New Zealand's terms of trade rose 1.6 percent on quarter in the three months to June 2019, following a 1 percent gain in the previous period and beating market expectations of 1 percent. Export prices increased 3.4 percent (vs -2.6 percent in Q1), boosted mainly by lamb (up 4.7 percent to a record high) and beef (up 5.3 percent). In addition, dairy product prices grew 11 percent, with prices for milk powder up 11 percent, butter up 13 percent, and cheese up 3.1 percent. Meanwhile, import prices advanced 1.8 percent (vs -3.5 percent in Q1) as fuel import prices rose 13 percent, reflecting higher prices for crude oil (up 17 percent), petrol (up 12 percent), and diesel (up 3.6 percent). Year-on-year, terms of trade fell 0.8 percent in the second quarter, easing from a 2 percent drop in the previous period, as export prices were up 2.4 percent and import prices increased 3.3 percent. Terms of Trade in New Zealand averaged 1071.77 Index Points from 1957 until 2019, 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.

New Zealand Terms of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-02 09:45 PM Terms of Trade QoQ Q3 -0.3% 0.4% 0.1%
2019-02-28 09:45 PM Terms of Trade QoQ Q4 -3% -0.1% -1% -0.9%
2019-06-03 10:45 PM Terms of Trade QoQ Q1 1% -3.2% 1%
2019-09-01 10:45 PM Terms of Trade QoQ Q2 1.6% 1% 1% 1%


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -685.16 331.14 1157.64 -1579.92 NZD Million [+]
Current Account -1106.00 721.00 1737.00 -6236.00 NZD Million [+]
Current Account to GDP -3.60 -3.00 -0.10 -8.90 percent [+]
Imports 5713.22 4634.45 6133.86 37.85 NZD Million [+]
Exports 5028.06 4965.59 5747.91 19.68 NZD Million [+]
External Debt 284710.00 282892.00 284710.00 67673.00 NZD Million [+]
Terms of Trade 1437.00 1415.00 1472.00 796.00 Index Points [+]
Capital Flows -14.00 -349.00 7263.00 -3332.00 NZD Million [+]
Foreign Direct Investment 4994.00 -1110.00 4994.00 -7322.00 NZD Million [+]
Tourist Arrivals 255585.00 213500.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 6.00 4.00 75.00 1.00 USD Million [+]
Crude Oil Production 26.00 27.00 72.00 15.00 BBL/D/1K [+]
Global Dairy Trade Price Index 2.00 -0.40 22.60 -14.00 percent [+]

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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1437.00 1415.00 1472.00 796.00 1957 - 2019 Index Points Quarterly
NSA, 2002Q2=1000




Country Last Previous
Argentina 129.80 Jun/19
Australia 100.20 Jun/19
Brazil 111.92 Jul/19
Canada 92.00 Jul/19
China 99.24 Jun/19
France 115.15 Jul/19
Germany 101.29 Jul/19
India 73.30 Dec/18
Indonesia 106.44 Jul/19
Italy 104.90 Jul/19
Japan 98.60 Aug/19
Mexico 49.11 Jul/19
Netherlands 101.90 Jul/19
Singapore 99.17 Jul/19
South Africa 106.80 Jun/19
South Korea 91.50 Jul/19
Spain 102.40 Jun/19
Switzerland 120.73 Aug/19
Turkey 103.48 Jul/19
United States 106.25 Jun/19


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