The trade surplus in New Zealand narrowed to NZD 261.4 million in June of 2021 from NZD 472.6 million a year earlier. Exports were up 17.1% to a new record high of NZD 5953 million, as sales of logs and wood reached a new high, mainly led by logs. Beef exports also reached a new high of NZD 411 million. China continues to receive the largest share of New Zealand exports (32%), namely dairy, logs and meat. Imports increased at a faster 23.5% to NZD 5692 million, as purchases of vehicles, parts, and accessories, topped an all time high of NZD 977 million, namely motor cars and vehicles for transport of goods. Considering the June quarter, exports reached its highest ever value, NZD 17.2 billion and imports were up to NZD 16.1 billion. The June 2020 quarter coincided with the alert level 4 lockdown in New Zealand. source: Statistics New Zealand

Balance of Trade in New Zealand averaged -57.09 NZD Million from 1951 until 2021, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -1641.63 NZD Million in August of 2019. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Balance of Trade in New Zealand is expected to be -91.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Balance of Trade is projected to trend around 340.00 NZD Million in 2022 and 335.00 NZD Million in 2023, according to our econometric models.

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New Zealand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
261.43 488.59 1350.34 -1641.63 1951 - 2021 NZD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-28 10:45 PM Mar N$33M N$201M N$ 210M
2021-05-25 10:45 PM Apr N$388M N$39M N$-100M
2021-06-24 10:45 PM May N$469M N$414M N$500M
2021-07-25 10:45 PM Jun N$261M N$489M N$ 500M
2021-08-24 10:45 PM Jul N$261M
2021-09-23 10:45 PM Aug
2021-10-26 09:45 PM Sep N$ -91M
2021-11-25 09:45 PM Oct


News Stream
New Zealand Trade Surplus Nearly Halved in June
The trade surplus in New Zealand narrowed to NZD 261.4 million in June of 2021 from NZD 472.6 million a year earlier. Exports were up 17.1% to a new record high of NZD 5953 million, as sales of logs and wood reached a new high, mainly led by logs. Beef exports also reached a new high of NZD 411 million. China continues to receive the largest share of New Zealand exports (32%), namely dairy, logs and meat. Imports increased at a faster 23.5% to NZD 5692 million, as purchases of vehicles, parts, and accessories, topped an all time high of NZD 977 million, namely motor cars and vehicles for transport of goods. Considering the June quarter, exports reached its highest ever value, NZD 17.2 billion and imports were up to NZD 16.1 billion. The June 2020 quarter coincided with the alert level 4 lockdown in New Zealand.
2021-07-25
New Zealand Trade Surplus Narrows in May
New Zealand's trade surplus narrowed to NZD 469 million in May of 2021 from NZD 1,294 million in the same month a year earlier. Exports rose 5.8 percent to NZD 5.9 billion amid higher sales of milk powder, butter, and cheese (12 percent) and log, wood, and wood articles (26 percent. Among major trading partners, shipments increased to China (25 percent) and the US (22 percent). Imports went up 31 percent to NZD 5.4 billion due to higher purchases of vehicles, parts, and accessories (194 percent). Imports went up mainly from China (9.4 percent) and the EU (28 percent).
2021-06-24
New Zealand Trade Surplus Narrows in April
New Zealand's trade surplus narrowed to NZD 388 million in April of 2021 from NZD 1,350 million in the same month a year earlier. Exports rose 1.2 percent to NZD 5.4 billion amid higher sales of preparations of log, wood, and wood articles. Among major trading partners, shipments increased to China (26 percent) and Australia (24 percent). Imports went up 26 percent to NZD 5.0 billion, due to higher purchases of vehicles, parts, and accessories. Purchases went up mainly from the EU, japan, and China.
2021-05-25
New Zealand Trade Surplus Narrows Sharply in March
New Zealand's trade surplus narrowed to NZD 33 million in March of 2021 from NZD 726 million in the same month a year earlier. Exports dropped 2.3 percent to NZD 5.7 billion amid lower sales of preparations of milk, cereals, flour and starch (-33 percent) and meat and edible offal (-7.3 percent). Among major trading partners, shipments fell to the US, the EU, Australia, and Japan. Imports went up 11 percent to NZD 5.6 billion, due to higher purchases of vehicles, parts, and accessories (27 percent). Purchases went up mainly from China, the EU, Australia and Japan.
2021-04-28

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.