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

New Zealand’s trade deficit narrowed modestly to NZD 1235 million in August of 2017 compared to a NZD 1240 million gap in the same month of the previous year and expectations of a NZD 825 million deficit. Exports advanced to NZD 3689 million or 9.0 percent year-on-year from a 16.7 percent climb in July. Meanwhile, imports went up to NZD 4923 million or 6.5 percent compared to a downwardly revised 4.9 percent jump in July. The annual trade deficit for the year ended August of 2017 narrowed modestly to NZD 3.20 billion, from NZD 3.21 billion in July of 2017. Balance of Trade in New Zealand averaged -47.59 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
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New Zealand Balance of Trade Narrows Modestly in August


New Zealand’s trade deficit narrowed modestly to NZD 1235 million in August of 2017 compared to a NZD 1240 million gap in the same month of the previous year and expectations of a NZD 825 million gap. The annual trade deficit for the year ended August of 2017 narrowed modestly to NZD 3.20 billion, from NZD 3.21 billion in July of 2017.

Exports rose 9.0 percent year-on-year in August to NZD 3689 million after advancing 16.7 percent in July. The softer growth pace was mainly explained by milk powder, butter & cheese exports' 2.6 percent fall following a 50.7 percent surge in the previous month. Other relevant declining categories were wool (-23.6 percent), textiles (-23.2 percent), and iron & steel (-12.4 percent). In contrast, fruit exports accelerated to a 28.9 percent growth rate (vs 15.3 percent in the previous month). Meanwhile, on a destination basis, exports to Australia rebounded by 21.6 percent after edging down 0.2 percent in July. Contrastingly, exports to South Korea declined by 13.7 percent after soaring 36.1 percent. Exports to the European Union grew at a softer pace of 8.8 percent (vs 23.8 percent in July); to Japan 8.2 percent (vs 18.7 percent); and the United States 2.4 percent (vs 6.4 percent).

Imports climbed 6.5 percent year-on-year to NZD 4923 million in August of 2017, after increasing 4.9 percent in the previous month. The climb was mainly explained by purchases of petroleum & products, which increased 53.4 percent after a modest 9.9 percent rise in July. In contrast, purchases of vehicles, parts & accessories edged up 0.1 percent in August after a 25.1 percent jump in the preceding month. By country of origin, imports from Japan declined by 14.0 percent after surging 24.1 percent in July. In contrast, exports to the United States rebounded by 8.2 percent after a sharp 31.5 percent contraction in July. 

Mario | mario@tradingeconomics.com
9/26/2017 12:17:31 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-25 10:45 PM Balance of Trade N$242M N$74M N$100M N$215M
2017-08-23 10:45 PM Balance of Trade N$85M N$242M N$-200M N$-216M
2017-09-25 09:45 PM Balance of Trade N$-1235M N$98M N$-825M N$-410M
2017-10-25 09:45 PM Balance of Trade N$-1235M N$-900M N$-870M
2017-11-24 09:45 PM Balance of Trade
2017-12-21 09:45 PM Balance of Trade


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -1235.00 98.00 1157.64 -1387.99 NZD Million [+]
Exports 3689.00 4628.00 5032.54 19.68 NZD Million [+]
Imports 4923.00 4529.00 4975.09 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 1437.00 1415.00 1438.00 796.00 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 252746.00 233991.00 494193.00 40.00 [+]
Crude Oil Production 26.00 27.00 72.00 15.00 BBL/D/1K [+]
Weapons Sales 6.00 1.00 75.00 1.00 USD Million [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1235.00 98.00 1157.64 -1387.99 1951 - 2017 NZD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17