New Zealand's trade balance swung to a NZD 282 million surplus in July of 2020 from a NZD 732 million deficit in the same month of the previous year. Merchandise goods imports fell by NZD 1.0 billion, or 18 percent to NZD 4.6 billion, while exports declined by NZD 9.8 million, 0.2 percent to NZD 4.9 billion. The annual trade balance for the year ended July 2020 was a deficit of NZD 115 million, the smallest annual trade shortfall since the October 2014 year.

Balance of Trade in New Zealand averaged -57.20 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 September of 2020. source: Statistics New Zealand

Balance of Trade in New Zealand is expected to be 100.00 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 250.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around 100.00 NZD Million in 2021 and 200.00 NZD Million in 2022, according to our econometric models.

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New Zealand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
281.92 474.78 1350.34 -1641.63 1951 - 2020 NZD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-25 10:45 PM Apr N$1267M N$722M N$ 700M
2020-06-24 10:45 PM May N$1253M N$1339M N$ 1000M
2020-07-23 10:45 PM Jun N$426M N$1286M N$ 1200M
2020-08-25 10:45 PM Jul N$282M N$475M N$ 100M
2020-09-23 10:45 PM Aug N$282M N$ -100M
2020-10-22 09:45 PM Sep N$ 100M
2020-11-26 09:45 PM Oct
2020-12-18 09:45 PM Nov


News Stream
New Zealand Trade Balance Swings to Surplus
New Zealand's trade balance swung to a NZD 282 million surplus in July of 2020 from a NZD 732 million deficit in the same month of the previous year. Merchandise goods imports fell by NZD 1.0 billion, or 18 percent to NZD 4.6 billion, while exports declined by NZD 9.8 million, 0.2 percent to NZD 4.9 billion. The annual trade balance for the year ended July 2020 was a deficit of NZD 115 million, the smallest annual trade shortfall since the October 2014 year.
2020-08-25
New Zealand Trade Surplus Widens
New Zealand's trade surplus widened to NZD 426 million in June of 2020 from NZD 330 million in the same month of the previous year. Exports increased NZD 107 million (or 2.2 percent) to NZD 5.1 billion, led by a 7.9 percent jump in sales of milk powder, butter and cheese. Meanwhile, imports were little changed (up 0.2 percent or NZD 11 million) to NZD 4.6 billion. The response to the pandemic was visible in the data, as NZD 44 million worth of face masks were exported (up 146 percent), whereas imports of pharmaceutical products climbed by NZD 35 million (or 36 percent).
2020-07-24
New Zealand Trade Surplus Widens Sharply
New Zealand's trade surplus widened sharply to NZD 1253 million in May of 2020 from NZD 175 million in the same month of the previous year. Imports plunged 25.6 percent over a year earlier to NZD 4.1 billion, amid the COVID-19 crisis. Meanwhile, exports dropped 6.1 percent to NZD 5.5 billion, with logs (-12.3 percent) as the major contributor to the fall. The response to the pandemic was visible in the data, as NZD 90 million worth of face masks were imported (from NZD 64 million in April), while exports of respiration equipment increased by NZD 49 million or 112%.
2020-06-24
New Zealand Posts Largest Trade Surplus on Record
New Zealand's trade surplus widened sharply to NZD 1267 million in April of 2020 from NZD 361 million in the same month of the previous year. It was the largest trade surplus on record, as imports plunge 22 percent over a year earlier to NZD 4.0 billion, the second sharpest fall since the series began in 1960, amid the COVID-19 level 4 lockdown. The largest contributor to the fall in imports was petroleum & products (-58 percent), in particular crude oil (-77 percent). Exports dropped 4 percent to NZD 5.3 billion, mainly due to log as operations were suspended during the month.
2020-05-25

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.