New Zealand Balance of Trade  1951-2017 | Data | Chart | Calendar

New Zealand trade deficit decreased 1.3 percent year-on-year to NZD 41 million in December of 2016. Exports declined 0.9 percent to NZD 4.4 billion, led by meat and edible offal (-16 percent) while milk powder, butter, and cheese rose 8 percent. Imports fell 0.9 percent to NZD 4.4 billion. For the year ended December 2016, the annual trade deficit was NZD 3.2 billion, lower than a NZD 3.5 billion gap a year earlier. Sales went down 1.1 percent to NZD 48 billion, the second anual fall, led by milk powder, butter, and cheese (-2.9 percent) and meat and edible offal (-13 percent). In contrast, exports rose for logs, wood, and wood articles (17 percent) and fruits (19 percent). Shipments decreased to Australia (-0.9 percent), the US (-8 percent), the EU (-4 percent) and South Korea (-4.6 percent) but increased to China (9.1 percent) and Japan (0.8 percent). Imports shrank 1.7 percent to NZD 52 billion. Balance of Trade in New Zealand averaged -48.78 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 -1388 NZD Million in September of 2016.

New Zealand Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-24 09:45 PM Oct N$-846M N$-1394M N$-950M N$-805M
2016-12-20 09:45 PM Nov N$-705M N$-815M N$-500M N$-733M
2017-01-29 09:45 PM Dec N$-41M N$-746M N$160M
2017-02-27 09:45 PM Jan N$-41M N$15M
2017-03-23 09:45 PM Feb
2017-04-26 10:45 PM Mar




New Zealand Trade Gap Narrows in December


New Zealand trade deficit declined 1.3 percent year-on-year to NZD 41 million in December of 2016. For the year ended December 2016, the annual trade deficit was NZD 3.2 billion, lower than a NZD 3.5 billion gap a year earlier.

Exports declined 0.9 percent year-on-year to NZD 4.4 billion. Meat and edible offal led the fall, down 16 percent, while milk powder, butter, and cheese rose 8 percent. For the year ended December 2016, sales went down 1.1 percent to NZD 48 billion, the second anual fall, led by milk powder, butter, and cheese (-2.9 percent) and meat and edible offal (-13 percent). In contrast, exports rose for logs, wood, and wood articles (17 percent) and fruits (19 percent). Shipments decreased to Australia (-0.9 percent), the US (-8 percent), the EU (-4 percent) and South Korea (-4.6 percent) but increased to China (9.1 percent) and Japan (0.8 percent).

Imports declined 0.9 percent to NZD 4.4 billion, as intermediate goods fell 2.5 percent and oil and gas were down 39 percent. Meanwhile, capital goods and consumption goods slightly rose 0.9 percent and 0.2 percent, respectively. For the year ended December 2016, purchases declined 1.7 percent to NZD 52.5 billion. Imports increased from Australia (4.3 percent), Japan (6.6 percent) and China (0.4 percent) but declined from the US (-5.7 percent) and the EU (-0.3 percent).

Statistics New Zealand | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/29/2017 11:52:08 PM



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -41.38 -745.71 1157.64 -1388.00 NZD Million [+]
Exports 4381.50 3849.65 5032.54 19.68 NZD Million [+]
Imports 4422.90 4559.92 4975.09 37.85 NZD Million [+]
Current Account -4891.00 -932.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -3.10 -3.30 -0.90 -8.90 percent [+]
External Debt 260715.00 257957.00 260715.00 67673.00 NZD Million [+]
Terms of Trade 1273.00 1297.00 1438.00 796.00 Index Points [+]
Capital Flows 5247.00 873.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 334.00 -197.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 494193.00 333598.00 494193.00 40.00 [+]
Crude Oil Production 33.00 38.00 72.00 15.00 BBL/D/1K [+]
Weapons Sales 7.00 75.00 75.00 1.00 USD Million [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]



New Zealand Balance of Trade Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-41.38 -745.71 1157.64 -1388.00 1951 - 2016 NZD Million Monthly



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Afghanistan -7159.00 Dec/15
Albania -15870.70 Jan/17
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Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.70 Jan/17
Aruba -465.10 Sep/16
Australia 3511.00 Dec/16
Austria -284.00 Nov/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
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Belarus -493.30 Dec/16
Belgium 1837.10 Dec/16
Belize -156.00 Dec/16
Benin -278.15 Sep/16
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Bolivia -116.89 Sep/16
Bosnia and Herzegovina -609171.99 Dec/16
Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
Brunei 203.30 Dec/16
Bulgaria -408.10 Dec/16
Burkina Faso -86.40 Mar/16
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Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 922.80 Dec/16
Cape Verde -5560.90 Nov/16
Cayman Islands -746.00 Dec/15
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Chad 1166.10 Dec/11
Chile 719.92 Jan/17
China 513.50 Jan/17
Colombia -0.67 Dec/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -539.10 Jan/17
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2379.00 Dec/16
El Salvador -424.16 Dec/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -170.31 Dec/16
Ethiopia -3565.10 Sep/16
Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
Fiji -204403.00 Sep/16
Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -45477.00 Dec/16
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -721456.00 Dec/16
Kazakhstan 1443.10 Dec/16
Kenya -76470.00 Dec/16
Kosovo -247031.00 Dec/16
Kuwait 1385.00 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.37 Dec/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -7927.00 Dec/16
Mexico 28.00 Dec/16
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -140962.00 Dec/16
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10746.00 Dec/16
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
Somalia -1473.48 Dec/15
South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -477522.00 Dec/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
Syria 9394.50 Dec/10
Taiwan 3494.92 Jan/17
Tajikistan -196.00 Dec/16
Tanzania -26.00 Nov/16
Thailand 940.00 Dec/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
Uganda -143.40 Dec/16
Ukraine -561.70 Dec/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
United States -44262.00 Dec/16
Uruguay -127557.00 Dec/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 1150.00 Jan/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16