The trade gap in New Zealand narrowed to NZD 753 million in November of 2019 from NZD 1004 million in the same month of the previous year and compared to market expectations of a NZD 875 million deficit. Exports rose 7.6 percent year-on-year to NZD 5228 million and imports climbed 2 percent to NZD 5981 million. The twelve-month trade shortfall decreased to NZD 4816 million from NZD 5556 million a year earlier. Balance of Trade in New Zealand averaged -63.37 NZD Million from 1951 until 2019, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1641.63 NZD Million in August of 2019. source: Statistics New Zealand

Balance of Trade in New Zealand is expected to be 300.00 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 -300.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around -100.00 NZD Million in 2020, according to our econometric models.

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New Zealand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-752.57 -1039.24 1157.64 -1641.63 1951 - 2019 NZD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-24 10:45 PM Aug N$-1565M N$-700M N$-1464M N$-1390M
2019-10-22 09:45 PM Sep N$-1242M N$-1628M N$-1112M N$ -975M
2019-11-26 09:45 PM Oct N$-1013M N$-1319M N$-1621M N$ -1100M
2019-12-18 09:45 PM Nov N$-753M N$-1039M N$-0.875M N$ -900M
2020-01-29 09:45 PM Dec N$-753M N$ -100M


News Stream
2019-11-26
New Zealand Trade Deficit Narrows in October
The trade gap in New Zealand narrowed to NZD 1013 million in October of 2019 from NZD 1305 million in the same month of the previous year and compared to market expectations of a NZD 1621 million deficit. Exports rose 4.3 percent year-on-year to NZD 5035 million and imports declined 1.4 percent to NZD 6048 million. The twelve-month trade shortfall decreased to NZD 5037 million from NZD 5774 million a year earlier.

2019-10-22
New Zealand Trade Gap Narrows in September
The trade gap in New Zealand narrowed to NZD 1242 million in September of 2019 from NZD 1580 million in the same month of the previous year, as exports rose 5.1 percent to NZD 4469 million and imports declined 2.1 percent to NZD 5710 million. The twelve-month trade shortfall decreased to NZD 5,213 million from NZD 5309 million a year earlier.

2019-09-24
New Zealand Trade Deficit Narrows Slightly in August
The trade gap in New Zealand narrowed slightly to NZD 1565 million in August of 2019 from NZD 1567 million in the same month of the previous year, as exports rose 3.8 percent to NZD 4126 million and imports advanced at a softer 2.7 percent to NZD 5691 million. The twelve-month trade shortfall widened to NZD 5,484 million from NZD 4,894 million a year earlier.

2019-08-25
New Zealand Trade Deficit Widens in July
The trade gap in New Zealand rose to NZD 685 million in July of 2019 from NZD 203 million in the same month of the previous year, as exports declined 5.8 percent to NZD 5,028 million while imports advanced 3.1 percent to NZD 5,713 million. The twelve-month trade shortfall widened to NZD 5,463 million from NZD 4,501 million a year earlier.

2019-07-23
New Zealand Trade Balance Swings to Surplus
New Zealand trade balance swang to a NZD 365 million surplus in June 2019 from a NZD 285 million deficit in the same month of the previous year and compared to market expectations of a NZD 100 million surplus. Exports rose 2.8 percent year-on-year while imports declined 10.0 percent. The twelve-month trade balance recorded a NZD 4.9 billion gap compared to a NZD 4.2 billion shortfall a year earlier.

2019-06-24
New Zealand Trade Surplus Widens in May
New Zealand trade surplus widened to NZD 264 million in May 2019 from NZD 199 million in the same month of the previous year and compared to market expectations of a NZD 200 million surplus. Exports jumped 8.5 percent year-on-year to a record high and imports rose 7.6 percent. The twelve-month trade balance recorded a NZD 5.5 billion gap compared to a NZD 3.7 billion shortfall a year earlier.


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.

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -752.57 -1039.24 1157.64 -1641.63 NZD Million [+]
Current Account -6351.00 -1037.00 1737.00 -6351.00 NZD Million [+]
Current Account to GDP -3.60 -3.00 -0.10 -8.90 percent [+]
Imports 5980.60 6046.07 6133.86 37.85 NZD Million [+]
Exports 5228.03 5006.83 5742.63 19.68 NZD Million [+]
External Debt 294466.00 284710.00 294466.00 67673.00 NZD Million [+]
Terms of Trade 1462.00 1435.00 1472.00 796.00 points [+]
Capital Flows 5828.00 -291.00 7263.00 -3332.00 NZD Million [+]
Foreign Direct Investment 909.00 4526.00 4526.00 -7322.00 NZD Million [+]
Tourist Arrivals 283834.00 261770.00 529255.00 40.00 [+]
Terrorism Index 0.14 0.29 1.19 0.00 [+]
Weapons Sales 6.00 4.00 75.00 1.00 USD Million [+]
Crude Oil Production 23.00 23.00 72.00 15.00 BBL/D/1K [+]
Global Dairy Trade Price Index 2.80 -5.10 22.60 -14.00 percent [+]