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.
Terms of Trade in New Zealand averaged 1075 points from 1957 until 2019, reaching an all time high of 1498 points in the fourth quarter of 2019 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 May of 2020. source: Statistics New Zealand
Terms of Trade in New Zealand is expected to be 1398.00 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 1383.00 in 12 months time. In the long-term, the New Zealand Terms of Trade is projected to trend around 1374.00 points in 2021 and 1370.00 points in 2022, according to our econometric models.