Terms of trade in New Zealand

Estadistica Nueva Zelanda · Quarterly · Importance 65

-2.0% (Q1-26) QOQ · % · Trimestral · CSV

Period	%
Mar 2026	-2.0%
Dec 2025	3.7%
Sep 2025	-2.1%
Jun 2025	4.2%
Mar 2025	1.9%
Dec 2024	3.2%
Sep 2024	2.5%
Jun 2024	2.3%
Mar 2024	5.1%
Dec 2023	-7.8%
Sep 2023	-0.6%
Jun 2023	-0.1%
Mar 2023	-2.5%
Dec 2022	1.5%
Sep 2022	-3.9%
Jun 2022	-2.3%
Mar 2022	0.6%
Dec 2021	-0.9%
Sep 2021	0.4%
Jun 2021	3.2%
Mar 2021	0.1%
Dec 2020	1.5%
Sep 2020	-4.7%
Jun 2020	2.4%
Mar 2020	-0.6%
Dec 2019	2.8%
Sep 2019	1.7%
Jun 2019	1.4%
Mar 2019	1.0%
Dec 2018	-3.2%
Sep 2018	-0.1%
Jun 2018	0.4%
Mar 2018	-2.0%
Dec 2017	1.5%
Sep 2017	1.3%
Jun 2017	1.1%
Mar 2017	3.9%
Dec 2016	5.8%
Sep 2016	-1.2%
Jun 2016	-2.0%
Mar 2016	4.2%
Dec 2015	-2.0%
Sep 2015	-3.8%
Jun 2015	1.5%
Mar 2015	1.3%
Dec 2014	-2.3%
Sep 2014	-4.5%
Jun 2014	0.1%
Mar 2014	1.8%
Dec 2013	2.5%
Sep 2013	7.5%
Jun 2013	4.7%
Mar 2013	4.2%
Dec 2012	-1.2%
Sep 2012	-3.2%
Jun 2012	-2.6%
Mar 2012	-2.3%
Dec 2011	-1.4%
Sep 2011	-0.6%
Jun 2011	2.4%

Period	%
Mar 2026	3.7%
Dec 2025	7.8%
Sep 2025	7.2%
Jun 2025	12.3%
Mar 2025	10.3%
Dec 2024	13.7%
Sep 2024	1.6%
Jun 2024	-1.4%
Mar 2024	-3.7%
Dec 2023	-10.7%
Sep 2023	-1.7%
Jun 2023	-5.0%
Mar 2023	-7.1%
Dec 2022	-4.2%
Sep 2022	-6.4%
Jun 2022	-2.2%
Mar 2022	3.3%
Dec 2021	2.8%
Sep 2021	5.3%
Jun 2021	-0.1%
Mar 2021	-0.9%
Dec 2020	-1.6%
Sep 2020	-0.4%
Jun 2020	6.4%
Mar 2020	5.4%
Dec 2019	7.1%
Sep 2019	0.9%
Jun 2019	-1.0%
Mar 2019	-2.0%
Dec 2018	-4.8%
Sep 2018	-0.3%
Jun 2018	1.2%
Mar 2018	1.9%
Dec 2017	7.9%
Sep 2017	12.6%
Jun 2017	9.8%
Mar 2017	6.4%
Dec 2016	6.7%
Sep 2016	-1.2%
Jun 2016	-3.8%
Mar 2016	-0.3%
Dec 2015	-3.1%
Sep 2015	-3.4%
Jun 2015	-4.2%
Mar 2015	-5.5%
Dec 2014	-5.0%
Sep 2014	-0.3%
Jun 2014	12.2%
Mar 2014	17.4%
Dec 2013	20.1%
Sep 2013	15.9%
Jun 2013	4.3%
Mar 2013	-2.9%
Dec 2012	-9.0%
Sep 2012	-9.2%
Jun 2012	-6.8%
Mar 2012	-2.0%
Dec 2011	1.1%
Sep 2011	3.3%
Jun 2011	7.2%

Period	indice
Mar 2026	1,560.7
Dec 2025	1,592.8
Sep 2025	1,535.6
Jun 2025	1,568.3
Mar 2025	1,505.5
Dec 2024	1,477.1
Sep 2024	1,431.8
Jun 2024	1,396.8
Mar 2024	1,365.3
Dec 2023	1,299.0
Sep 2023	1,408.7
Jun 2023	1,416.7
Mar 2023	1,417.6
Dec 2022	1,453.9
Sep 2022	1,432.6
Jun 2022	1,490.9
Mar 2022	1,526.3
Dec 2021	1,517.3
Sep 2021	1,531.3
Jun 2021	1,524.6
Mar 2021	1,477.3
Dec 2020	1,476.3
Sep 2020	1,454.6
Jun 2020	1,526.2
Mar 2020	1,490.6
Dec 2019	1,500.3
Sep 2019	1,459.7
Jun 2019	1,434.8
Mar 2019	1,414.6
Dec 2018	1,400.6
Sep 2018	1,446.8
Jun 2018	1,448.6
Mar 2018	1,443.1
Dec 2017	1,472.0
Sep 2017	1,450.6
Jun 2017	1,431.8
Mar 2017	1,416.8
Dec 2016	1,363.7
Sep 2016	1,288.8
Jun 2016	1,304.6
Mar 2016	1,331.3
Dec 2015	1,278.0
Sep 2015	1,304.5
Jun 2015	1,356.1
Mar 2015	1,336.0
Dec 2014	1,319.4
Sep 2014	1,350.6
Jun 2014	1,414.9
Mar 2014	1,414.0
Dec 2013	1,388.6
Sep 2013	1,355.1
Jun 2013	1,260.8
Mar 2013	1,204.5
Dec 2012	1,155.7
Sep 2012	1,169.5
Jun 2012	1,208.6
Mar 2012	1,240.5
Dec 2011	1,269.5
Sep 2011	1,287.9
Jun 2011	1,296.3

About this indicator

Source	Statistics New Zealand (Stats NZ)
Frequency	Quarterly
Release	Alrededor de 6 semanas tras el cierre del trimestre, junto al comercio exterior mensual del mismo mes (10:45 hora NZ)
What it is	The terms of trade compare the movement of New Zealand's export prices against its import prices. A rise means the country earns more for each unit it exports relative to what it pays for imports (an improvement in external purchasing power); a fall means the opposite.
How it's calculated	Stats NZ compiles export and import price indices (the Overseas Trade Indexes) from customs records and publishes the ratio of export prices to import prices, together with its quarterly and annual changes.
Market implications	New Zealand relies heavily on exports of dairy and primary products: an improvement in the terms of trade (for example a rise in dairy prices) tends to support the New Zealand dollar (NZD) and national income, while a deterioration weakens them.
Limitations	It is highly sensitive to international commodity prices (dairy in particular) and can be volatile from quarter to quarter without reflecting any structural change in the economy.