New Zealand Balance of Trade  1951-2018 | Data | Chart | Calendar

New Zealand posted a NZD 294 million trade surplus in May 2018, compared with a NZD 62 million surplus in the same month of the previous year and market expectations of a NZD 100 million surplus. Exports rose 10.4 percent from the previous year to NZD 5415 billion and imports jumped 5.7 percent to NZD 5121 billion. Balance of Trade in New Zealand averaged -51.38 NZD Million from 1951 until 2018, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1387.99 NZD Million in September of 2016.

New Zealand Balance of Trade
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New Zealand Trade Surplus Widens in May


New Zealand posted a NZD 294 million trade surplus in May 2018, compared with a NZD 62 million surplus in the same month of the previous year and market expectations of a NZD 100 million surplus. Exports rose 10.4 percent from the previous year to NZD 5415 billion and imports jumped 5.7 percent to NZD 5121 billion.

Exports rose 10.4 percent from the previous year to NZD 5415 billion in May of 2018 compared to a downwardly revised 5.3 percent climb in the previous month. It was the second highest growth rate in five months. Faster growth against April was mainly explained by meat and edible offal (+17.2 percent vs +15.0 percent) and logs, wood & wood articles lost steam (+26.1 percent vs +2.2 percent). Among major export partners, sales in China rose further (+27.3 vs +21.5 percent). In contrast, exports to the European Union lost steam (+16.7 percent vs +24.7 percent). Meantime, sales to Australia rebounded (+12.3 percent vs -4.0 percent), while exports to the United States declined 0.6 percent after a 2.2 percent slip.

Imports climbed 5.7 percent year-on-year to NZD 5121 billion in May of 2018, compared to a downwardly revised 14.5 percent jump in the previous month. Slower growth was mainly explained by aircrafts and parts (+40.0 percent vs +113.6 percent in April) and a plunge in oil & products (-30.1 percent vs +55.6 percent). In contrast, the growth clip of vehicles, parts & accessories edged up (+25.1 percent vs +24.5 percent). Among top import partners, purchases rose at a slower rate from Japan (+18.8 percent vs +47.0 percent). In contrast, imports from China rebounded 11.0 percent after edging down 0.3 percent.


Mario | mario@tradingeconomics.com
6/26/2018 11:41:57 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-26 10:45 PM Balance of Trade N$-86M N$172M N$270M N$115M
2018-05-23 10:45 PM Balance of Trade N$263M N$-156M N$200M N$ 470M
2018-06-26 10:45 PM Balance of Trade N$294M N$193M N$100M N$ -120M
2018-07-24 10:45 PM Balance of Trade N$294M N$ 200M
2018-08-23 10:45 PM Balance of Trade N$ 100M
2018-09-25 09:45 PM Balance of Trade N$ -1100M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 294.00 193.00 1157.64 -1387.99 NZD Million [+]
Exports 5415.00 4961.00 5508.34 19.68 NZD Million [+]
Imports 5121.00 4768.00 5835.58 37.85 NZD Million [+]
Current Account 180.00 -2745.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.70 -3.40 -0.90 -8.90 percent [+]
External Debt 273275.00 270566.00 273275.00 67673.00 NZD Million [+]
Terms of Trade 1445.00 1472.00 1472.00 796.00 Index Points [+]
Capital Flows 105.00 1479.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 122.00 3167.00 3167.00 -7322.00 NZD Million [+]
Tourist Arrivals 222079.00 283910.00 513349.00 40.00 [+]
Terrorism Index 0.61 0.23 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 23.00 27.00 72.00 15.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
294.00 193.00 1157.64 -1387.99 1951 - 2018 NZD Million Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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