New Zealand trade surplus widened to NZD 433 million in April 2019 from NZD 200 million in the same month of the previous year and compared to market expectations of a NZD 400 million surplus. Exports jumped 11.7 percent year-on-year while imports rose 7.3 percent. The twelve-month trade balance recorded a NZD 5.5 billion gap compared to a NZD 3.8 billion shortfall a year earlier. Balance of Trade in New Zealand averaged -57.71 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 -1579.92 NZD Million in September of 2018.

Balance of Trade in New Zealand is expected to be -500.00 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 -300.00 NZD Million in 2020, according to our econometric models.

New Zealand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-26 09:45 PM Balance of Trade N$-914M N$12M N$-300M N$-120M
2019-03-25 09:45 PM Balance of Trade N$12M N$-948M N$-109M N$-100M
2019-04-25 10:45 PM Balance of Trade N$922M N$-68M N$131M N$ 200M
2019-05-23 10:45 PM Balance of Trade N$433M N$824M N$400M N$ 600M
2019-06-24 10:45 PM Balance of Trade N$433M
2019-07-24 10:45 PM Balance of Trade N$ -500M
2019-08-23 10:45 PM Balance of Trade



New Zealand Trade Surplus Widens in April

New Zealand trade surplus widened to NZD 433 million in April 2019 from NZD 200 million in the same month of the previous year and compared to market expectations of a NZD 400 million surplus. Exports jumped 11.7 percent year-on-year while imports rose 7.3 percent. The twelve-month trade balance recorded a NZD 5.5 billion gap compared to a NZD 3.8 billion shortfall a year earlier.

Exports increased 11.7 percent year-on-year to NZD 5.55 billion, after rising 16.7 percent in the previous month, mainly driven by higher sales of logs, wood & wood articles, which jumped 20.3 percent to NZD 0.48 billion. Also, sales went up for milk powder, butter & cheese (10.6 percent to NZD 1.29 billion); and fruit (11.2 percent to NZN 0.61 billion). Meanwhile, sales dropped for electrical machinery & equipment (-17.9 percent to NZN 0.08 billion) and wood pulp & waste paper (-28.6 percent to NZN 0.06 billion). 

By destination, exports climbed to South Korea (33.5 percent), China (29.3 percent), the US (18.3 percent) and Japan (8.5 percent), but fell to Australia (-3.9 percent) and the EU (-1.1 percent). 

Imports went up 7.3 percent to NZD 5.11 billion, after declining 3.5 percent in the prior month. Imports advanced mostly due to higher purchases of aircraft & parts (231.4 percent to NZN 0.19 billion); mechanical machinery & equipment (0.9 percent to NZN 0.69 billion); electrical machinery & equipment imports (22.1 percent to NZD 0.45 billion); textiles (15.4 percent to NZn 0.23 billion); and plastic & plastic articles (17.3 percent to NZN 0.20 billion). In contrast, purchases of vehicles, parts & accessories declined 21.8 percent to NZD 0.71 billion, due to an unusually high level in April 2018 when two additional vehicle carriers were unloaded, after shipment delays. 

By country of origin, imports rose from China (19.2 percent), the EU (18.8 percent), and Australia (17.8 percent), but decreased from Japan (-31.9 percent), South Korea (-13.2 percent) and the US (-6.6 percent).


Statistics New Zealand | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/24/2019 10:18:17 AM



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 433.38 823.66 1157.64 -1579.92 NZD Million [+]
Current Account -3260.00 -6175.00 1411.00 -6175.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
Imports 5114.47 4775.62 6133.86 37.85 NZD Million [+]
Exports 5547.85 5599.28 5599.28 19.68 NZD Million [+]
External Debt 278355.00 280086.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1414.00 1401.00 1472.00 796.00 Index Points [+]
Capital Flows 1382.00 -351.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment 2246.00 911.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 307400.00 378270.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 6.00 4.00 75.00 1.00 USD Million [+]
Crude Oil Production 24.00 22.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
433.38 823.66 1157.64 -1579.92 1951 - 2019 NZD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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