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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Balance of Trade MoM climbed to 1,920M in April 2026
FMPMonthlyReleased May 2026
New Zealand Balance of Trade MoM climbed to 1,920M in April 2026, released May 2026, up 1,490M from March's 430M reading. The print exceeded the 980M consensus by 940M. Balance of Trade MoM has now risen for 3 consecutive months.
Latest Release
1920
Actual
980
Consensus
430
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Bearish AUD | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Bullish NZD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade MoM (New Zealand) was reported at 1,920.00 million in May 2026. This beat the market consensus of 980.00 million by 940.00 million. The reading rose from the previous value of 430.00 million. Trailing 12-month context per ETL data through May 2026.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026. Same-country events in the next 14 days include GDP Growth Rate QoQ (Jun 17) and GDP Growth Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Balance of Trade MoM - NZ
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About Balance of Trade MoM — New Zealand
DEFINITION
New Zealand's Balance of Trade MoM for May surged to 1920 million NZD, significantly beating the 980 million estimate. This marks a sharp increase from April's 430 million NZD, indicating a strong trade surplus expansion. Market focus will remain on upcoming economic data to assess sustained momentum. Updated 5/20/26
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1,920 M, consensus 980 M. Prior reading (Mar 2026): 698 M. Before that (Feb 2026): -257 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.