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.
Terms of Trade in New Zealand averaged 1076.64 points from 1957 until 2020, reaching an all time high of 1500 points in the fourth quarter of 2019 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 July of 2020. source: Statistics New Zealand
Terms of Trade in New Zealand is expected to be 148.70 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 148.89 in 12 months time. In the long-term, the New Zealand Terms of Trade is projected to trend around 140.14 points in 2021 and 139.42 points in 2022, according to our econometric models.