The terms of trade in New Zealand rose 1.0 percent on quarter in the first three months of 2019, rebounding from an upwardly revised 3.2 percent decrease in the previous period and matching market expectations. Export prices declined 2.6 percent (vs -1.7 percent in Q4), of which dairy products (-7.5 percent vs -5.7 percent), fish (-2.6 percent vs 2.3 percent), food & beverages (-3.4 percent vs -2.7 percent) and aluminium (-8.2 percent vs -5.1 percent). Meantime, import prices dropped 3.5 percent (vs +1.5 percent in Q4), namely petroleum products (-20.3 percent vs 7.6 percent in Q4). Terms of Trade in New Zealand averaged 1070.30 Index Points from 1957 until 2019, reaching an all time high of 1472 Index Points in the fourth quarter of 2017 and a record low of 796 Index Points in the fourth quarter of 1975.

New Zealand Terms of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-02 10:45 PM Terms of Trade QoQ 0.6% -2% 1%
2018-12-02 09:45 PM Terms of Trade QoQ -0.3% 0.4% 0.1%
2019-02-28 09:45 PM Terms of Trade QoQ -3% -0.1% -1% -0.9%
2019-06-03 10:45 PM Terms of Trade QoQ 1% -3.2% 1%


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 264.00 383.00 1157.64 -1579.92 NZD Million [+]
Current Account 680.00 -3260.00 1411.00 -6175.00 NZD Million [+]
Current Account to GDP -3.60 -3.00 -0.10 -8.90 percent [+]
Imports 5541.00 5122.00 6133.86 37.85 NZD Million [+]
Exports 5805.00 5504.00 5805.00 19.68 NZD Million [+]
External Debt 278611.00 278355.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1414.00 1401.00 1472.00 796.00 Index Points [+]
Capital Flows 725.00 1382.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment -512.00 2246.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 219331.00 307409.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 6.00 4.00 75.00 1.00 USD Million [+]
Crude Oil Production 27.00 24.00 72.00 15.00 BBL/D/1K [+]
Global Dairy Trade Price Index 2.70 -0.40 22.60 -14.00 percent [+]

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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. This page provides - New Zealand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Terms of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1414.00 1401.00 1472.00 796.00 1957 - 2019 Index Points Quarterly
NSA, 2002Q2=1000




Country Last Previous
Argentina 130.10 Mar/19
Australia 97.40 Mar/19
Brazil 108.18 Apr/19
Canada 93.20 May/19
China 101.86 Apr/19
France 114.38 Apr/19
Germany 99.71 May/19
India 73.30 Dec/18
Indonesia 107.22 May/19
Italy 101.70 Apr/19
Japan 97.70 Jun/19
Mexico 49.33 May/19
Netherlands 99.70 Apr/19
Singapore 98.60 May/19
South Africa 107.10 Mar/19
South Korea 90.80 May/19
Spain 99.70 Apr/19
Switzerland 117.14 May/19
Turkey 101.32 May/19
United States 105.85 Mar/19


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