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. Balance of Trade in New Zealand averaged -57.83 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 -1575.00 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 200.00 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.