Balance of trade in goods and services rose 41.6% to NZD -12.4 bil in New Zealand in 2023, according to the National Statistical Office.
Historically, balance of trade in goods and services in New Zealand reached an all time high of NZD 4.67 bil in 2001 and an all time low of NZD -21.2 bil in 2022. When compared to New Zealand's main peers, balance of trade in goods and services in Australia amounted to AUD 112 bil, IDR 453,658 bil in Indonesia, MYR 93.0 bil in Malaysia and PHP -3,439 bil in Philippines in 2023.
New Zealand has been ranked 91st within the group of 157 countries we follow in terms of balance of trade in goods and services, 41 places below the position seen 10 years ago.
| Balance of Trade In Goods and Services (Local Currency) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Australia | AUD bil | 0.960 | 41.5 | 67.2 | 79.5 | 122 | ||||||||||||||||
| Cambodia | KHR bil | -10,064 | -7,215 | -3,223 | -2,198 | -2,394 | ||||||||||||||||
| China | CNY bil | 605 | 917 | 2,451 | 2,972 | 3,893 | ||||||||||||||||
| Indonesia | IDR bil | -158,599 | -70,411 | 261,018 | 446,209 | 693,657 | ||||||||||||||||
| Malaysia | MYR bil | 97.1 | 114 | 90.3 | 112 | 129 | ||||||||||||||||
| New Zealand | NZD bil | -0.108 | 0.664 | -1.92 | -14.1 | -21.2 | ... | |||||||||||||||
| Papua New Guinea | PGK bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Philippines | PHP bil | -2,144 | -2,357 | -1,394 | -2,325 | -3,449 | ||||||||||||||||
| Singapore | SGD bil | 152 | 151 | 152 | 213 | 280 | ||||||||||||||||
| Taiwan | TWD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Thailand | THB bil | 1,446 | 1,579 | 813 | -21.7 | -367 | ||||||||||||||||
| Vietnam | VND bil | 293,187 | 432,448 | 443,836 | 86,961 | 354,705 | ... |
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