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

New Zealand trade surplus increased to NZD 117 million in March of 2016 compared to a NZD 661 million surplus a year earlier and below market expectations of NZD 476 million surplus. Exports fell 14 percent on the year, due to the lower sales of milk powder, butter and cheese while imports went down at a slower 3.7 percent mainly due to purchases of capital goods. Balance of Trade in New Zealand averaged -44.86 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
117.00 8.11 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-25 09:45 PM Jan N$ 8M N$-38M N$-246M 130.6M
2016-03-23 09:45 PM Feb N$ 339M N$ 13M N$ 50M N$ 211M
2016-04-26 10:45 PM Mar N$ 117M N$ 367M N$476M N$405M
2016-05-24 10:45 PM Apr -18.74
2016-06-26 10:45 PM May -143.36
2016-07-25 10:45 PM Jun -419.39

New Zealand Trade Surplus Narrows in March


New Zealand trade surplus decreased to NZD 117 million in March of 2016 compared to a NZD 661 million surplus a year earlier and below market expectations of NZD 476 million surplus. Exports fell 14 percent on the year, due to the lower sales of milk powder, butter and cheese while imports went down at a slower 3.7 percent mainly due to purchases of capital goods.

Goods exports went down by NZD 701 million (-14.3 percent) to NZD 4.2 billion. Milk powder (-42 percent), butter(-22 percent), and cheese (-11 percent) led fall in exports, followed by ships, boats and floating structures (-98 percent), meat and edible offal (-21 percent) and casein and caseinates (-45 percent). In contrast, fruit sales rose 44 percent, driven by gold kiwifruit and royal apples, logs, wood and wood articles increased 11 percent and preparations of cereals, flour and starch grew 46 percent. 

Imports decreased NZD 157 million (-3.7 percent) to NZD 4.1 billion. Capital goods led the fall, down NZD 151 million (-16 percent), with the largest decrease being transport equipment (such as aircraft, buses and goods vehicles). Intermediate goods dropped NZD 50 million (-2.8 percent), due to decline in crude oil. Meantime, consumption goods rose NZD 38 million (+3.7 percent), driven by food and beverages for household consumption (up NZD 31 million), and non-durable consumer goods (such as essential oils and cosmetics, tobacco, and retail medicines) up NZD 23 million, but offset by a fall in semi-durable goods (such as textiles and clothing), down NZD 25 million. 

Statistics New Zealand | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/27/2016 12:33:37 AM

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 117.00 8.11 1157.64 -1358.96 NZD Million [+]
Exports 4204.00 3893.41 5032.54 19.68 NZD Million [+]
Imports 4204.00 3880.69 4975.09 37.85 NZD Million [+]
Current Account -2614.00 -1174.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.10 -3.30 -0.90 -8.90 percent [+]
External Debt 247274.00 254368.00 255274.00 67673.00 NZD Million [+]
Terms of Trade 1277.00 1353.00 1438.00 796.00 Index Points [+]
Capital Flows 2446.00 -1995.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment -1760.00 -1519.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 344400.00 373376.00 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 [+]




Last
Afghanistan -7159.00 Dec/15
Albania -27150.00 Mar/16
Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina -266.00 Mar/16
Armenia -82.90 Mar/16
Aruba -491.66 Sep/15
Australia -3410.00 Feb/16
Austria 582.90 Jan/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -63.82 Jan/16
Barbados -254822.00 Dec/15
Belarus -248.50 Feb/16
Belgium 1025.00 Feb/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -303.50 Nov/15
Bosnia and Herzegovina -427.38 Mar/16
Botswana 549.30 Feb/16
Brazil 4435.00 Mar/16
Brunei 264.10 Feb/16
Bulgaria -118.70 Feb/16
Burkina Faso -49.00 Sep/14
Burundi -61461.20 Nov/15
Cambodia -746.40 Jan/16
Cameroon -1054.40 Dec/13
Canada -1908.00 Feb/16
Cape Verde -4881.20 Feb/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 609.79 Mar/16
China 298.60 Mar/16
Colombia -1.17 Feb/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -383.40 Mar/16
Croatia 3996.23 Feb/16
Cuba -7926.60 Dec/14
Cyprus -240094.00 Feb/16
Czech Republic 42159.00 Feb/16
Denmark 2158.20 Feb/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -33147.37 Feb/16
Ecuador -82072.00 Feb/16
Egypt -3019.00 Feb/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -139.73 Feb/16
Ethiopia -3441.30 Sep/15
Euro Area 19048.40 Feb/16
European Union 3028.60 Feb/16
Fiji -185801.00 Nov/15
Finland -100.00 Feb/16
France -5177.00 Feb/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -403.86 Mar/16
Germany 20300.00 Feb/16
Ghana -1226.00 Sep/15
Greece -1651.92 Feb/16
Guatemala -408.80 Jan/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 304200.00 Feb/16
Iceland -8900.00 Mar/16
India -5070.00 Mar/16
Indonesia 490.00 Mar/16
Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3771700.00 Feb/16
Israel -1177.40 Mar/16
Italy 3856.00 Feb/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 754.99 Mar/16
Jordan -773525.00 Jan/16
Kazakhstan 1187.60 Feb/16
Kenya -58459.44 Jan/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -167.59 Dec/15
Laos -488.34 Sep/15
Latvia -139.50 Feb/16
Lebanon -1148.62 Feb/16
Lesotho -2961.47 Dec/15
Liberia -123.50 Oct/15
Libya -17675.60 Dec/14
Liechtenstein 355938.00 Dec/15
Lithuania -96.60 Feb/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -145370.00 Feb/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 7351.55 Feb/16
Maldives -127.20 Jan/16
Mali -100.60 Mar/15
Malta -557987.00 Feb/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -148.50 Feb/16
Monaco -22.60 Dec/15
Mongolia 98.70 Mar/16
Montenegro -138515.00 Mar/16
Morocco -16349.00 Mar/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.38 Mar/16
Nepal -58541.90 Dec/15
Netherlands 3952.00 Feb/16
New Caledonia -9528.00 Feb/16
New Zealand 117.00 Mar/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -695.83 Dec/14
Norway 9068.13 Mar/16
Oman 329.00 Sep/15
Pakistan -193845.00 Mar/16
Palestine -309.20 Jan/16
Panama -744011.50 Feb/16
Papua New Guinea 4191.00 Sep/15
Paraguay 140697.00 Mar/16
Peru -188.00 Feb/16
Philippines -1104000.00 Feb/16
Poland 341.00 Feb/16
Portugal -713.00 Feb/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -611.20 Feb/16
Russia 7353.00 Feb/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -36.44 Dec/15
Saudi Arabia 44465.00 Sep/15
Senegal -103.77 Jan/16
Serbia -406.80 Mar/16
Seychelles -37.18 Feb/16
Sierra Leone -89.75 Mar/15
Singapore 3656.20 Mar/16
Slovakia 459.60 Feb/16
Slovenia 120.06 Feb/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 9800.00 Mar/16
South Sudan -4987.00 Dec/13
Spain -1761000.00 Feb/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 517.46 Jun/15
Sweden 3900.00 Mar/16
Switzerland 2163.00 Mar/16
Syria 9394.50 Dec/10
Taiwan 4502.06 Mar/16
Tajikistan -135.50 Feb/16
Tanzania -30.40 Jan/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1100.60 Mar/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -120.80 Feb/16
Ukraine -436.00 Feb/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4840.00 Feb/16
United States -47060.00 Feb/16
Uruguay -18882.00 Feb/16
Uzbekistan 455.00 Dec/15
Venezuela -1093.00 Dec/15
Vietnam 100.00 Apr/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14