Terms of Trade Index
Most recent - Tuesday 3 March 2026 21:45
Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
Trading range
Forecast history
The most recent announced value for Terms of Trade Index was 3.7% against a forecast of -0.7%.
Past events
Economic context
Recent economic data has been moderately bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Terms of Trade Index result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Building Permits s.a. (MoM) | Bullish change | -4.5% | 1.9% | ||
| Retail Sales (QoQ) | Bearish change | 1.9% | 0.9% | ||
| Retail Sales ex Autos (QoQ) | Bullish change | 1.2% | 1.5% | ||
| Exports | Bearish change | $7.51B | $6.21B | ||
| Imports | Bearish change | $7.6B | $6.7B | ||
| Trade Balance NZD (YoY) | (no change) | $-2.3B | $-2.3B | ||
| RBNZ Interest Rate Decision | (no change) | 2.25% | 2.25% |
About Terms of Trade Index
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Capital Flows |
| Frequency: | Quarterly |
Related events
| Australia | Trade Balance (MoM) | ||
| Australia | Exports (MoM) | ||
| Australia | Imports (MoM) | ||
| Canada | Current Account | ||
| China | Imports (YoY) | ||
| China | Exports (YoY) | ||
| China | Trade Balance USD | ||
| China | Trade Balance CNY | ||
| China | Imports (YoY) CNY | ||
| China | Exports (YoY) CNY | ||
| Germany | Trade Balance s.a. | ||
| Japan | Merchandise Trade Balance Total | ||
| Japan | Exports (YoY) | ||
| Japan | Imports (YoY) | ||
| Japan | Current Account n.s.a. | ||
| New Zealand | Exports | ||
| New Zealand | Trade Balance NZD (YoY) | ||
| New Zealand | Imports |
