The merchandise (goods) terms of trade in New Zealand increased 0.5 percent in the three months to March of 2022, following a downwardly revised 0.9 percent decline in the previous period, mostly in line with market expectations. Export prices rose 7.8 percent, accelerating from a 2.8 percent gain in the prior period, while import prices increased 7.2 after a 3.7 percent increase in the previous quarter. source: Statistics New Zealand

Terms of Trade in New Zealand averaged 1089.75 points from 1957 until 2022, reaching an all time high of 1531 points in the third quarter of 2021 and a record low of 796 points in the fourth quarter of 1975. This page provides - New Zealand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Terms of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Terms of Trade in New Zealand is expected to be 143.68 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Terms of Trade is projected to trend around 144.84 points in 2023 and 152.95 points in 2024, according to our econometric models.

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New Zealand Terms of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-03-01 09:45 PM Q4 -1% 0.4% -0.8% -0.5%
2022-06-01 10:45 PM Q1 0.5% -0.9% 0.5% 0.4%
2022-09-01 10:45 PM Q2 0.5% 143.7%


Related Last Previous Unit Reference
Balance of Trade 263.00 440.00 NZD Million May 2022
Current Account -6143.00 -7340.00 NZD Million Mar 2022
Current Account to GDP -2.70 -3.60 percent of GDP Dec 2020
Imports 6690.00 5720.00 NZD Million May 2022
Exports 6950.00 6160.00 NZD Million May 2022
Terms of Trade 1526.00 1517.00 points Mar 2022
Foreign Direct Investment 2453.00 2508.00 NZD Million Mar 2022
Capital Flows 4373.00 6785.00 NZD Million Mar 2022
Tourist Arrivals 54303.00 28624.00 Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1526.00 1517.00 1531.00 796.00 1957 - 2022 points Quarterly
NSA, 2002Q2=1000

News Stream
New Zealand Terms of Trade Rise in Q1
The merchandise (goods) terms of trade in New Zealand increased 0.5 percent in the three months to March of 2022, following a downwardly revised 0.9 percent decline in the previous period, mostly in line with market expectations. Export prices rose 7.8 percent, accelerating from a 2.8 percent gain in the prior period, while import prices increased 7.2 after a 3.7 percent increase in the previous quarter.
2022-06-01
New Zealand Terms of Trade Falls More than Expected in Q4
The merchandise (goods) terms of trade in New Zealand decreased 1.0 percent on quarter in the three months to December of 2021, following a downwardly revised 0.4 percent gain in the previous period, and compared with market expectations of a 0.8 percent drop. Export prices rose 2.7 percent, easing from a 4.6percent gain in the prior period, while import prices went up 3.8 after a revised 4.1 percent increase in the previous quarter.
2022-03-01
New Zealand Terms of Trade Hit Record High
The merchandise (goods) terms of trade in New Zealand increased 3.3 percent on quarter to an all-time high in the three months to June of 2021, following a 0.1 percent gain in the previous period, and compared with market expectations of a 2.5 percent rise. Export prices jumped 8.3 percent on the back of dairy products costs, while import prices advanced at a slower 4.8 percent.
2021-12-01