News

New Zealand Trade Surplus Narrows Sharply
New Zealand trade surplus declined to NZD 17 million in December of 2020 from NZD 380 million in the same month of the previous year. Goods exports fell NZD 149 million (or 2.7 percent) to NZD 5.3 billion, dragged by milk powder, butter & cheese and crude oil. Meanwhile goods imports rose NZD 213 million (or 4.2 percent) to NZD 5.3 billion. The quarterly trade balance was a surplus of NZD 412 million.
Published on 2021-01-27

New Zealand Trade Balance Swings to Surplus
New Zealand's trade balance swung to a NZD 252 million surplus in November of 2020 from a NZD 787 million in the same month of the previous year. Goods exports dropped 0.2 percent to NZD 5.2 billion, while imports fell 17 percent or NZD 1.1 billion to NZD 5.0 billion. The annual goods trade balance was a surplus of NZD 3.3 billion, compared to a deficit of NZD 4.8 billion in the year ended November 2019.
Published on 2020-12-17

New Zealand Trade Deficit Narrows
New Zealand's trade deficit narrowed to NZD 500 million in October of 2020 from NZD 1039 million in the same month of the previous year. Imports dropped 13 percent over a year earlier, or NZD 759 million to NZD 5.3 billion, while exports declined 4.4 percent, or NZD 222 million to an over two-year low of NZD 4.8 billion. New Zealand’s annual goods trade surplus reached a 28-year high of NZD 2.2 billion in the year ended October 2020, the largest annual surplus since the July 1992 year.
Published on 2020-11-25

New Zealand Trade Deficit Narrows in September
New Zealand's trade deficit narrowed to NZD 1017 million in September of 2020 from NZD 1310 million in the same month of the previous year. Imports dropped 11.4 percent over a year earlier, or NZD 643 million to NZD 5.0 billion, while exports declined 8 percent, or NZD 350 million to an over two-year low of NZD 4.0 billion. The country posted a NZD 1.7 billion annual goods trade surplus for the September 2020 year. Considering the third quarter of the year, New Zealand posted a trade shortfall of NZD 0.8 billion, compared to a NZD 3.1 billion surplus in the previous period.
Published on 2020-10-26

New Zealand Post Smallest Trade Gap in Over a Year
New Zealand's trade deficit narrowed to NZD 353 million in August of 2020 from NZD 1642 million in the same month of the previous year. It was the smallest trade gap since February last year, as imports dropped by NZD 940 million (or 16 percent) to NZD 4.8 billion while exports rose by NZD 349 million (or 8.6 percent) to NZD 4.4 billion. The country posted a NZD 1340 billion annual goods trade surplus for the August 2020 year, the largest annual trade surplus since 2014.
Published on 2020-09-23

New Zealand Trade Balance Swings to Surplus
New Zealand's trade balance swung to a NZD 282 million surplus in July of 2020 from a NZD 732 million deficit in the same month of the previous year. Merchandise goods imports fell by NZD 1.0 billion, or 18 percent to NZD 4.6 billion, while exports declined by NZD 9.8 million, 0.2 percent to NZD 4.9 billion. The annual trade balance for the year ended July 2020 was a deficit of NZD 115 million, the smallest annual trade shortfall since the October 2014 year.
Published on 2020-08-25

New Zealand Trade Surplus Widens
New Zealand's trade surplus widened to NZD 426 million in June of 2020 from NZD 330 million in the same month of the previous year. Exports increased NZD 107 million (or 2.2 percent) to NZD 5.1 billion, led by a 7.9 percent jump in sales of milk powder, butter and cheese. Meanwhile, imports were little changed (up 0.2 percent or NZD 11 million) to NZD 4.6 billion. The response to the pandemic was visible in the data, as NZD 44 million worth of face masks were exported (up 146 percent), whereas imports of pharmaceutical products climbed by NZD 35 million (or 36 percent).
Published on 2020-07-24

New Zealand Trade Surplus Widens Sharply
New Zealand's trade surplus widened sharply to NZD 1253 million in May of 2020 from NZD 175 million in the same month of the previous year. Imports plunged 25.6 percent over a year earlier to NZD 4.1 billion, amid the COVID-19 crisis. Meanwhile, exports dropped 6.1 percent to NZD 5.5 billion, with logs (-12.3 percent) as the major contributor to the fall. The response to the pandemic was visible in the data, as NZD 90 million worth of face masks were imported (from NZD 64 million in April), while exports of respiration equipment increased by NZD 49 million or 112%.
Published on 2020-06-24

New Zealand Posts Largest Trade Surplus on Record
New Zealand's trade surplus widened sharply to NZD 1267 million in April of 2020 from NZD 361 million in the same month of the previous year. It was the largest trade surplus on record, as imports plunge 22 percent over a year earlier to NZD 4.0 billion, the second sharpest fall since the series began in 1960, amid the COVID-19 level 4 lockdown. The largest contributor to the fall in imports was petroleum & products (-58 percent), in particular crude oil (-77 percent). Exports dropped 4 percent to NZD 5.3 billion, mainly due to log as operations were suspended during the month.
Published on 2020-05-25

New Zealand Trade Surplus Narrows in March
The trade surplus in New Zealand narrowed to NZD 672 million in March of 2020 from NZD 825 million in the same month of the previous year. Exports rose 3.8 percent year-on-year to a record high of NZD 5.81 billion driven by kiwifruit, dairy, and meat, even as the coronavirus pandemic spread around the world. Imports increased 7.7 percent to NZD 5.14 billion, boosted by higher purchases of petroleum & products and mechanical machinery & equipment. Considering the first quarter of the year, the country recorded a NZD 808 million trade surplus.
Published on 2020-04-28

New Zealand Trade Balance Switches to Surplus
The trade balance in New Zealand switched to a NZD 594 million surplus in February of 2020 from a NZD 94 million deficit in the same month of the previous year. Exports climbed 4.5 percent year-on-year to NZD 4920 million despite falls in sales of logs and fish, particularly to China, in the wake of the COVID-19 outbreak. Meanwhile, imports fell 9.9 percent to NZD 4330 million, with falls across all major categories.
Published on 2020-03-24

New Zealand Trade Deficit Narrows in January
The trade gap in New Zealand narrowed to NZD 340 million in January of 2020 from NZD 935 million in the same month of the previous year. Exports surged 8.8 percent year-on-year to NZD 4727 million, as sales to China jumped (31 percent) led by increases in dairy, meat, and logs; while imports fell 4 percent to NZD 5067 million, mainly due to lower purchases of vehicles, parts, and accessories. Trade data for January 2020 covers the period just before travel restrictions were imposed after the coronavirus outbreak in China, New Zealand's statistics department Stats NZ said.
Published on 2020-02-26

New Zealand Trade Surplus Widens in December
The trade gap in New Zealand widened to NZD 547 million in December of 2019 from NZD 9 million in the same month of the previous year. Exports rose 4.8 percent year-on-year to NZD 5544 million while imports fell 5.4 percent to NZD 4997 million. Considering 2019 as a whole, the country posted a NZD 4309 million trade shortfall, compared to a NZD 6161 million deficit a year earlier.
Published on 2020-01-29

New Zealand Trade Deficit Narrows in November
The trade gap in New Zealand narrowed to NZD 753 million in November of 2019 from NZD 1004 million in the same month of the previous year and compared to market expectations of a NZD 875 million deficit. Exports rose 7.6 percent year-on-year to NZD 5228 million and imports climbed 2 percent to NZD 5981 million. The twelve-month trade shortfall decreased to NZD 4816 million from NZD 5556 million a year earlier.
Published on 2019-12-18

New Zealand Trade Deficit Narrows in October
The trade gap in New Zealand narrowed to NZD 1013 million in October of 2019 from NZD 1305 million in the same month of the previous year and compared to market expectations of a NZD 1621 million deficit. Exports rose 4.3 percent year-on-year to NZD 5035 million and imports declined 1.4 percent to NZD 6048 million. The twelve-month trade shortfall decreased to NZD 5037 million from NZD 5774 million a year earlier.
Published on 2019-11-26

New Zealand Trade Gap Narrows in September
The trade gap in New Zealand narrowed to NZD 1242 million in September of 2019 from NZD 1580 million in the same month of the previous year, as exports rose 5.1 percent to NZD 4469 million and imports declined 2.1 percent to NZD 5710 million. The twelve-month trade shortfall decreased to NZD 5,213 million from NZD 5309 million a year earlier.
Published on 2019-10-22

New Zealand Trade Deficit Narrows Slightly in August
The trade gap in New Zealand narrowed slightly to NZD 1565 million in August of 2019 from NZD 1567 million in the same month of the previous year, as exports rose 3.8 percent to NZD 4126 million and imports advanced at a softer 2.7 percent to NZD 5691 million. The twelve-month trade shortfall widened to NZD 5,484 million from NZD 4,894 million a year earlier.
Published on 2019-09-24

New Zealand Trade Deficit Widens in July
The trade gap in New Zealand rose to NZD 685 million in July of 2019 from NZD 203 million in the same month of the previous year, as exports declined 5.8 percent to NZD 5,028 million while imports advanced 3.1 percent to NZD 5,713 million. The twelve-month trade shortfall widened to NZD 5,463 million from NZD 4,501 million a year earlier.
Published on 2019-08-25

New Zealand Trade Balance Swings to Surplus
New Zealand trade balance swang to a NZD 365 million surplus in June 2019 from a NZD 285 million deficit in the same month of the previous year and compared to market expectations of a NZD 100 million surplus. Exports rose 2.8 percent year-on-year while imports declined 10.0 percent. The twelve-month trade balance recorded a NZD 4.9 billion gap compared to a NZD 4.2 billion shortfall a year earlier.
Published on 2019-07-23

New Zealand Trade Surplus Widens in May
New Zealand trade surplus widened to NZD 264 million in May 2019 from NZD 199 million in the same month of the previous year and compared to market expectations of a NZD 200 million surplus. Exports jumped 8.5 percent year-on-year to a record high and imports rose 7.6 percent. The twelve-month trade balance recorded a NZD 5.5 billion gap compared to a NZD 3.7 billion shortfall a year earlier.
Published on 2019-06-24