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

New Zealand’s trade deficit widened to NZD 871 million in October of 2017 compared to a NZD 798 million gap in the same month of the previous year and expectations of a NZD 750 million deficit. Exports jumped 16.2 percent year-on-year to NZD 4.56 billion after advancing 8.9 percent in the previous month, while imports climbed 15.0 percent to a record NZD 5.43 billion after only rising 1.4 percent in September, nudged by increases across a wide range of commodities. Balance of Trade in New Zealand averaged -50.91 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




New Zealand Trade Deficit Widens in October


New Zealand’s trade deficit widened to NZD 871 million in October of 2017 compared to a NZD 798 million gap in the same month of the previous year and expectations of a NZD 750 million deficit. Exports jumped 16.2 percent year-on-year to NZD 4.56 billion after advancing 8.9 percent in the previous month, while imports climbed 15.0 percent to a record NZD 5.43 billion after only rising 1.4 percent in September, nudged by increases across a wide range of commodities.

Growth in exports was driven by sound increases of the three main commodities: milk powder, butter & cheese (+21.9 percent in October), meat & edible offal (+20.1 percent), and logs, woods & wood articles (+27.1 percent). In addition, crude oil (+136.1 percent), preparations of milk, cereals, flour & starch (+77.1 percent), and iron & steel (+65.3 percent) soared in October.  By destination, exports were nudged by China (+35.3 percent) and Australia (+17.1 percent). In contrast, exports to the United States (-12.0 percent) and Japan (-5.4 percent) fell in October.

Meanwhile, imports of the three main commodities grew at a significant pace: vehicles, parts & accessories (+25.0 percent), mechanical machinery & equipment (+33.0 percent), and petroleum & products (+18.0 percent). Fertilizers (+53.1 percent) also soared in October. In contrast, aircraft & parts went down 18.7 percent. By country of origin, imports from the European Union jumped 25.1 percent, mainly explained by a 49.9 percent increase in exports to Germany. Imports to the United States rebounded in October (+11.3 percent) after plummeting 32.1 percent in the previous month.

The annual trade deficit for the year ended October of 2017 narrowed to NZD 2.99 billion, from NZD 2.91 billion through September of 2017.

Mario | mario@tradingeconomics.com
11/23/2017 11:01:37 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-25 09:45 PM Balance of Trade N$-1235M N$98M N$-825M N$-410M
2017-10-25 09:45 PM Balance of Trade N$-1143M N$-1179M N$-900M N$-870M
2017-11-23 09:45 PM Balance of Trade N$-871M N$-1143M N$-750M N$-890M
2017-12-19 09:45 PM Balance of Trade N$-871M N$-640M
2018-01-29 09:45 PM Balance of Trade
2018-02-26 09:45 PM Balance of Trade


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -871.11 -1155.58 1157.64 -1387.99 NZD Million [+]
Exports 4560.50 3774.27 5032.54 19.68 NZD Million [+]
Imports 5431.61 4929.85 5431.61 37.85 NZD Million [+]
Current Account -618.00 221.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.70 -3.40 -0.90 -8.90 percent [+]
External Debt 263282.00 261496.00 263282.00 67673.00 NZD Million [+]
Terms of Trade 1446.00 1435.00 1446.00 796.00 Index Points [+]
Capital Flows 96.00 -784.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 1441.00 1010.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 270515.00 252746.00 494193.00 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-871.11 -1155.58 1157.64 -1387.99 1951 - 2017 NZD Million Monthly




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 26364.90 Sep/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 5157.00 Oct/17
Russia 9832.00 Oct/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17