New Zealand's trade deficit narrowed to NZD 500 million in October of 2020 from NZD 1039 million in the same month of the previous year. Imports dropped 13 percent over a year earlier, or NZD 759 million to NZD 5.3 billion, while exports declined 4.4 percent, or NZD 222 million to an over two-year low of NZD 4.8 billion. New Zealand’s annual goods trade surplus reached a 28-year high of NZD 2.2 billion in the year ended October 2020, the largest annual surplus since the July 1992 year. source: Statistics New Zealand
Balance of Trade in New Zealand averaged -59.01 NZD Million from 1951 until 2020, 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 November of 2020.
Balance of Trade in New Zealand is expected to be -1000.00 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 -10.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around -300.00 NZD Million in 2021 and 200.00 NZD Million in 2022, according to our econometric models.