New Zealand's trade deficit widened to NZD 584 million in April of 2022 from NZD 397 million in the corresponding month of the previous year. Imports climbed 15 percent year-on-year to NZD 5,730 million, led by purchases of pharmaceutical products (92 percent), mechanical machinery and equipment (15 percent); food residues, wastes, and fodder (91 percent), and other chemical products (159 percent). Imports went up from all top partners, namely China (8.9%); the EU (18%); Australia (44%); the US (29%) and Japan (0.5%). Meanwhile, exports advanced by 17 percent to a lower NZD 6,310 million, mainly driven by sales of milk powder, butter, and cheese (30%); and meat and edible offal (16%). Exports increased to Australia (4.9%), the US (26%) the EU (26%), and Japan (58%) but declined to China (-1.8%). source: Statistics New Zealand

Balance of Trade in New Zealand averaged -67.96 NZD Million from 1951 until 2022, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -2166.03 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 May of 2022.

Balance of Trade in New Zealand is expected to be 398.00 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 335.00 NZD Million in 2023, according to our econometric models.

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New Zealand Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-27 10:45 PM Mar NZ$-392M NZ$-691M 329M
2022-05-19 10:45 PM Apr NZ$584M NZ$-581M NZ$-410M
2022-06-21 10:45 PM May NZ$584M


Related Last Previous Unit Reference
Balance of Trade 584.00 -581.00 NZD Million Apr 2022
Current Account -7260.00 -8300.00 NZD Million Dec 2021
Current Account to GDP -2.70 -3.60 percent of GDP Dec 2020
Imports 5730.00 7060.00 NZD Million Apr 2022
Exports 6310.00 6480.00 NZD Million Apr 2022
Terms of Trade 1515.00 1531.00 points Dec 2021
Capital Flows 6262.00 9305.00 NZD Million Dec 2021
Foreign Direct Investment 2329.00 -984.00 NZD Million Dec 2021
Tourist Arrivals 28624.00 5235.00 Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
584.00 -581.00 1350.34 -2166.03 1951 - 2022 NZD Million Monthly

News Stream
New Zealand Trade Gap Widens in April
New Zealand's trade deficit widened to NZD 584 million in April of 2022 from NZD 397 million in the corresponding month of the previous year. Imports climbed 15 percent year-on-year to NZD 5,730 million, led by purchases of pharmaceutical products (92 percent), mechanical machinery and equipment (15 percent); food residues, wastes, and fodder (91 percent), and other chemical products (159 percent). Imports went up from all top partners, namely China (8.9%); the EU (18%); Australia (44%); the US (29%) and Japan (0.5%). Meanwhile, exports advanced by 17 percent to a lower NZD 6,310 million, mainly driven by sales of milk powder, butter, and cheese (30%); and meat and edible offal (16%). Exports increased to Australia (4.9%), the US (26%) the EU (26%), and Japan (58%) but declined to China (-1.8%).
2022-05-19
New Zealand Trade Gap Widens in March
New Zealand's trade deficit widened to NZD 392 million in March of 2022 from NZD 41 million in the corresponding month of the previous year. Imports climbed 25 percent yoy to NZD 7,065 million, led by purchases of other chemical products (448.3%), pharmaceutical products (135.3%), mechanical machinery and equipment (18.8%) and petroleum and products (32%). Imports went up from all top partners, namely China (22%); the EU (12%); Australia (24%); the US (31%) and Japan (21%). Meanwhile, exports advanced at a softer 17 percent to NZD 6,673 million, mainly driven by sales of milk powder, butter, and cheese (30%); and meat and edible offal (11.2%). Exports increased to China (8.5%); Australia (6.2%), the US (39%) and Japan (25%) but declined to the EU (-3.2%).
2022-04-27
New Zealand Trade Gap Widens in January
New Zealand's trade deficit widened to NZD 1,082 million in January of 2022 from NZD 646 million in the corresponding month of the previous year. Imports climbed 22.5 percent to NZD 5,938 million, led by purchases of petroleum and products (up 68 percent) particularly crude oil (58 percent) and automotive diesel (78 percent). Also, imports of mechanical machinery and equipment rose 31 percent, of which turbojets (146 percent) and laptops (55 percent). Imports went up from China (30 percent); the EU (10 percent); Australia (18 percent); the US (30 percent) and Japan (7.6 percent). Meanwhile, exports advanced at a softer 15.6 percent to NZD 4,856 million, led by sales of milk powder (8.5 percent), butter (35 percent), beef (51 percent), and sheep meat (11 percent). Exports increased to China (12 percent); the US (36 percent); the EU (13 percent) and Japan (35 percent) but declined to Australia (-1.6 percent).
2022-02-24