Trade Balance in New Zealand

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 |
New Zealand Trade Balance Chart

Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.67 | 1.20 % | Dec 30 |
Exchange Rate | 0.67 | -1.69 % | Jan 01 |
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Economic News
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New Zealand: Inflation stable in Q4
February 1, 2023
Inflation was stable at Q3’s 7.2% in Q4.
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New Zealand: Unemployment rate ticks up in Q4
February 1, 2023
The seasonally-adjusted unemployment rate rose to 3.4% in Q4 from Q3’s 3.3%.
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New Zealand: Business sentiment improves in January
February 1, 2023
The ANZ bank business outlook indicator rose in January.
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New Zealand: Business confidence plunges to record-low in December
January 19, 2023
The ANZ bank business outlook indicator tanked in December.
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New Zealand: Consumer confidence falls to record-low in December
January 19, 2023
The ANZ-Roy Morgan consumer confidence indicator plunged to 73.8 in December from 80.7 in November, marking the lowest reading on record.