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. source: Statistics New Zealand
Balance of Trade in New Zealand averaged -58.69 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 May of 2021.
Balance of Trade in New Zealand is expected to be 210.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in New Zealand to stand at 100.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around 300.00 NZD Million in 2022 and 200.00 NZD Million in 2023, according to our econometric models.