New Zealand's trade surplus narrowed to NZD 33 million in March of 2021 from NZD 726 million in the same month a year earlier. Exports dropped 2.3 percent to NZD 5.7 billion amid lower sales of preparations of milk, cereals, flour and starch (-33 percent) and meat and edible offal (-7.3 percent). Among major trading partners, shipments fell to the US, the EU, Australia, and Japan. Imports went up 11 percent to NZD 5.6 billion, due to higher purchases of vehicles, parts, and accessories (27 percent). Purchases went up mainly from China, the EU, Australia and Japan. source: Statistics New Zealand

Balance of Trade in New Zealand averaged -58.69 NZD Million from 1951 until 2021, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -1641.63 NZD Million in August of 2019. 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 2021.

Balance of Trade in New Zealand is expected to be 210.00 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 100.00 in 12 months time. In the long-term, the New Zealand Balance of Trade is projected to trend around 300.00 NZD Million in 2022 and 200.00 NZD Million in 2023, according to our econometric models.

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New Zealand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
32.66 201.23 1350.34 -1641.63 1951 - 2021 NZD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 09:45 PM Dec N$17M N$290M N$ 150M
2021-02-25 09:45 PM Jan N$-626M N$69M N$-800M
2021-03-23 09:45 PM Feb N$181M N$-647M N$400M
2021-04-28 10:45 PM Mar N$33M N$201M N$ 210M
2021-05-25 10:45 PM Apr N$33M N$-100M
2021-06-24 10:45 PM May
2021-07-25 10:45 PM Jun N$ 700M
2021-08-24 10:45 PM Jul


News Stream
New Zealand Trade Surplus Narrows Sharply in March
New Zealand's trade surplus narrowed to NZD 33 million in March of 2021 from NZD 726 million in the same month a year earlier. Exports dropped 2.3 percent to NZD 5.7 billion amid lower sales of preparations of milk, cereals, flour and starch (-33 percent) and meat and edible offal (-7.3 percent). Among major trading partners, shipments fell to the US, the EU, Australia, and Japan. Imports went up 11 percent to NZD 5.6 billion, due to higher purchases of vehicles, parts, and accessories (27 percent). Purchases went up mainly from China, the EU, Australia and Japan.
2021-04-28
New Zealand Trade Surplus Narrows
The trade balance of New Zealand narrowed to NZD 181 million in February of 2021 from NZD 551 million in the same month of the previous year and following an NZD 647 million gap in the previous month. Both imports and exports dropped compared to February of 2020, the latter despite a recovery in demand from China. The year-to-date deficit stands at NZD 466 million.
2021-03-23
New Zealand Trade Deficit Widens
New Zealand recorded a trade deficit of NZD 626 million in January of 2021, wider than NZD 396 million in the same month of the previous year and the fifth straight gap for a January. The fall in exports of NZD 486 million was the largest year-on-year fall in exports since March of 2016, while goods imports declined NZD 256 million (5.0 percent) to NZD 4.8 billion.
2021-02-25
New Zealand Trade Surplus Narrows Sharply
New Zealand trade surplus declined to NZD 17 million in December of 2020 from NZD 380 million in the same month of the previous year. Goods exports fell NZD 149 million (or 2.7 percent) to NZD 5.3 billion, dragged by milk powder, butter & cheese and crude oil. Meanwhile goods imports rose NZD 213 million (or 4.2 percent) to NZD 5.3 billion. The quarterly trade balance was a surplus of NZD 412 million.
2021-01-27

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.