. Balance of Trade in New Zealand averaged -36.30 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
284.62 498.00 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.

New Zealand Trade Surplus Down to 4-Month Low

New Zealand trade surplus narrowed for the second straight month to NZD 285 million in May of 2014 from a revised NZD 498 million in April. The trend for exports is still at a high level, but it appears to be falling.

The value of exported goods rose to NZD 4.6 billion in May of 2014, up 13 percent compared with May of 2013. Milk powder, butter, and cheese led the increase in exports, up NZD 327 million. In April, shipments rose 13 percent year-on-year, following a 14 percent increase in March.

Exports to China were up NZD 204 million to NZD 868 million in May 2014. This was led by milk powder, crude oil, and sheepmeat. This is the first shipment of crude oil to China since July 2009. In contrast, sales to  to Australia fell NZD 81 million to NZD 667 million.

The value of imported goods rose 7.0 percent to NZD 4.3 billion. Capital goods led the rise, driven led trucks, cranes, and excavators.

Seasonally adjusted exports rose 0.5 percent in May 2014 compared with April 2014. Seasonally adjusted imports rose 2.9 percent.

Statistics New Zealand | Joana Taborda |
6/27/2014 12:04:42 AM

Recent Releases

New Zealand Trade Surplus Narrows in April
New Zealand trade surplus decreased to NZD 534 million in April of 2014 from a revised NZD 935 million in the previous month. While large price-driven increases led to an annual 14 percent surge in sales, April 2014 is the first month since August 2013 where the export value was not a record for the month. Published on 2014-05-26

New Zealand Posts Highest Trade Surplus on Record for March
In March of 2014, New Zealand recorded a NZD 920 million surplus, up from a revised NZD 793 million surplus in the previous month and NZD 732 million a year earlier. It is the first time monthly exports have exceeded NZD 5 billion. Published on 2014-04-29

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 920M NZD 793M (R) NZD 937M NZD 771.3M
2014-05-25 11:45 PM New Zealand
Balance of Trade
Apr 2014 NZD 534M NZD 935M (R) NZD 667M NZD 828M
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 285M NZD 150M NZD 297.2M

Trade Last Previous Highest Lowest Unit
Balance of Trade 284.62 498.00 1157.64 -1251.92 NZD Million [+]
Exports 4603.37 4438.00 5035.00 19.68 NZD Million [+]
Imports 4318.75 3940.00 4820.02 37.85 NZD Million [+]
Current Account -585.00 -921.00 364.00 -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 364532.00 396452.00 530889.00 2751.00 [+]

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