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New Zealand Posts Largest Trade Surplus on Record
New Zealand's trade surplus widened sharply to NZD 1267 million in April of 2020 from NZD 361 million in the same month of the previous year. It was the largest trade surplus on record, as imports plunge 22 percent over a year earlier to NZD 4.0 billion, the second sharpest fall since the series began in 1960, amid the COVID-19 level 4 lockdown. The largest contributor to the fall in imports was petroleum & products (-58 percent), in particular crude oil (-77 percent). Exports dropped 4 percent to NZD 5.3 billion, mainly due to log as operations were suspended during the month.
Published on 2020-05-25

New Zealand Trade Surplus Narrows in March
The trade surplus in New Zealand narrowed to NZD 672 million in March of 2020 from NZD 825 million in the same month of the previous year. Exports rose 3.8 percent year-on-year to a record high of NZD 5.81 billion driven by kiwifruit, dairy, and meat, even as the coronavirus pandemic spread around the world. Imports increased 7.7 percent to NZD 5.14 billion, boosted by higher purchases of petroleum & products and mechanical machinery & equipment. Considering the first quarter of the year, the country recorded a NZD 808 million trade surplus.
Published on 2020-04-28

New Zealand Trade Balance Switches to Surplus
The trade balance in New Zealand switched to a NZD 594 million surplus in February of 2020 from a NZD 94 million deficit in the same month of the previous year. Exports climbed 4.5 percent year-on-year to NZD 4920 million despite falls in sales of logs and fish, particularly to China, in the wake of the COVID-19 outbreak. Meanwhile, imports fell 9.9 percent to NZD 4330 million, with falls across all major categories.
Published on 2020-03-24

New Zealand Trade Deficit Narrows in January
The trade gap in New Zealand narrowed to NZD 340 million in January of 2020 from NZD 935 million in the same month of the previous year. Exports surged 8.8 percent year-on-year to NZD 4727 million, as sales to China jumped (31 percent) led by increases in dairy, meat, and logs; while imports fell 4 percent to NZD 5067 million, mainly due to lower purchases of vehicles, parts, and accessories. Trade data for January 2020 covers the period just before travel restrictions were imposed after the coronavirus outbreak in China, New Zealand's statistics department Stats NZ said.
Published on 2020-02-26

New Zealand Trade Surplus Widens in December
The trade gap in New Zealand widened to NZD 547 million in December of 2019 from NZD 9 million in the same month of the previous year. Exports rose 4.8 percent year-on-year to NZD 5544 million while imports fell 5.4 percent to NZD 4997 million. Considering 2019 as a whole, the country posted a NZD 4309 million trade shortfall, compared to a NZD 6161 million deficit a year earlier.
Published on 2020-01-29

New Zealand Trade Deficit Narrows in November
The trade gap in New Zealand narrowed to NZD 753 million in November of 2019 from NZD 1004 million in the same month of the previous year and compared to market expectations of a NZD 875 million deficit. Exports rose 7.6 percent year-on-year to NZD 5228 million and imports climbed 2 percent to NZD 5981 million. The twelve-month trade shortfall decreased to NZD 4816 million from NZD 5556 million a year earlier.
Published on 2019-12-18

New Zealand Trade Deficit Narrows in October
The trade gap in New Zealand narrowed to NZD 1013 million in October of 2019 from NZD 1305 million in the same month of the previous year and compared to market expectations of a NZD 1621 million deficit. Exports rose 4.3 percent year-on-year to NZD 5035 million and imports declined 1.4 percent to NZD 6048 million. The twelve-month trade shortfall decreased to NZD 5037 million from NZD 5774 million a year earlier.
Published on 2019-11-26

New Zealand Trade Gap Narrows in September
The trade gap in New Zealand narrowed to NZD 1242 million in September of 2019 from NZD 1580 million in the same month of the previous year, as exports rose 5.1 percent to NZD 4469 million and imports declined 2.1 percent to NZD 5710 million. The twelve-month trade shortfall decreased to NZD 5,213 million from NZD 5309 million a year earlier.
Published on 2019-10-22

New Zealand Trade Deficit Narrows Slightly in August
The trade gap in New Zealand narrowed slightly to NZD 1565 million in August of 2019 from NZD 1567 million in the same month of the previous year, as exports rose 3.8 percent to NZD 4126 million and imports advanced at a softer 2.7 percent to NZD 5691 million. The twelve-month trade shortfall widened to NZD 5,484 million from NZD 4,894 million a year earlier.
Published on 2019-09-24

New Zealand Trade Deficit Widens in July
The trade gap in New Zealand rose to NZD 685 million in July of 2019 from NZD 203 million in the same month of the previous year, as exports declined 5.8 percent to NZD 5,028 million while imports advanced 3.1 percent to NZD 5,713 million. The twelve-month trade shortfall widened to NZD 5,463 million from NZD 4,501 million a year earlier.
Published on 2019-08-25

New Zealand Trade Balance Swings to Surplus
New Zealand trade balance swang to a NZD 365 million surplus in June 2019 from a NZD 285 million deficit in the same month of the previous year and compared to market expectations of a NZD 100 million surplus. Exports rose 2.8 percent year-on-year while imports declined 10.0 percent. The twelve-month trade balance recorded a NZD 4.9 billion gap compared to a NZD 4.2 billion shortfall a year earlier.
Published on 2019-07-23

New Zealand Trade Surplus Widens in May
New Zealand trade surplus widened to NZD 264 million in May 2019 from NZD 199 million in the same month of the previous year and compared to market expectations of a NZD 200 million surplus. Exports jumped 8.5 percent year-on-year to a record high and imports rose 7.6 percent. The twelve-month trade balance recorded a NZD 5.5 billion gap compared to a NZD 3.7 billion shortfall a year earlier.
Published on 2019-06-24

New Zealand Trade Surplus Widens in April
New Zealand trade surplus widened to NZD 433 million in April 2019 from NZD 200 million in the same month of the previous year and compared to market expectations of a NZD 400 million surplus. Exports jumped 11.7 percent year-on-year while imports rose 7.3 percent. The twelve-month trade balance recorded a NZD 5.5 billion gap compared to a NZD 3.8 billion shortfall a year earlier.
Published on 2019-05-23

New Zealand Posts Second-Largest Trade Surplus on Record
New Zealand posted a trade surplus of NZD 922 million surplus in March 2019, the second-highest in the series, compared to a NZD 151 million deficit in the same month of the previous year and market expectations of a NZD 131 million surplus. Exports jumped 18.7 percent to a new series high while imports declined 3.5 percent. The twelve-month trade balance recorded a NZD 5.62 billion gap (vs a NZD 3.47 billion shortfall a year earlier).
Published on 2019-04-25

New Zealand Trade Surplus Narrows in February
New Zealand trade surplus narrowed to NZD 12 million in February 2019 from NZD 188 million in the same month of the previous year and compared to market expectations of a NZD 109 million deficit. Imports rose 12.9 percent year-on-year and exports increased at a softer 8.3 percent. The twelve-month trade balance recorded a NZD 6.62 billion gap (vs a NZD 3.06 billion shortfall a year earlier).
Published on 2019-03-25

New Zealand Trade Deficit Widens in January
New Zealand trade deficit widened to NZD 914 million in January 2019 from NZD 662 million in the same month of the previous year and compared to market expectations of a NZD 300 million shortfall. Imports rose 7.7 percent year-on-year and exports increased at a softer 3.0 percent. The twelve-month trade balance recorded a NZD 6.36 billion gap (vs a NZD 3.29 billion deficit a year earlier).
Published on 2019-02-26

New Zealand Trade Surplus Narrows in December
New Zealand trade surplus narrowed to NZD 264 million in December 2018 from NZD 614 million in the same month of the previous year and above market expectations of a NZD 225 million surplus. It was the first monthly surplus in seven months and the largest in a year, as imports rose 6.6 percent year-on-year and exports edged down 0.5 percent. The annual trade deficit widened to NZD 5.9 billion, the largest since October 2007 driven by a sharp rise in fuel and crude oil imports.
Published on 2019-01-28

New Zealand Trade Deficit Narrows in November
New Zealand trade deficit narrowed to NZD 861 million in November 2018, compared with a NZD 1,222 million gap in the same month of the previous year and with market expectations of an NZD 880 million shortfall. It was the sixth straight monthly deficit. Exports climbed 7.1 percent (vs 5.7 percent in October) to NZD 4.94 billion and imports edged down 0.6 percent to NZD 5.80 billion.
Published on 2018-12-19

New Zealand Trade Deficit Widens Sharply
New Zealand posted a NZD 1295 million trade deficit in October 2018, compared with a NZD 840 million gap in the same month of the previous year and with market expectations of an NZD 850 million shortfall. It was the fifth straight monthly deficit, as imports jumped 14.0 percent year-on-year to an all-time high of NZD 6154 million and exports rose at a softer 6.6 percent to NZD 4859 million.
Published on 2018-11-26

New Zealand Trade Deficit Largest on Record
New Zealand posted a NZD 1560 million trade deficit in September 2018, compared with a NZD 1165 million gap in the same month of the previous year and with market expectations of a NZD 1365 million shortfall. It was the widest monthly trade deficit on record, as imports jumped 18.8 percent year-on-year to an all-time high of NZD 5888 million and exports rose at a softer 14.1 percent to NZD 4328 million.
Published on 2018-10-24