New Zealand Balance of Trade  1951-2017 | Data | Chart | Calendar

New Zealand trade surplus narrowed to NZD 103 million in May of 2017 compared to NZD 343 million in the same month of the previous year and expectations of a NZD 420 million surplus. It was the third straight monthly surplus after 8 consecutive deficits, and leaves the year-to-date trade surplus at NZD 641 million (vs NZD 1261 million in the first five months of last year). Exports advanced to NZD 4952 million (or 8.7 percent year-on-year from a downwardly revised 8.6 percent in April), while imports jumped to NZD 4849 million (or 15.1 percent compared to a downwardly revised 4.7 percent). The annual trade deficit for the year ended May of 2017 widened to NZD 3.8 billion, from NZD 3.6 billion in April of 2017. Balance of Trade in New Zealand averaged -47.59 NZD Million from 1951 until 2017, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1387.99 NZD Million in September of 2016.

New Zealand Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-27 10:45 PM Mar N$332 N$-50M N$370M N$205M
2017-05-23 10:45 PM Apr N$578M N$277M N$267M N$374M
2017-06-26 10:45 PM May N$103M N$536M N$420M N$451M
2017-07-25 10:45 PM Jun N$103M
2017-08-23 10:45 PM Jul
2017-09-25 09:45 PM Aug




New Zealand Trade Surplus Narrows In May


New Zealand trade surplus narrowed to NZD 103 million in May of 2017 compared to NZD 343 million in the same month of the previous year and expectations of a NZD 420 million surplus. It was the third straight monthly surplus after 8 consecutive deficits, and leaves the year-to-date trade surplus at NZD 641 million (vs NZD 1261 million in the first five months of last year). Exports advanced to NZD 4952 million (or 8.7 percent year-on-year from a downwardly revised 8.6 percent in April), while imports jumped to NZD 4849 million (or 15.1 percent compared to a downwardly revised 4.7 percent). The annual trade deficit for the year ended May of 2017 widened to NZD 3.8 billion, from NZD 3.6 billion in April of 2017.

The 8.7 percent year-on-year jump in exports was mainly explained by a 41.8 percent surge in exports of milk powder, butter & cheese (vs 35.4 percent in the previous month). Logs, wood & wood articles climbed only 2.3 percent after advancing 17.7 percent in April. Exports to China increased at a softer pace of 16.8 percent in May after surging 22.5 percent in the previous month. Growth of exports to Korea also softened to 10 percent (vs 15.4 percent). Contrastingly, shipments to Japan grew at a faster rate, increasing by 33.8 percent (versus 12.7 percent). Exports to the United States (+2.4 percent), the European Union (+0.3 percent), and Australia (+0.1 percent) expanded modestly.

Meanwhile, the 15.1 percent year-on-year jump in imports was mainly triggered by a 70.7 percent surge in petroleum & products, following a 21.2 percent increase in the previous month. Imports of vehicles, parts, and accessories also expanded at a faster pace of 22.4 percent (vs 8.1 percent in April). Imports from Australia expanded by 23.6 percent; Japan by 14.8 percent; China by 12.7 percent; and the United States by 4.4 percent. Contrastingly, imports from the European Union edged down by 0.2 percent in May. 

Mario | mario@tradingeconomics.com
6/26/2017 11:27:04 PM



New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 103.00 536.00 1157.64 -1387.99 NZD Million [+]
Exports 4952.00 4700.00 5032.54 19.68 NZD Million [+]
Imports 4849.00 4164.00 4975.09 37.85 NZD Million [+]
Current Account 244.00 -2415.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -2.70 -3.40 -0.90 -8.90 percent [+]
External Debt 261496.00 261128.00 261496.00 67673.00 NZD Million [+]
Terms of Trade 1433.00 1363.00 1438.00 796.00 Index Points [+]
Capital Flows 1965.00 -2568.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 873.00 680.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 209170.00 311866.00 494193.00 40.00 [+]
Crude Oil Production 27.00 28.00 72.00 15.00 BBL/D/1K [+]
Weapons Sales 6.00 1.00 75.00 1.00 USD Million [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]

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



New Zealand Balance of Trade Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
103.00 536.00 1157.64 -1387.99 1951 - 2017 NZD Million Monthly



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico -1079.20 May/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17