New Zealand's export prices went up 2.4 percent quarter-on-quarter in the three months to June 2020, rebounding from a 0.2 percent decrease in the previous period and compared with market expectations of a 1.6 percent drop. The increase was mainly driven by prices of dairy products (4.1 percent vs 0.8 percent in Q1), forestry (11.1 percent vs -3.3 percent) and non-fuel crude materials (9.4 percent vs -1.8 percent). On the other hand, prices of wool plunged 11 percent after a 3.6 percent decline in the prior quarter.
Export Prices in New Zealand averaged 580.08 points from 1950 until 2019, reaching an all time high of 1269 points in the fourth quarter of 2008 and a record low of 85.30 points in the first quarter of 1950. This page provides - New Zealand Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Export Prices - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics New Zealand
Export Prices in New Zealand is expected to be 1335.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Export Prices in New Zealand to stand at 1320.00 in 12 months time. In the long-term, the New Zealand Export Prices is projected to trend around 1325.00 points in 2021 and 1320.00 points in 2022, according to our econometric models.