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.

Balance of Trade in New Zealand averaged -60 NZD Million from 1951 until 2020, reaching an all time high of 1267.31 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 May of 2020. source: Statistics New Zealand

Balance of Trade in New Zealand is expected to be -600.00 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 200.00 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
1267.31 722.45 1267.31 -1641.63 1951 - 2020 NZD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-26 09:45 PM Jan N$-340M N$384M N$ -800M
2020-03-24 09:45 PM Feb N$594M N$-414M N$ -500M
2020-04-28 10:45 PM Mar N$672M N$531M N$ 300M
2020-05-25 10:45 PM Apr N$1267M N$722M N$ 700M
2020-06-24 10:45 PM May N$1267M
2020-07-23 10:45 PM Jun N$ -600M
2020-08-25 10:45 PM Jul
2020-09-24 10:45 PM Aug


News Stream
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 Trade Surplus Narrows in March
The trade surplus in New Zealand narrowed to NZD 672 million in March of 2020 from NZD 825 million in the same month of the previous year. Exports rose 3.8 percent year-on-year to a record high of NZD 5.81 billion driven by kiwifruit, dairy, and meat, even as the coronavirus pandemic spread around the world. Imports increased 7.7 percent to NZD 5.14 billion, boosted by higher purchases of petroleum & products and mechanical machinery & equipment. Considering the first quarter of the year, the country recorded a NZD 808 million trade surplus.
2020-04-28
New Zealand Trade Balance Switches to Surplus
The trade balance in New Zealand switched to a NZD 594 million surplus in February of 2020 from a NZD 94 million deficit in the same month of the previous year. Exports climbed 4.5 percent year-on-year to NZD 4920 million despite falls in sales of logs and fish, particularly to China, in the wake of the COVID-19 outbreak. Meanwhile, imports fell 9.9 percent to NZD 4330 million, with falls across all major categories.
2020-03-24
New Zealand Trade Deficit Narrows in January
The trade gap in New Zealand narrowed to NZD 340 million in January of 2020 from NZD 935 million in the same month of the previous year. Exports surged 8.8 percent year-on-year to NZD 4727 million, as sales to China jumped (31 percent) led by increases in dairy, meat, and logs; while imports fell 4 percent to NZD 5067 million, mainly due to lower purchases of vehicles, parts, and accessories. Trade data for January 2020 covers the period just before travel restrictions were imposed after the coronavirus outbreak in China, New Zealand's statistics department Stats NZ said.
2020-02-26

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.