The merchandise (goods) terms of trade in New Zealand rose 1.3 percent on quarter in the three months to December 2020, following a 4.7 percent decline in the previous period and matching market expectations. source: Statistics New Zealand

Terms of Trade in New Zealand averaged 1081.43 points from 1957 until 2020, reaching an all time high of 1526 points in the second quarter of 2020 and a record low of 796 points in the fourth quarter of 1975. This page provides - New Zealand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Terms of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Terms of Trade in New Zealand is expected to be 155.52 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in New Zealand to stand at 154.25 in 12 months time. In the long-term, the New Zealand Terms of Trade is projected to trend around 152.95 points in 2022, according to our econometric models.

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New Zealand Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1474.00 1455.00 1526.00 796.00 1957 - 2020 points Quarterly
NSA, 2002Q2=1000


Calendar GMT Actual Previous Consensus TEForecast
2020-06-01 10:45 PM Q1 -0.7% 2.7% 1.3% 1%
2020-09-01 10:45 PM Q2 2.5% -0.6% 0.9% 0.3%
2020-12-01 09:45 PM Q3 -4.7% 2.5% -2.8% -2.6%
2021-03-01 09:45 PM Q4 1.3% -4.7% 1.3% 1.5%


News Stream
New Zealand Terms of Trade Drop 4.7% YoY
The merchandise terms of trade in New Zealand declined 4.7 percent on quarter in the three months to September 2020, following a 2.5 percent decline in the previous period and compared to market expectations of a 2.8 percent rise. Export prices plunged 8.3 percent after rebounding 2.4 percent fall in the prior period, while import prices dropped 3.7 after edging down 0.1 percent and compared to consensus of a 1 percent decrease.
2020-12-01
New Zealand Terms of Trade Rises More than Expected in Q2
The merchandise terms of trade in New Zealand rebounded 2.5 percent on quarter in the three months to June 2020, following a downwardly revised 0.6 percent decline in the previous period and above market expectations of a 0.9 percent rise. Export prices increased 2.4 percent, rebounding from a 0.2 percent fall in the prior period, while import prices dropped 0.1 percent after rising 0.5 percent in the first quarter of the year.
2020-09-01
New Zealand Terms of Trade Unexpectedly Drop in Q1
The merchandise terms of trade in New Zealand declined 0.7 percent on quarter to an in the three months to March 2020, following an upwardly revised 2.7 percent growth in the previous period and missing market expectations of a 1.3 percent rise. It was the first decrease in a year, as export prices dropped 0.2 percent after jumping 3 percent in the prior period, while import prices advanced 0.5 percent, faster than a 0.3 percent increase in Q4 2019.
2020-06-01

New Zealand Terms of Trade
In New Zealand, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.