New Zealand's trade deficit widened to NZD 584 million in April of 2022 from NZD 397 million in the corresponding month of the previous year. Imports climbed 15 percent year-on-year to NZD 5,730 million, led by purchases of pharmaceutical products (92 percent), mechanical machinery and equipment (15 percent); food residues, wastes, and fodder (91 percent), and other chemical products (159 percent). Imports went up from all top partners, namely China (8.9%); the EU (18%); Australia (44%); the US (29%) and Japan (0.5%). Meanwhile, exports advanced by 17 percent to a lower NZD 6,310 million, mainly driven by sales of milk powder, butter, and cheese (30%); and meat and edible offal (16%). Exports increased to Australia (4.9%), the US (26%) the EU (26%), and Japan (58%) but declined to China (-1.8%). source: Statistics New Zealand
Balance of Trade in New Zealand averaged -67.96 NZD Million from 1951 until 2022, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -2166.03 NZD Million in September of 2021. 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 May of 2022.
Balance of Trade in New Zealand is expected to be 398.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Balance of Trade is projected to trend around 335.00 NZD Million in 2023, according to our econometric models.