New Zealand trade balance swang to a NZD 922 million surplus in March 2019 from a NZD 151 million deficit in the same month of the previous year and compared to market expectations of a NZD 131 million surplus. Imports declined 3.5 percent year-on-year and exports jumped 18.7 percent to a new series high. The twelve-month trade balance recorded a NZD 5.62 billion gap (vs a NZD 3.47 billion shortfall a year earlier). Balance of Trade in New Zealand averaged -58.21 NZD Million from 1951 until 2019, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1579.92 NZD Million in September of 2018.

Balance of Trade in New Zealand is expected to be -500.00 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 300.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around -300.00 NZD Million in 2020, according to our econometric models.

New Zealand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-28 09:45 PM Balance of Trade N$264M N$-955M N$225M N$-400M
2019-02-26 09:45 PM Balance of Trade N$-914M N$12M N$-300M N$-120M
2019-03-25 09:45 PM Balance of Trade N$12M N$-948M N$-109M N$-100M
2019-04-25 10:45 PM Balance of Trade N$922M N$-68M N$131M N$ 200M
2019-05-23 10:45 PM Balance of Trade N$922M
2019-06-24 10:45 PM Balance of Trade
2019-07-24 10:45 PM Balance of Trade N$ -500M



New Zealand Trade Balance Swings to Surplus

New Zealand´s trade balance swang to a NZD 922 million surplus in March 2019 from a NZD 151 million deficit in the same month of the previous year and compared to market expectations of a NZD 131 million surplus. Imports declined 3.5 percent year-on-year and exports jumped 18.7 percent to a new series high. The twelve-month trade balance recorded a NZD 5.62 billion gap (vs a NZD 3.47 billion shortfall a year earlier).

Exports surged 18.7 percent year-on-year to a record NZD 5.70 billion, after rising 5.9 percent in the previous month. It was the highest growth rate since December 2017, as sales were mostly boosted by higher sales of milk powder, butter & cheese category, which jumped 22.3 percent to NZD 1447 million. Also, sales of meat and edible offal climbed 29.5 percent to NZD 902 million and exports of fruit surged 41.9 percent to NZD 214 million. On the other hand, exports of electrical machinery and equipment decreased 15.3 percent to NZD 100 million and sales of crude oil plummeted 92.6 percent to NZD 2 million. By destination, exports went up to China (+52.1 percent), the US (+16.6 percent), Australia (+7.7 percent), the EU (+7.4 percent), and Japan (+4.7 percent).

Imports declined 3.5 percent year-on-year to NZD 4.77 billion, after increasing 12.2 percent in the prior month. Imports were mainly dragged by a 20.1 percent fall to NZD 516 million in purchases of petroleum and products, with petrol & diesel falling 35 percent. Also, purchases of vehicles, parts & accessories dropped 10.7 percent to NZD 717 million. In contrast, electrical machinery and equipment imports were up NZD 44 million (or 12 percent) to  NZD 406 million. By country of origin, purchases were mainly dragged by a 17.0 percent decline from the United States and a 3.0 percent fall from the EU.


Mario | mario@tradingeconomics.com
4/25/2019 11:05:43 PM


News

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 2019-03-26

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.
Published on 2019-02-27

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. 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 2019-01-29

New Zealand Trade Deficit Narrows in November
New Zealand's 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.
Published on 2018-12-20



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 922.00 -68.00 1157.64 -1579.92 NZD Million [+]
Current Account -3260.00 -6175.00 1411.00 -6175.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
Imports 4773.00 4776.00 6133.86 37.85 NZD Million [+]
Exports 5696.00 4708.00 5696.00 19.68 NZD Million [+]
External Debt 278355.00 280086.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1403.00 1447.00 1472.00 796.00 Index Points [+]
Capital Flows 1382.00 -351.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment 2246.00 911.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 417934.00 399346.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 23.00 21.00 72.00 15.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
922.00 -68.00 1157.64 -1579.92 1951 - 2019 NZD Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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