New Zealand recorded a trade deficit of NZD 626 million in January of 2021, wider than NZD 396 million in the same month of the previous year and the fifth straight gap for a January. The fall in exports of NZD 486 million was the largest year-on-year fall since March of 2016, while goods imports declined NZD 256 million (5.0 percent) to NZD 4.8 billion. source: Statistics New Zealand

Balance of Trade in New Zealand averaged -59.08 NZD Million from 1951 until 2021, 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 March of 2021.

Balance of Trade in New Zealand is expected to be 210.00 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 100.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around 300.00 NZD Million in 2022 and 200.00 NZD Million in 2023, according to our econometric models.

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New Zealand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-626.00 69.00 1350.34 -1641.63 1951 - 2021 NZD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 09:45 PM Oct N$-0.5B N$-1025M N$-2700M
2020-12-17 09:45 PM Nov N$252M N$-472M N$-620M
2021-01-27 09:45 PM Dec N$17M N$290M N$ 150M
2021-02-25 09:45 PM Jan N$-626M N$69M N$-800M
2021-03-23 09:45 PM Feb N$-626M
2021-04-28 10:45 PM Mar N$ 210M
2021-05-25 10:45 PM Apr
2021-06-24 10:45 PM May


News Stream
New Zealand Trade Deficit Widens
New Zealand recorded a trade deficit of NZD 626 million in January of 2021, wider than NZD 396 million in the same month of the previous year and the fifth straight gap for a January. The fall in exports of NZD 486 million was the largest year-on-year fall in exports since March of 2016, while goods imports declined NZD 256 million (5.0 percent) to NZD 4.8 billion.
2021-02-25
New Zealand Trade Surplus Narrows Sharply
New Zealand trade surplus declined to NZD 17 million in December of 2020 from NZD 380 million in the same month of the previous year. Goods exports fell NZD 149 million (or 2.7 percent) to NZD 5.3 billion, dragged by milk powder, butter & cheese and crude oil. Meanwhile goods imports rose NZD 213 million (or 4.2 percent) to NZD 5.3 billion. The quarterly trade balance was a surplus of NZD 412 million.
2021-01-27
New Zealand Trade Balance Swings to Surplus
New Zealand's trade balance swung to a NZD 252 million surplus in November of 2020 from a NZD 787 million in the same month of the previous year. Goods exports dropped 0.2 percent to NZD 5.2 billion, while imports fell 17 percent or NZD 1.1 billion to NZD 5.0 billion. The annual goods trade balance was a surplus of NZD 3.3 billion, compared to a deficit of NZD 4.8 billion in the year ended November 2019.
2020-12-17
New Zealand Trade Deficit Narrows
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.
2020-11-25

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.