Trade Balance in New Zealand

New Zealand Trade Balance | Economic News & Forecasts

New Zealand - Trade Balance

The economy shrank in sequential terms in the first quarter of this year. The spread of the Omicron variant and low travel activity owing to border restrictions were behind the poor reading. Available data paints a mixed picture for Q2. Electronic card transactions expanded solidly in April and May, likely supported by the easing of restrictions. Meanwhile, the reopening of borders facilitated the jump in border crossings in April. That said, the manufacturing PMI averaged lower in April compared to the first quarter. Moreover, consumer sentiment remained strongly downbeat in April-May amid elevated price pressures and rising interest rates. Additionally, business sentiment remained deeply pessimistic in the same period, signaling weak investment activity. In other news, the Central Bank recently lifted dividend restrictions on banks as the country’s monetary stance normalizes.

New Zealand - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.5  -2.2  -2.0  -4.3  -2.9  

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New Zealand Trade Balance Chart

New Zealand Trade
Note: Trade balance in (USD bn).
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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