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New Zealand Terms of Trade
New Zealand's terms of trade index measures the ratio of export prices to import prices. An improving terms of trade means exports are becoming relatively more valuable compared to imports.
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Why Terms of Trade matters for NZD
For commodity-exporting economies (Australia, Canada, New Zealand), rising commodity prices improve the terms of trade and support the nzd. Falling terms of trade erode export revenue and can weaken the nzd.
How to interpret this series
Rising terms of trade is nzd-positive as it implies more import purchasing power per unit of exports. Deteriorating terms of trade, such as when commodity prices fall while import costs rise, is a headwind for the nzd.
Historical Terms of Trade
Source: Stats NZ/RBNZ. Cadence: Quarterly. Unit: Index. Coverage metadata updating.
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related New Zealand indicators
Move to adjacent releases in the same macro category.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Terms of Trade updated?
Terms of Trade for New Zealand is released on a quarterly schedule by Reserve Bank of New Zealand (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Terms of Trade reported in?
The series is published in Index. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source New Zealand Terms of Trade data?
Data is fetched directly from Reserve Bank of New Zealand or the official national statistics publication for New Zealand. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Terms of Trade for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/terms_of_trade?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.