New Zealand's trade deficit narrowed to NZD 353 million in August of 2020 from a NZD 1642 million deficit in the same month of the previous year. Merchandise goods exports rose NZD 349 million (or 8.6 percent) to NZD 4.4 billion, whereas goods imports fell NZD 940 million (or 16 percent) to NZD 4.8 billion. The annual trade balance for the year ended August 2020 was a surplus of NZD 1340 billion and was the largest annual trade surplus since 2014.
Balance of Trade in New Zealand averaged -57.36 NZD Million from 1951 until 2020, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -1641.63 NZD Million in August of 2019. 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 September of 2020. source: Statistics New Zealand
Balance of Trade in New Zealand is expected to be 100.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in New Zealand to stand at 250.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around 100.00 NZD Million in 2021 and 200.00 NZD Million in 2022, according to our econometric models.