Trade Balance in New Zealand

New Zealand Trade Balance | Economic News & Forecasts

New Zealand - Trade Balance

The economy appears to have taken a significant hit in the first quarter, and available data points to a much sharper contraction in Q2 amid lockdown measures. Manufacturing activity as well as consumer and business confidence plunged at the tail-end of Q1 and fell even further into contractionary terrain in April, while card transactions also collapsed at an unprecedented rate in the first month of Q2. Nevertheless, following almost two months of strict lockdown, in mid-May the government started to lift containment measures. Moreover, on 14 May, Prime Minister Jacinda Ardern's administration approved massive budget stimulus to buttress the economy and kickstart the recovery ahead of the September general elections. The budget is aimed at cushioning widespread unemployment and ramping up infrastructure spending. It will raise public debt significantly, however, although it should not pose significant fiscal risks given the country's low debt burden.

New Zealand - Trade Balance Data

2014   2015   2016   2017   2018  
Trade Balance (USD billion)-1.0  -2.5  -2.2  -2.0  -4.3  

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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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