New Zealand Balance of Trade  1951-2018 | Data | Chart | Calendar

New Zealand posted a NZD 143 million trade deficit in July 2018, compared with a NZD 92 million surplus in the same month of the previous year and with market expectations of a NZD 400 million deficit. Exports surged 15.8 percent from the previous year to NZD 5350 million and imports soared 21.3 percent to NZD 5492 million. Balance of Trade in New Zealand averaged -51.88 NZD Million from 1951 until 2018, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1387.99 NZD Million in September of 2016.

New Zealand Balance of Trade
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New Zealand Trade Balance Swings to Deficit


New Zealand posted a NZD 143 million trade deficit in July 2018, compared with a NZD 92 million surplus in the same month of the previous year and with market expectations of a NZD 400 million deficit. Exports surged 15.8 percent from the previous year to NZD 5350 million and imports soared 21.3 percent to NZD 5492 million.

Imports soared 21.3 percent year-on-year to NZD 5490 million compared to an upwardly revised 16.2 percent jump in the previous month and the largest since November last year. Purchases rose boosted by oil & products (+83.9 percent); mechanical machinery & equipment (+16.7 percent) and vehicles, parts & accessories (+4.4 percent). In contrast, aircrafts & parts declined 8.5 percent. Among top imports partners, purchases surged from China (+27.7 percent), the EU (+15 percent), Australia (+6.7 percent), the US (+12 percent) and Japan (+17 percent). Notably, imports from the United Arab Emirates surged 621.5 percent to NZD 322 million (vs NZD 45 million).

Meantime, exports jumped 15.8 percent from the previous year to NZD 5350 million compared to a downwardly revised 4.0 percent climb in the previous month. Sales increased driven by milk powder, butter & chesse (+21.3 percent); meat and edible offal (+22.0 percent) and logs, wood & wood articles (+30.5 percent). Among major exports partners, sales gained steam to China (+27.6 percent), the US (+4.1 percent) and the EU (+3.5 percent). Notably, exports to Singapore soared 150.4 percent. In contrast, exports to Australia declined 2.8 percent.



Statistics New Zealand | Mario | mario@tradingeconomics.com
8/24/2018 8:54:45 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-26 10:45 PM Balance of Trade N$294M N$193M N$100M N$ -120M
2018-07-24 10:45 PM Balance of Trade N$-113M N$208M N$200M N$ 200M
2018-08-23 10:45 PM Balance of Trade N$-143M N$-288M N$-400M N$ 100M
2018-09-25 10:45 PM Balance of Trade N$-143M N$ -1300M
2018-10-25 09:45 PM Balance of Trade N$ -2100M
2018-11-23 09:45 PM Balance of Trade N$ 100M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -143.00 -288.00 1157.64 -1387.99 NZD Million [+]
Exports 5350.00 4879.00 5508.34 19.68 NZD Million [+]
Imports 5492.00 5167.00 5835.58 37.85 NZD Million [+]
Current Account -1620.00 88.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
External Debt 278453.00 273275.00 278453.00 67673.00 NZD Million [+]
Terms of Trade 1452.00 1443.00 1472.00 796.00 Index Points [+]
Capital Flows -1736.00 393.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment -1510.00 486.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 246682.00 250523.00 513349.00 40.00 [+]
Terrorism Index 0.61 0.23 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 24.00 23.00 72.00 15.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



New Zealand Balance of Trade

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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-143.00 -288.00 1157.64 -1387.99 1951 - 2018 NZD Million Monthly




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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