Trade Balance in New Zealand

New Zealand Trade Balance | Economic News & Forecasts

New Zealand - Trade Balance

The economy is expected to have contracted sizably in the third quarter, due to the reintroduction of restrictions in August and September amid rising new Covid-19 cases. Retail sales took a considerable hit in the quarter owing to lockdowns, with the Auckland region bearing the brunt of the damage. Moreover, falling business and consumer confidence point to weaker dynamics. Moving into the final quarter of the year, the economy should be benefiting from the gradual easing of containment measures. That said, a further decline in business sentiment in October-November hints at subdued private sector activity, while falling consumer confidence in the same period also calls for caution. Meanwhile, the government recently announced that it will reopen its borders over the coming months, with displaced residents allowed to return from January and tourists from April.

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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