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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Balance of Trade YoY climbed to -2,760M in April 2026
FMPMonthlyReleased May 2026
New Zealand Balance of Trade YoY climbed to -2,760M in April 2026, released May 2026, up 730M from March's -3,490M reading.
Latest Release
-2760.000000
Actual
—
Consensus
-3490.000000
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 YoY (New Zealand) was reported at -2,760.00 million in May 2026. The reading rose from the previous value of -3,490.00 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 YoY - NZ
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About Balance of Trade YoY — New Zealand
DEFINITION
New Zealand's Balance of Trade YoY improved to -2760 million NZD in May, narrowing from April's -3190 million NZD. The data shows a reduced trade deficit compared to the previous month, signaling a positive shift in trade dynamics. Market focus will remain on upcoming economic indicators and central bank commentary for further direction. 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 -2,760 M. Prior reading (Mar 2026): -3,190 M. Before that (Feb 2026): -3,000 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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.