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.