New Zealand Balance of Trade  1951-2018 | Data | Chart | Calendar

New Zealand’s trade balance switched to a NZD 640 million surplus in December of 2017 compared to a NZD 1 million deficit in the same month of the previous year and expectations of a NZD 125 million gap. It was the highest surplus on record for December, as both exports (+25.7 percent year-on-year) and imports (+11.2 percent) reached new highs. For the whole 2017, there was an annual trade deficit of NZD 2.8 billion, down from NZD 3.1 billion for 2016. Balance of Trade in New Zealand averaged -51.50 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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New Zealand Exports and Imports Book Fresh Records


New Zealand’s trade balance switched to a NZD 640 million surplus in December of 2017 compared to a NZD 1 million deficit in the same month of the previous year and expectations of a NZD 125 million gap. It was the highest surplus on record for December, as both exports (+25.7 percent year-on-year) and imports (+11.2 percent) reached new highs.

Exports surged 25.7 percent year-on-year to 5,551 NZD million, gaining steam after a downwardly revised 19.0 percent increase in November and nudged mainly by milk powder, butter & cheese (+30.3 percent vs +21.7 percent in November), offsetting a lower rate of growth in meat & edible offal (+46.6 percent vs +47.2 percent) and logs, woods & wood articles (+27.4 percent vs 50.5 percent). In addition, crude oil rebounded a sharp 109.4 percent following a 70.0 percent decline in the previous month. Aluminum (+83.4 percent vs -47.6 percent) and fruit (+19.8 percent vs -27.7 percent) also rebounded sharply. By destination, exports were nudged by Japan (+42.7 percent), China (+28.4), the European Union (+17.9), and the United States (+17.9 percent).

Imports increased by 11.2 percent year-on-year to 4,911 NZD million, losing momentum after a 27.1 percent climb in the previous month. Purchases of aircraft & parts declined a sharp 32.5 percent, while vehicles, part & accessories fell 3.9 percent. In contrast, imports of plastic & plastic articles jumped by 22.2 percent and those of mechanical machinery & equipment by 21.1 percent. By country of origin, imports from the United States rose by a sharp 94.7 percent after only climbing 11.3 percent in the previous month. Imports from the Thailand surged by 29.4 percent, while those from the European Union and China climbed by 18.6 percent and 9.4 percent. In contrast, purchases from Japan declined by 5.5 percent.

For the whole 2017, there was an annual trade deficit of NZD 2.8 billion, down from NZD 3.1 billion for 2016.


Mario | mario@tradingeconomics.com
1/29/2018 10:42:20 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-23 09:45 PM Balance of Trade N$-871M N$-1143M N$-750M N$-890M
2017-12-19 09:45 PM Balance of Trade N$-1193M N$-843M N$-550M N$-640M
2018-01-29 09:45 PM Balance of Trade N$640M N$-1233M N$-125M N$-174M
2018-02-26 09:45 PM Balance of Trade N$640M N$ 438.3M
2018-03-25 09:45 PM Balance of Trade N$ 598.2M
2018-04-26 10:45 PM Balance of Trade N$ 952M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 640.00 -1233.00 1157.64 -1387.99 NZD Million [+]
Exports 5550.00 4606.00 5550.00 19.68 NZD Million [+]
Imports 4911.00 5839.00 5839.00 37.85 NZD Million [+]
Current Account -4680.00 -514.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.70 -3.40 -0.90 -8.90 percent [+]
External Debt 270567.00 263282.00 270567.00 67673.00 NZD Million [+]
Terms of Trade 1446.00 1435.00 1446.00 796.00 Index Points [+]
Capital Flows 2146.00 705.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment -679.00 1609.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 513349.00 360136.00 513349.00 40.00 [+]
Terrorism Index 0.61 0.23 1.19 0.00 [+]
Weapons Sales 6.00 1.00 75.00 1.00 USD Million [+]
Crude Oil Production 32.00 32.00 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
640.00 -1233.00 1157.64 -1387.99 1951 - 2017 NZD Million Monthly




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -2050000.00 Dec/17
Switzerland 1323.45 Jan/18
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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