The Balance of Trade for New Zealand measures the difference between exports and imports of goods over a specified period. A positive balance indicates a trade surplus, while a negative balance indicates a trade deficit. This indicator is crucial for understanding New Zealand's economic relationships with its trading partners and can influence currency valuation and economic policy decisions.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.