New Zealand Imports  1960-2017 | Data | Chart | Calendar | Forecast | News

Imports to New Zealand climbed 5.4 percent year-on-year to NZD 4548 million in July of 2017. Purchases of vehicles, parts & accessories jumped 25.1 percent after surging 36.4 percent in the previous month. Petroleum & products increased by 9.9 percent after expanding 2.0 percent in June. By country of origin, imports from Japan climbed 24.1 percent after jumping 35.2 percent in June. In contrast, imports from the United States contracted a sharp 31.5 percent in July. Imports in New Zealand averaged 1545.79 NZD Million from 1960 until 2017, reaching an all time high of 4975.09 NZD Million in September of 2014 and a record low of 37.85 NZD Million in April of 1962.

New Zealand Imports
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New Zealand Balance of Trade Swings To Surplus In July


New Zealand balance of trade swung to a NZD 85 million surplus in July of 2017 compared to a NZD 351 million deficit in the same month of the previous year and expectations of a NZD 200 million gap. It was the fifth straight monthly surplus after 8 consecutive deficits, and leaves the year-to-date trade surplus at NZD 937 million (vs NZD 1016 million in the first seven months of last year). Exports advanced to NZD 4633 million or 16.8 percent year-on-year from a 10.7 percent jump in June, booking their fastest expansion in more than 2 years. Meanwhile, imports went up to NZD 4548 million or 5.4 percent compared to a downwardly revised 7.6 percent climb. The annual trade deficit for the year ended July of 2017 narrowed to NZD 3.21 billion, from NZD 3.65 billion in June of 2017.

Exports from New Zealand advanced 16.8 percent year-on-year in July, nudged by milk powder, butter & cheese exports’ 50.7 percent surge (vs 44.9 percent in the previous month). Fruit exports advanced 15.3 percent. In contrast, crude oil shipments declined by 27.6 percent. Exports to China increased at a faster pace of 51.4 percent compared to 25.6 percent in the previous month. Exports to Korea also expanded at a strong pace of 36.1 percent (vs 20.1 percent in June). More modest expansion was observed in exports to the European Union (+23.8 percent), Japan (+18.7percent), and the United States (+6.4 percent). Contrastingly, exports to Australia edged down 0.2 percent in June.

Meanwhile, imports to New Zealand climbed 5.4 percent year-on-year to NZD 4548 million in July of 2017. Purchases of vehicles, parts & accessories jumped 25.1 percent after surging 36.4 percent in the previous month. Petroleum & products increased by 9.9 percent after expanding 2.0 percent in June. By country of origin, imports from Japan climbed 24.1 percent after jumping 35.2 percent in June. In contrast, imports from the United States contracted a sharp 31.5 percent in July. 

Mario | mario@tradingeconomics.com
8/23/2017 11:08:57 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-26 10:45 PM Imports N$4849M N$4164M N$4480M N$4374M
2017-07-25 10:45 PM Imports N$4455M N$4845M N$4390M N$4336M
2017-08-23 10:45 PM Imports N$4548M N$4449M N$4600M N$4438M
2017-09-25 09:45 PM Imports N$4.548B N$4.8B N$5.06B
2017-10-26 09:45 PM Imports
2017-11-24 09:45 PM Imports


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 85.00 246.00 1157.64 -1387.99 NZD Million [+]
Exports 4633.00 4695.00 5032.54 19.68 NZD Million [+]
Imports 4548.00 4449.00 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 233991.00 246945.00 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 Imports

New Zealand imports mainly vehicles (13 percent), nuclear reactors, boilers, machinery and mechanical appliances (13 percent), fuels (10 percent), electrical machinery and equipment (8 percent), plastics (4 percent) and aircraft, spacecraft (4 percent). Its major import partners are: China (20 percent of total imports), Australia and the US (12 percent each), Japan (7 percent), Germany (5 percent), Thailand and South Korea (4 percent each). This page provides the latest reported value for - New Zealand Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Imports - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4548.00 4449.00 4975.09 37.85 1960 - 2017 NZD Million Monthly