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

New Zealand posted a NZD 1484 million trade deficit in August 2018, compared with a NZD 1174 million gap in the same month of the previous year and with market expectations of a NZD 930 million shortfall. It was the widest monthly trade deficit on record, as imports jumped 13.9 percent year-on-year to NZD 5541 million and exports rose 9.9 percent to NZD 4054 million. Balance of Trade in New Zealand averaged -53.72 NZD Million from 1951 until 2018, reaching an all time high of 1157.64 NZD Million in April of 2011 and a record low of -1483.67 NZD Million in August of 2018.

New Zealand Balance of Trade
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New Zealand Trade Deficit Hits Record High


New Zealand posted a NZD 1484 million trade deficit in August 2018, compared with a NZD 1174 million gap in the same month of the previous year and with market expectations of a NZD 930 million shortfall. It was the widest monthly trade deficit on record, as imports jumped 13.9 percent year-on-year to NZD 5541 million and exports rose 9.9 percent to NZD 4054 million.

Exports went up 9.9 percent year-on-year to NZD 4.05 billion in August from NZD 3.69 billion in the same month a year earlier, below market expectations of NZD 4.4 billion. Among main categories, sales increased driven by meat and edible offal (+42.7 percent) and logs, wood & wood articles (+18.3 percent). Oil exports (+77.6 percent), iron & steel (+22.1 percent) and wood pulp & paper (20.8 percent) also increased well above average. Among major export partners, sales to Japan (+28.0 percent), Korea (+26.6 percent), and China grew strongly (+20.4 percent). Also, exports to the United States (13.8 percent) and the European Union (+11.8 percent) rose. In contrast, sales to Australia declined 7.4 percent.

Meantime, imports jumped 13.9 percent year-on-year to NZD 5.54 billion from NZD 4.86 billion, above market consensus of NZD 5.5 billion. Among main categories, imports were mainly driven by oil (+49.5 percent). In addition, inorganic chemicals (+100.3 percent), food residues (+83.3 percent) and aircraft & parts (+37.6 percent) also expanded above average. Among top import partners, purchases were mainly driven by Japan (+34.5 percent), Korea (+27.8 percent), and the United States (+17.3 percent). Notably, imports from United Arab Emirates soared 166.1 percent to NZD 262 million. 


Mario | mario@tradingeconomics.com
9/26/2018 8:21:13 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-24 10:45 PM Balance of Trade N$-113M N$208M N$200M N$ 200M
2018-08-23 10:45 PM Balance of Trade N$-143M N$-288M N$-400M N$ 100M
2018-09-25 10:45 PM Balance of Trade N$-1484M N$-196M N$-930M N$ -1300M
2018-10-24 09:45 PM Balance of Trade N$-1484M N$ -2100M
2018-11-23 09:45 PM Balance of Trade N$ 100M
2018-12-19 09:45 PM Balance of Trade N$ -100M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -1483.67 -195.94 1157.64 -1483.67 NZD Million [+]
Exports 4054.01 5344.86 5508.34 19.68 NZD Million [+]
Imports 5537.67 5540.80 5835.58 37.85 NZD Million [+]
Current Account -1620.00 88.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
External Debt 278453.00 273275.00 278453.00 67673.00 NZD Million [+]
Terms of Trade 1452.00 1443.00 1472.00 796.00 Index Points [+]
Capital Flows -1736.00 393.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment -1510.00 486.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 246682.00 250523.00 513349.00 40.00 [+]
Terrorism Index 0.61 0.23 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 24.00 24.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1483.67 -195.94 1157.64 -1483.67 1951 - 2018 NZD Million Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan -444.59 Aug/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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