New Zealand's trade deficit widened to NZD 2,144 million in August of 2021 from NZD 299 million in the corresponding month of the previous year. It was the largest trade deficit on record as imports jumped 38.4 percent from a year earlier to an all-time high of NZD 6,495 million led by a rise in imports of vehicles, parts, and accessories. Meanwhile, exports edged down 0.9% to NZD 4,351 million, as August is a typical month of lower values for dairy exports. source: Statistics New Zealand

Balance of Trade in New Zealand averaged -59.98 NZD Million from 1951 until 2021, reaching an all time high of 1350.34 NZD Million in April of 2020 and a record low of -2143.70 NZD Million in August 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 October of 2021.

Balance of Trade in New Zealand is expected to be -91.00 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 340.00 NZD Million in 2022 and 335.00 NZD Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
New Zealand Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-06-24 10:45 PM May N$469M N$414M N$500M
2021-07-25 10:45 PM Jun N$261M N$489M N$ 500M
2021-08-24 10:45 PM Jul N$-402M N$245M N$300M
2021-09-23 10:45 PM Aug N$-2144M N$-397M N$-633M
2021-10-26 10:45 PM Sep N$-2144M N$ -91M
2021-11-25 09:45 PM Oct
2021-12-18 09:45 PM Nov


News Stream
New Zealand Posts Record Trade Deficit
New Zealand's trade deficit widened to NZD 2,144 million in August of 2021 from NZD 299 million in the corresponding month of the previous year. It was the largest trade deficit on record as imports jumped 38.4 percent from a year earlier to an all-time high of NZD 6,495 million led by a rise in imports of vehicles, parts, and accessories. Meanwhile, exports edged down 0.9% to NZD 4,351 million, as August is a typical month of lower values for dairy exports.
2021-09-23
New Zealand Trade Balance Swings to Deficit
The trade balance in New Zealand switched to a NZD 402 million deficit in July of 2021 from a NZD 425 million surplus in the corresponding month of the previous year. Imports jumped 34.7 percent from a year earlier to a record high of NZD 6156 million boosted by purchases of vehicles and petroleum. Meantime, exports climbed 15.2 percent to NZD 5754 million mainly due to fish, crustaceans, and molluscs.
2021-08-24
New Zealand Trade Surplus Nearly Halved in June
The trade surplus in New Zealand narrowed to NZD 261.4 million in June of 2021 from NZD 472.6 million a year earlier. Exports were up 17.1% to a new record high of NZD 5953 million, as sales of logs and wood reached a new high, mainly led by logs. Beef exports also reached a new high of NZD 411 million. China continues to receive the largest share of New Zealand exports (32%), namely dairy, logs and meat. Imports increased at a faster 23.5% to NZD 5692 million, as purchases of vehicles, parts, and accessories, topped an all time high of NZD 977 million, namely motor cars and vehicles for transport of goods. Considering the June quarter, exports reached its highest ever value, NZD 17.2 billion and imports were up to NZD 16.1 billion. The June 2020 quarter coincided with the alert level 4 lockdown in New Zealand.
2021-07-25
New Zealand Trade Surplus Narrows in May
New Zealand's trade surplus narrowed to NZD 469 million in May of 2021 from NZD 1,294 million in the same month a year earlier. Exports rose 5.8 percent to NZD 5.9 billion amid higher sales of milk powder, butter, and cheese (12 percent) and log, wood, and wood articles (26 percent. Among major trading partners, shipments increased to China (25 percent) and the US (22 percent). Imports went up 31 percent to NZD 5.4 billion due to higher purchases of vehicles, parts, and accessories (194 percent). Imports went up mainly from China (9.4 percent) and the EU (28 percent).
2021-06-24

New Zealand Last Unit Reference Previous Highest Lowest
Balance of Trade -2143.70 NZD Million Aug/21 -397.46 1350.34 -2143.70
Current Account -1396.00 NZD Million Jun/21 -3189.00 2325.00 -6469.00
Current Account to GDP -2.70 percent of GDP Dec/20 -3.60 -0.10 -8.90
Exports 4350.83 NZD Million Aug/21 5769.31 5958.32 19.68
Imports 6494.53 NZD Million Aug/21 6166.78 6494.53 37.85
Terms of Trade 1526.00 points Jun/21 1477.00 1526.00 796.00
Capital Flows -277.00 NZD Million Jun/21 -1891.00 7357.00 -7912.00
Foreign Direct Investment 1717.00 NZD Million Jun/21 2536.00 4813.00 -7322.00
Tourist Arrivals 2676.00 Aug/21 30209.00 529255.00 40.00


New Zealand Balance of Trade
New Zealand is greatly dependent on international trade. New Zealand's economy has traditionally been based on a foundation of exports from its very efficient agricultural system: dairy products, meat, forest products, fruit and beverages. New Zealand imports mainly vehicles, machinery and equipment, petroleum, electronics, plastics and aircraft. Its main trading partners are: China, Australia, the US, Japan and South Korea.