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. source: Statistics New Zealand

Balance of Trade in New Zealand averaged -59.01 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 November of 2020.

Balance of Trade in New Zealand is expected to be -1000.00 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 -10.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around -300.00 NZD Million in 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
-500.73 -1025.18 1350.34 -1641.63 1951 - 2020 NZD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-25 10:45 PM Jul N$282M N$475M N$ 100M
2020-09-23 10:45 PM Aug N$-353M N$447M N$ -100M
2020-10-26 09:45 PM Sep N$-1017M N$-282M N$ -800M
2020-11-25 09:45 PM Oct N$-0.5B N$-1025M N$-2700M
2020-12-18 09:45 PM Nov N$-0.5B
2021-01-29 09:45 PM Dec N$ 150M
2021-02-26 09:45 PM Jan
2021-03-24 09:45 PM Feb


News Stream
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 Trade Deficit Narrows in September
New Zealand's trade deficit narrowed to NZD 1017 million in September of 2020 from NZD 1310 million in the same month of the previous year. Imports dropped 11.4 percent over a year earlier, or NZD 643 million to NZD 5.0 billion, while exports declined 8 percent, or NZD 350 million to an over two-year low of NZD 4.0 billion. The country posted a NZD 1.7 billion annual goods trade surplus for the September 2020 year. Considering the third quarter of the year, New Zealand posted a trade shortfall of NZD 0.8 billion, compared to a NZD 3.1 billion surplus in the previous period.
2020-10-26
New Zealand Post Smallest Trade Gap in Over a Year
New Zealand's trade deficit narrowed to NZD 353 million in August of 2020 from NZD 1642 million in the same month of the previous year. It was the smallest trade gap since February last year, as imports dropped by NZD 940 million (or 16 percent) to NZD 4.8 billion while exports rose by NZD 349 million (or 8.6 percent) to NZD 4.4 billion. The country posted a NZD 1340 billion annual goods trade surplus for the August 2020 year, the largest annual trade surplus since 2014.
2020-09-23
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 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.