New Zealand recorded a trade deficit of NZD 701 million in June of 2022, switching from a USD 245 million surplus in the corresponding month of 2021. Exports rose 7.7 percent to NZD 6.4 billion amid higher sales of meat and edible offal (19 percent) and milk powder, butter, and cheese (7.1 percent). Among major trading partners, shipments increased to the US (22 percent), the EU (28 percent), and Japan (24 percent), while they fell to China (6 percent). Meantime, imports went up 25 percent to a record NZD 7.1 billion due to higher purchases of petroleum and products (206 percent) and mechanical machinery and equipment (16 percent). Imports increased mainly from China (12 percent) and the EU (11 percent). source: Statistics New Zealand

Balance of Trade in New Zealand averaged -68.56 NZD Million from 1951 until 2022, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -2166.03 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 August of 2022.

Balance of Trade in New Zealand is expected to be -94.00 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 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
2022-06-21 10:45 PM May NZ$263M NZ$440M NZ$328M
2022-07-20 10:45 PM Jun NZ$-701M NZ$195M NZ$398M
2022-08-18 10:45 PM Jul NZ$-701M


Related Last Previous Unit Reference
Balance of Trade -701.00 195.00 NZD Million Jun 2022
Current Account -6143.00 -7340.00 NZD Million Mar 2022
Current Account to GDP -2.70 -3.60 percent of GDP Dec 2020
Imports 7120.00 6680.00 NZD Million Jun 2022
Exports 6420.00 6952.18 NZD Million Jun 2022
Terms of Trade 1526.00 1517.00 points Mar 2022
Foreign Direct Investment 2453.00 2508.00 NZD Million Mar 2022
Capital Flows 4373.00 6785.00 NZD Million Mar 2022
Tourist Arrivals 72755.00 54303.00 May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-701.00 195.00 1350.34 -2166.03 1951 - 2022 NZD Million Monthly

News Stream
New Zealand Trade Balance Switches to Deficit in June
New Zealand recorded a trade deficit of NZD 701 million in June of 2022, switching from a USD 245 million surplus in the corresponding month of 2021. Exports rose 7.7 percent to NZD 6.4 billion amid higher sales of meat and edible offal (19 percent) and milk powder, butter, and cheese (7.1 percent). Among major trading partners, shipments increased to the US (22 percent), the EU (28 percent), and Japan (24 percent), while they fell to China (6 percent). Meantime, imports went up 25 percent to a record NZD 7.1 billion due to higher purchases of petroleum and products (206 percent) and mechanical machinery and equipment (16 percent). Imports increased mainly from China (12 percent) and the EU (11 percent).
2022-07-20
New Zealand Trade Surplus Narrows in May
New Zealand's trade surplus narrowed to NZD 263 million in May of 2022 from NZD 497 million in the corresponding month of the previous year. Imports surged 24 percent yar-on-year to NZD 6.7 billion, amid higher purchases of petroleum and products (+39 percent); mechanical machinery and equipment (+15 percent); and fertilizers (+355 percent). Imports rose from all top partners, namely China (25 percent); the EU (12 percent); Australia (18 percent); the US (5.5 percent) and Japan (41 percent). Meanwhile, exports rose at a softer 18 percent on year to NZD 7 billion, lifted by increased sales of meat and edible offal (+27 percent), milk powder, butter, and cheese (11 percent); fruit (+23 percent) and crude oil (+100 percent). Sales increased to almost all top destinations, namely Australia (49 percent), the US (18 percent) the EU (23 percent), and Japan (0.7 percent) but declined to China (-3.8 percent).
2022-06-21
New Zealand Trade Surplus Widens in April
New Zealand's trade surplus widened to NZD 584 million in April of 2022 from NZD 397 million in the corresponding month of the previous year. Imports climbed 15 percent year-on-year to NZD 5,730 million, led by purchases of pharmaceutical products (92 percent), mechanical machinery and equipment (15 percent); food residues, wastes, and fodder (91 percent), and other chemical products (159 percent). Imports went up from all top partners, namely China (8.9%); the EU (18%); Australia (44%); the US (29%) and Japan (0.5%). Meanwhile, exports advanced by a faster 17 percent to NZD 6,310 million, mainly driven by sales of milk powder, butter, and cheese (30%); and meat and edible offal (16%). Exports increased to Australia (4.9%), the US (26%) the EU (26%), and Japan (58%) but declined to China (-1.8%).
2022-05-19