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

New Zealand recorded a trade deficit of 908 NZD Million in October of 2014. Balance of Trade in New Zealand averaged -41.05 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 -1350 NZD Million in September of 2014. Balance of Trade in New Zealand is reported by the Statistics New Zealand.

      Forecast    
New Zealand Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-908.00 -1350.00 1157.64 -1350.00 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 Friday, December 19, 2014.


New Zealand Trade Deficit Widens in October


New Zealand's trade gap increased to NZD 908 million in October of 2014 from a NZD 169 million shortfall a year earlier. It is the largest October deficit since 2008, as exports to China fell sharply and imports of capital goods increased.

In October 2014, goods exports were valued at NZD 4 billion, down 5.1 percent from October 2013. Milk powder, butter, and cheese, the main export group, fell 24 percent to NZD 1.1 billion. Milk powder was the main driver, down NZD 414 million (38 percent).

Exports to China fell 40 percent, with exports of milk powder falling 77 percent while exports to Australia rose 4 percent, mainly due to crude oil (up NZD 78 million).

The value of imported goods rose 12 percent to NZD 4.9 billion, compared with October 2013. The rise was across all three main broad economic categories, led by capital goods (31 percent) including aircraft, helicopters, and goods vehicles.

Imports from the European Union increased NZD 175 million (26 percent), mainly due to aircraft and helicopter imports from France.

Statistics New Zealand | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/27/2014 11:11:51 AM


Recent Releases

New Zealand Trade Deficit Widens on Rising Imports
New Zealand's trade gap increased to NZD 1350 million in September of 2014 from a NZD 221 million shortfall a year earlier. Exports to China decreased sharply and imports jumped on aircraft purchases. Published on 2014-10-23

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. Published on 2014-09-24


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-23 11:45 PM
Balance of Trade  Aug
NZD -472M NZD -724M (R) NZD -1275M NZD -467.1M
2014-10-23 10:45 PM
Balance of Trade  Sep
NZD -1350M NZD -489M (R) NZD -700M NZD -355.3M
2014-11-26 09:45 PM
Balance of Trade  Oct
NZD -908M NZD -1350M NZD -373.4M
2014-12-22 09:45 PM
Balance of Trade  Nov
NZD -908M NZD -500M
2015-01-28 09:45 PM
Balance of Trade  Dec
2015-02-25 09:45 PM
Balance of Trade  Jan


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -908.00 -1350.00 1157.64 -1350.00 NZD Million [+]
Exports 4026.00 3611.00 5033.00 19.68 NZD Million [+]
Imports 4935.00 4979.00 4979.00 37.85 NZD Million [+]
Current Account -5010.00 -1060.00 364.00 -5010.00 NZD Million [+]
Current Account to GDP -3.40 -4.10 -0.90 -8.90 percent [+]
External Debt 237685.00 248588.00 271406.00 67673.00 NZD Million [+]
Terms of Trade 1352.00 1415.00 1438.00 796.00 Index Points [+]
Foreign Direct Investment 2437.00 2414.00 2654.00 676.00 NZD Million [+]
Tourist Arrivals 475276.00 413121.00 530889.00 2751.00 [+]
Crude Oil Production 43.00 40.00 72.00 15.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]