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.