The terms of trade in New Zealand declined 3.0 percent in the December quarter of 2018, following a downwardly revised 0.1 percent decrease in the previous three-month period and compared with market expectations of a 1 percent fall. Export prices declined 1.7 percent (vs +3.7 percent in Q3), as prices for dairy products plunged 5.7 percent. Among non-food manufactures, aluminium prices declined 4.9 percent. Meanwhile, import prices climbed 1.4 percent (vs +3.7 percent in Q3), led by a 7.5 percent jump in petroleum products (vs +6.5 in Q3). Also, electrical machinery prices surged 7.8 percent. Notably, import price for non-fuel crude materials fell 0.6 percent following a 10.0 percent jump in the previous three months. Terms of Trade in New Zealand averaged 1068.92 Index Points from 1957 until 2018, reaching an all time high of 1472 Index Points in the fourth quarter of 2017 and a record low of 796 Index Points in the fourth quarter of 1975.

Terms of Trade in New Zealand is expected to be 1424.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in New Zealand to stand at 1383.00 in 12 months time. In the long-term, the New Zealand Terms of Trade is projected to trend around 1370.00 Index Points in 2020, according to our econometric models.

New Zealand Terms of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-31 10:45 PM Terms of Trade QoQ -1.9% 0.8% -2%
2018-09-02 10:45 PM Terms of Trade QoQ 0.6% -2% 1%
2018-12-02 09:45 PM Terms of Trade QoQ -0.3% 0.4% 0.1%
2019-02-28 09:45 PM Terms of Trade QoQ -3% -0.1% -1% -0.9%
2019-06-03 10:45 PM Terms of Trade QoQ -3%
2019-09-02 10:45 PM Terms of Trade QoQ
2019-12-02 09:45 PM Terms of Trade QoQ


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -914.00 12.00 1157.64 -1579.92 NZD Million [+]
Current Account -3260.00 -6175.00 1411.00 -6175.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
Imports 5317.00 5284.00 6134.00 37.85 NZD Million [+]
Exports 4403.00 5296.00 5508.34 19.68 NZD Million [+]
External Debt 280086.00 278453.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1403.00 1447.00 1472.00 796.00 Index Points [+]
Capital Flows 1382.00 -351.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment 2246.00 911.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 399346.00 529255.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 21.00 23.00 72.00 15.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



New Zealand Terms of Trade

In New Zealand, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - New Zealand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Terms of Trade - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1403.00 1447.00 1472.00 796.00 1957 - 2018 Index Points Quarterly
NSA, 2002Q2=1000




Country Last Previous
Argentina 127.20 Dec/18
Australia 92.70 Dec/18
Brazil 103.68 Jan/19
Canada 87.40 Dec/18
China 93.52 Dec/18
France 115.31 Dec/18
Germany 100.00 Jan/19
India 73.30 Dec/18
Indonesia 104.81 Jan/19
Italy 100.20 Dec/18
Japan 98.40 Feb/19
Mexico 47.26 Jan/19
Netherlands 101.10 Jan/19
Singapore 98.83 Jan/19
South Africa 102.30 Dec/18
South Korea 97.60 Jan/19
Spain 99.30 Dec/18
Switzerland 120.28 Jan/19
Turkey 100.39 Dec/18
United States 106.98 Jun/18


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