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. source: Statistics New Zealand

Terms of Trade in New Zealand averaged 1082.98 points from 1957 until 2021, reaching an all time high of 1526 points in the second quarter of 2020 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 September of 2021.

Terms of Trade in New Zealand is expected to be 151.12 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 2022 and 152.95 points in 2023, according to our econometric models.

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New Zealand Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1526.00 1477.00 1526.00 796.00 1957 - 2021 points Quarterly
NSA, 2002Q2=1000


Calendar GMT Actual Previous Consensus TEForecast
2020-12-01 09:45 PM Q3 -4.7% 2.5% -2.8% -2.6%
2021-03-01 09:45 PM Q4 1.3% -4.7% 1.3% 1.5%
2021-06-01 10:45 PM Q1 0.1% 1.3% -0.1% 1.1%
2021-09-01 10:45 PM Q2 3.3% 0.1% 2.5% 1.7%
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News Stream
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.
2021-09-01
New Zealand Terms of Trade Drop 4.7% YoY
The merchandise terms of trade in New Zealand declined 4.7 percent on quarter in the three months to September 2020, following a 2.5 percent decline in the previous period and compared to market expectations of a 2.8 percent rise. Export prices plunged 8.3 percent after rebounding 2.4 percent fall in the prior period, while import prices dropped 3.7 after edging down 0.1 percent and compared to consensus of a 1 percent decrease.
2020-12-01

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.