The merchandise terms of trade in New Zealand rebounded 2.5 percent on quarter in the three months to June 2020, following a downwardly revised 0.6 percent decline in the previous period and above market expectations of a 0.9 percent rise. Export prices increased 2.4 percent, rebounding from a 0.2 percent fall in the prior period, while import prices dropped 0.1 percent after rising 0.5 percent in the first quarter of the year.

Terms of Trade in New Zealand averaged 1078.43 points from 1957 until 2020, reaching an all time high of 1528 points in the second quarter of 2020 and a record low of 796 points in the fourth quarter of 1975. This page provides - New Zealand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Terms of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics New Zealand

Terms of Trade in New Zealand is expected to be 156.87 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in New Zealand to stand at 154.39 in 12 months time. In the long-term, the New Zealand Terms of Trade is projected to trend around 154.25 points in 2021 and 152.95 points in 2022, according to our econometric models.

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New Zealand Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1528.00 1491.00 1528.00 796.00 1957 - 2020 points Quarterly
NSA, 2002Q2=1000


Calendar GMT Actual Previous Consensus TEForecast
2019-12-01 09:45 PM Q3 1.9% 1.4% 0.7% 0.9%
2020-03-01 09:45 PM Q4 2.6% 1.7% 0.8% 1%
2020-06-01 10:45 PM Q1 -0.7% 2.7% 1.3% 1%
2020-09-01 10:45 PM Q2 2.5% -0.6% 0.9% 0.3%
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News Stream
New Zealand Terms of Trade Rises More than Expected in Q2
The merchandise terms of trade in New Zealand rebounded 2.5 percent on quarter in the three months to June 2020, following a downwardly revised 0.6 percent decline in the previous period and above market expectations of a 0.9 percent rise. Export prices increased 2.4 percent, rebounding from a 0.2 percent fall in the prior period, while import prices dropped 0.1 percent after rising 0.5 percent in the first quarter of the year.
2020-09-01
New Zealand Terms of Trade Unexpectedly Drop in Q1
The merchandise terms of trade in New Zealand declined 0.7 percent on quarter to an in the three months to March 2020, following an upwardly revised 2.7 percent growth in the previous period and missing market expectations of a 1.3 percent rise. It was the first decrease in a year, as export prices dropped 0.2 percent after jumping 3 percent in the prior period, while import prices advanced 0.5 percent, faster than a 0.3 percent increase in Q4 2019.
2020-06-01
New Zealand Terms of Trade Hit Record High
The merchandise terms of trade in New Zealand increased 2.6 percent on quarter to an all-time high in the three months to December 2019, following a revised 1.7 percent growth in the previous period and beating market expectations of 0.8 percent. Export prices rose 3.0 percent on the back of meat and wood costs, while import prices advanced only 0.3 percent.
2020-03-01
New Zealand Terms of Trade Rise More than Expected
New Zealand's terms of trade increased 1.9 percent on quarter in the three months to September 2019, following a 1.4 percent rise in the prior period and beating market expectations of a 0.7 percent gain. Export prices went up 1.9 percent to its highest in over 10 years (vs 3.2 percent in Q2), as cost of meat advanced 4.8 percent boosted by lamb (6 percent) and beef (5.4 percent), which hit their highest level on record. Also, prices rose at a faster pace for dairy product (8.9 percent), namely milk powder (9.6 percent), butter (7.3 percent), and cheese (6.2 percent). Meantime, import prices were flat (vs 2.4 percent in Q2), as a fall in fuel import prices (-1.1 percent) and non-fuel crude materials (-3.3 percent) was offset by an increase in cost of food and beverages (0.1 percent) and textiles, clothing and footwear (3.1 percent). Year-on-year, terms of trade dropped 2.3 percent in the third quarter of 2019, as exports increased 3.6 percent and imports advanced at a faster 6 percent.
2019-12-01

New Zealand Terms of Trade
In New Zealand, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.