New Zealand's trade deficit widened to NZD 1,286 million in October of 2021 from NZD 470 million in the corresponding month of the previous year. Imports surged 26 percent from a year earlier to a fresh all-time high of NZD 6,640 million, led by a rise in the purchase of mechanical machinery & equipment, such as turbojets and laptops. Meanwhile, exports rose at a slower 12 percent to NZD 5,350 million mainly due to milk powder, butter, and cheese. source: Statistics New Zealand

Balance of Trade in New Zealand averaged -63.94 NZD Million from 1951 until 2021, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -2206 NZD Million in September of 2021. 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 December of 2021.

Balance of Trade in New Zealand is expected to be 343.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Balance of Trade is projected to trend around 340.00 NZD Million in 2022 and 335.00 NZD Million in 2023, according to our econometric models.

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New Zealand Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 09:45 PM Sep N$-2171M N$-2139M N$ -91M
2021-11-24 09:45 PM Oct N$-1286M N$-2206M N$-2148M
2021-12-18 09:45 PM Nov N$-1286M


Related Last Previous Unit Reference
Balance of Trade -1286.00 -2206.00 NZD Million Oct/21
Current Account -1396.00 -3189.00 NZD Million Jun/21
Current Account to GDP -2.70 -3.60 percent of GDP Dec/20
Imports 6640.00 6566.97 NZD Million Oct/21
Exports 5350.00 4396.00 NZD Million Oct/21
Terms of Trade 1536.00 1525.00 points Sep/21
Capital Flows -277.00 -1891.00 NZD Million Jun/21
Foreign Direct Investment 1717.00 2536.00 NZD Million Jun/21
Tourist Arrivals 2310.00 2676.00 Sep/21

News Stream
New Zealand Trade Gap Eases From Record High
New Zealand's trade deficit widened to NZD 1,286 million in October of 2021 from NZD 470 million in the corresponding month of the previous year. Imports surged 26 percent from a year earlier to a fresh all-time high of NZD 6,640 million, led by a rise in the purchase of mechanical machinery & equipment, such as turbojets and laptops. Meanwhile, exports rose at a slower 12 percent to NZD 5,350 million mainly due to milk powder, butter, and cheese.
2021-11-24
New Zealand Posts Record Trade Gap
New Zealand's trade deficit widened to NZD 2,171 million in September of 2021 from NZD 1,023 million in the corresponding month of the previous year. It was the largest trade deficit on record, as imports jumped 30.5 percent from a year earlier to an all-time high of NZD 6,567 million, led by a rise in imports of vehicles, parts, and accessories. Meanwhile, exports rose at a slower 9.6 percent to NZD 4,396 million mainly due to milk powder, butter, and cheese.
2021-10-26
New Zealand Posts Record Trade Deficit
New Zealand's trade deficit widened to NZD 2,144 million in August of 2021 from NZD 299 million in the corresponding month of the previous year. It was the largest trade deficit on record as imports jumped 38.4 percent from a year earlier to an all-time high of NZD 6,495 million led by a rise in imports of vehicles, parts, and accessories. Meanwhile, exports edged down 0.9% to NZD 4,351 million, as August is a typical month of lower values for dairy exports.
2021-09-23

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.