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

New Zealand posted a NZD 113 million trade deficit in June 2018, compared with a NZD 243 million surplus in the same month of the previous year and market expectations of a NZD 200 million surplus. Exports rose 4.6 percent from the previous year to NZD 4909 billion and imports jumped 12.9 percent to NZD 5022 billion. Balance of Trade in New Zealand averaged -51.56 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 -1387.99 NZD Million in September of 2016.

New Zealand Balance of Trade
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New Zealand Trade Balance Unexpectedly Swings to Deficit


New Zealand posted a NZD 113 million trade deficit in June 2018, compared with a NZD 243 million surplus in the same month of the previous year and market expectations of a NZD 200 million surplus. Exports rose 4.6 percent from the previous year to NZD 4909 billion and imports jumped 12.9 percent to NZD 5022 billion.

Exports rose 4.6 percent from the previous year to NZD 4909 billion in June of 2018 compared to a downwardly revised 9.1 percent climb in the previous month. It was the second slowest growth rate in the last 16 months. Slower growth against May was mainly explained by meat and edible offal (+9.3 percent vs +17.2 percent) and logs, wood & wood articles (+9.5 percent vs +26.1 percent). Among major exports partners, sales lost steam to China (+6.2 percent vs +27.3 percent), the European Union (+6.8 percent vs +16.7 percent), Australia (+3.8 percent vs +12.3 percent). In contrast, exports to the United States rebounded 9.5 percent after a 0.6 percent dip in May.

Imports climbed 12.9 percent year-on-year to NZD 5022 billion in June of 2018, compared to an upwardly revised 6.3 percent jump in the previous month. Faster growth was mainly explained by a sharp rebound in oil & products (+64.4 percent vs -30.1 percent in May). Meantime, aircrafts and parts gained steam (+127.9 percent vs +40.0 percent). In contrast, vehicles, parts & accessories declined 1.7 percent (vs +25.1 percent). Among top import partners, purchases from China climbed further (+11.4 percent vs +11.0), whereas those to Japan cooled down (+16.8 percent vs +18.8 percent). 


Mario | mario@tradingeconomics.com
7/24/2018 11:13:58 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 10:45 PM Balance of Trade N$263M N$-156M N$200M N$ 470M
2018-06-26 10:45 PM Balance of Trade N$294M N$193M N$100M N$ -120M
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$-113M N$-400M N$ 100M
2018-09-25 09:45 PM Balance of Trade N$ -1100M
2018-10-25 09:45 PM Balance of Trade N$ -1000M


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -113.00 208.00 1157.64 -1387.99 NZD Million [+]
Exports 4909.00 5355.00 5508.34 19.68 NZD Million [+]
Imports 5020.00 5147.00 5835.58 37.85 NZD Million [+]
Current Account 180.00 -2745.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
External Debt 273275.00 270566.00 273275.00 67673.00 NZD Million [+]
Terms of Trade 1445.00 1472.00 1472.00 796.00 Index Points [+]
Capital Flows 105.00 1479.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 122.00 3167.00 3167.00 -7322.00 NZD Million [+]
Tourist Arrivals 250523.00 212245.00 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 23.00 23.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-113.00 208.00 1157.64 -1387.99 1951 - 2018 NZD Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1154.26 Jul/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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