New Zealand's trade surplus narrowed to NZD 263 million in May of 2022 from NZD 497 million in the corresponding month of the previous year. Imports surged 24 percent yar-on-year to NZD 6.7 billion, amid higher purchases of petroleum and products (+39 percent); mechanical machinery and equipment (15 percent); and fertilizers (+355 percent). Imports rose from all top partners, namely China (25 percent); the EU (12 percent); Australia (18 percent); the US (5.5 percent) and Japan (41 percent). Meanwhile, exports rose at a softer 18 percent on year to NZD 7 billion, lifted by increased sales of meat and edible offal (+27 percent), milk powder, butter, and cheese (11 percent); fruit (+23 percent) and crude oil (+100 percent). Sales increased to almost all top destinations, namely Australia (49 percent), the US (18 percent) the EU (23 percent), and Japan (0.7 percent) but declined to China (-3.8 percent). source: Statistics New Zealand
Balance of Trade in New Zealand averaged -67.75 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 July 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.