New Zealand's trade deficit widened to NZD 1,286 million in October of 2021 from NZD 470 million in the corresponding month of the previous year. Imports surged 26 percent from a year earlier to a fresh all-time high of NZD 6,640 million, led by a rise in the purchase of mechanical machinery & equipment, such as turbojets and laptops. Meanwhile, exports rose at a slower 12 percent to NZD 5,350 million mainly due to milk powder, butter, and cheese. source: Statistics New Zealand
Balance of Trade in New Zealand averaged -63.94 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 -2206 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 December of 2021.
Balance of Trade in New Zealand is expected to be 343.00 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 340.00 NZD Million in 2022 and 335.00 NZD Million in 2023, according to our econometric models.