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

New Zealand trade deficit decreased to 53 NZD million in December of 2015, compared to a 200 NZD million gap a year earlier, as exports rose by 0.6 percent led by logs and wine, while imports declined by 2.6 percent. For the whole of 2015, trade gap increased to 3.55 NZD billion compared to 1.20 NZD billion in 2014 and hitting its highest deficit since 2008. Balance of Trade in New Zealand averaged -45.41 NZD Million from 1951 until 2015, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1359 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
-52.62 -778.69 1157.64 -1359.00 1951 - 2015 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 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-25 09:45 PM Oct N$-963M N$-1140M N$-937M N$-889.8M
2015-12-22 09:45 PM Nov N$-779M N$-905M N$-809.5M N$-792.3M
2016-01-27 09:45 PM Dec N$-53M N$-799M N$-131M N$-301.7M
2016-02-25 09:45 PM Jan N$-53M 130.8M
2016-03-23 09:45 PM Feb 277.1M
2016-04-26 10:45 PM Mar 387.7M

New Zealand Trade Gap Narrows in December


New Zealand trade deficit decreased to NZD 53 million in December of 2015, compared to a NZD 200 million gap a year earlier, as exports rose by 0.6 percent led by logs and wine, while imports declined by 2.6 percent. For the whole of 2015, trade gap increased to NZD 3.55 billion compared to NZD 1.20 billion in 2014 and hitting its highest deficit since 2008.

Goods exported rose 0.6 percent to NZD 4.4 billion compared with December 2014. The rise was led by logs (up NZD 45 million) and wine (up NZD 32 million). Milk powder, butter, and cheese fell 2.9 percent (NZD 41 million) while the quantity exported rose to a record high of 374,000 tonnes. Imported goods were valued at NZD 4.5 billion, down 2.6 percent (NZD 120 million) from December 2014. 

In 2015 there was an annual trade deficit of NZD 3.5 billion (7.2 percent of exports). This is larger than the deficit of NZD 1.2 billion for the December 2014 year, and is the largest December year deficit since 2008.

Annual exports were valued at NZD 49.0 billion, down NZD 1.1 billion (2.2 percent) from the December 2014 year. Milk powder, butter, and cheese fell NZD 3.0 billion to NZD 11.5 billion, with China accounting for two-thirds of the fall. Despite the fall in the value of dairy exports, the quantity of milk powder, butter, and cheese rose to a new record high of 2.9 million tonnes (up 2.9 percent from the previous high in 2014). The quantity exported to China was 21 percent of the total in 2015, down from 28 percent in 2014.

The value of imported goods was NZD 52.5 billion, a new high for a calendar year. This is up NZD 1.3 billion (2.5 percent) from the December 2014 year. The rise occurred despite a fall of NZD 2.5 billion in the total value of petroleum products. The rise in imports was broad-based and was led by consumption goods (such as clothing, toys, and games), up NZD 1.5 billion (13 percent). Capital goods rose NZD 526 million, led by machinery and plant (up NZD 452 million). Intermediate goods fell NZD 862 million (3.9 percent), led by a fall of NZD 1.6 billion (33 percent) in crude oil on the back of lower prices. The average price of crude oil in 2015 was about one-third lower than it was in 2014.

“The depreciating New Zealand dollar has an upward effect on import and export prices,” international statistics senior manager Jason Attewell said. “Imports rose NZD 1.3 billion, but exports fell NZD 1.1 billion as the impact of falls in world prices, such as for dairy products, was greater than the upward exchange rate effect.”

Statistics New Zealand | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/27/2016 10:10:54 PM

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -52.62 -778.69 1157.64 -1359.00 NZD Million [+]
Exports 4429.07 4080.58 5033.00 19.68 NZD Million [+]
Imports 4481.69 4859.26 4975.00 37.85 NZD Million [+]
Current Account -4749.00 -1216.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.30 -3.40 -0.90 -8.90 percent [+]
External Debt 254368.00 255274.00 255274.00 67673.00 NZD Million [+]
Terms of Trade 1305.00 1353.00 1438.00 796.00 Index Points [+]
Capital Flows -1995.00 -479.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment -1519.00 980.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 444900.00 300521.00 444900.00 40.00 [+]
Crude Oil Production 44.00 43.00 72.00 15.00 BBL/D/1K [+]
Terrorism Index 1.19 0.00 1.19 0.00 [+]




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Argentina 254.00 Oct/15
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Australia -3535.00 Dec/15
Austria 457.10 Nov/15
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Belgium 1956.90 Nov/15
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Benin -167.71 Jun/15
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Brazil 923.00 Jan/16
Brunei 308.00 Nov/15
Bulgaria -479.70 Nov/15
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Chile 685.00 Jan/16
China 600.93 Dec/15
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Cuba -7926.60 Dec/14
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Czech Republic 17000.00 Dec/15
Denmark 1927.30 Dec/15
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Dominican Republic -644.90 Sep/15
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Ecuador -206000.00 Nov/15
Egypt -3397.00 Nov/15
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European Union 5862.70 Nov/15
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Germany 20600.00 Nov/15
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Guinea -103.83 Jun/13
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Honduras -520.50 Sep/15
Hong Kong -45706.00 Dec/15
Hungary 201400.00 Dec/15
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Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3378800.00 Nov/15
Israel -991.30 Dec/15
Italy 4409.43 Nov/15
Ivory Coast 757.00 Dec/13
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Japan 140.20 Dec/15
Jordan -756171.10 Nov/15
Kazakhstan 1198.40 Nov/15
Kenya -114283.00 Nov/15
Kosovo -230094.00 Dec/15
Kuwait 1836.10 Sep/15
Kyrgyzstan -294.30 Sep/15
Laos -488.34 Sep/15
Latvia -124.70 Nov/15
Lebanon -1207.07 Oct/15
Lesotho -2384.00 Sep/15
Liberia -88.50 Sep/15
Libya -17675.60 Dec/14
Liechtenstein 315120.00 Sep/15
Lithuania -63.80 Nov/15
Luxembourg -0.38 Nov/15
Macau -6083788.93 Dec/15
Macedonia -228611.00 Dec/15
Madagascar -204525.00 Sep/15
Malawi -57415.30 Mar/15
Malaysia 7990.00 Dec/15
Maldives -137.10 Nov/15
Mali -100.60 Mar/15
Malta -149500.00 Dec/15
Mauritania -268.39 Sep/15
Mauritius -7798.00 Nov/15
Mexico -927.00 Dec/15
Moldova -167.30 Nov/15
Monaco -86.40 Sep/15
Mongolia 18.00 Nov/15
Montenegro -124400.00 Dec/15
Morocco -9053.00 Sep/15
Mozambique -1274.70 Sep/15
Myanmar -942.70 Jan/16
Namibia -9830.66 Sep/15
Nepal -76499.00 Jun/15
Netherlands 4168.00 Nov/15
New Caledonia -11456.00 Dec/15
New Zealand -52.62 Dec/15
Nicaragua -223.60 Sep/15
Niger -441985.00 Sep/15
Nigeria 197187.70 Sep/15
North Korea -695.83 Dec/14
Norway 18114.00 Dec/15
Oman 284.70 Jul/15
Pakistan -215151.00 Dec/15
Palestine -335.30 Nov/15
Panama -912393.10 Nov/15
Papua New Guinea 4191.00 Sep/15
Paraguay -248823.67 Dec/15
Peru 210.00 Dec/16
Philippines -976870.00 Nov/15
Poland 756.00 Nov/15
Portugal -695.28 Nov/15
Puerto Rico 2916.00 Sep/16
Qatar 10923.00 Nov/15
Republic of the Congo 4092.35 Dec/10
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Russia 9114.00 Nov/15
Rwanda -149.04 Nov/15
Sao Tome and Principe -31.85 Sep/15
Saudi Arabia 78966.00 Jun/15
Senegal -170.26 Nov/15
Serbia -541.50 Dec/15
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Singapore 5158.30 Dec/15
Slovakia -16.30 Dec/15
Slovenia 93.70 Nov/15
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South Africa 8221.07 Dec/15
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Spain -1850000.00 Nov/15
Sri Lanka -629.70 Nov/15
Sudan -661598.00 Sep/15
Suriname -130.90 Sep/15
Swaziland 1098.48 Mar/15
Sweden 4700.00 Dec/15
Switzerland 2544.00 Dec/15
Syria 9394.50 Dec/10
Taiwan 135991.00 Dec/15
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Tanzania 207.70 Nov/15
Thailand 1490.00 Dec/15
Togo -68.29 Dec/14
Trinidad and Tobago 460.40 Jun/15
Tunisia -817.00 Dec/15
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Uzbekistan 168.00 Mar/15
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Vietnam -200.00 Jan/16
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