The terms of trade in New Zealand declined 0.3 percent in the September quarter of 2018, following a downwardly revised 0.4 percent rise in the previous three-month period. Export prices increased 2.3 percent (vs 2.5 percent in Q2) to their highest level in more than nine years, as meat and dairy prices went up. Meanwhile, import prices climbed 2.6 percent (vs 2.1 percent in Q2), led by a 6.4 percent advance for petroleum and petroleum products. Diesel and petrol prices were both up 14 percent, while crude oil was up 1.4 percent, after rising 14 percent in the June quarter. Terms of Trade in New Zealand averaged 1067.56 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 1401.00 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 1390.00 in 12 months time. In the long-term, the New Zealand Terms of Trade is projected to trend around 1358.00 Index Points in 2020, according to our econometric models.

New Zealand Terms of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 09:45 PM Terms of Trade QoQ -0.3% 1406%
2019-05-31 10:45 PM Terms of Trade QoQ 1424%
2019-09-02 10:45 PM Terms of Trade QoQ 1398%


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -1295.19 -1595.51 1157.64 -1595.51 NZD Million [+]
Exports 4859.00 4246.01 5508.34 19.68 NZD Million [+]
Imports 6154.19 5841.52 6154.19 37.85 NZD Million [+]
Current Account -1620.00 88.00 1411.00 -6102.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
External Debt 278453.00 273275.00 278453.00 67673.00 NZD Million [+]
Terms of Trade 1444.00 1449.00 1472.00 796.00 Index Points [+]
Capital Flows -1736.00 393.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment -1510.00 486.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 283568.00 258155.00 513349.00 40.00 [+]
Terrorism Index 0.61 0.23 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 28.00 25.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1444.00 1449.00 1472.00 796.00 1957 - 2018 Index Points Quarterly
NSA, 2002Q2=1000




Country Last Previous
Argentina 128.90 Sep/18
Australia 89.30 Sep/18
Brazil 110.67 Oct/18
Canada 94.40 Oct/18
China 96.48 Sep/18
France 113.19 Sep/18
Germany 97.99 Oct/18
India 73.30 Dec/18
Indonesia 114.07 Oct/18
Italy 99.70 Sep/18
Japan 95.00 Oct/18
Mexico 50.04 Oct/18
Netherlands 100.50 Sep/18
Singapore 101.78 Oct/18
South Korea 97.10 Sep/18
Spain 100.30 Sep/18
Switzerland 112.06 Oct/18
Turkey 101.61 Sep/18
United States 106.98 Jun/18


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