Import and export prices · New Zealand
New Zealand Export Prices QoQ
The New Zealand Export Prices QoQ measures the change in the prices of goods that New Zealand buys from (imports) or sells to (exports) the rest of the world.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- NZD · New Zealand dollar
- Central bank
- The Reserve Bank of New Zealand
Latest figures
The latest release for Q2, published on 2 September 2026, came in at 3.5%, up from -2.6% the time before (revised).
Over the last 7 releases it ranged from -2.7% to 7.1%, averaging 2.1%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 2 Sep 2026 | Q2 | 3.5% | – | -2.6% ® |
| 2 Jun 2026 | Q1 | -2.7% | – | 5.3% |
| 3 Mar 2026 | Q4 | 5.3% | 0.5% | -1.6% |
| 1 Dec 2025 | Q3 | -1.6% | – | 0.3% ® |
| 1 Sep 2025 | Q2 | 0.2% | – | 7.1% |
| 2 Jun 2025 | Q1 | 7.1% | 3.7% | 3.2% |
| 2 Mar 2025 | Q4 | 3.2% | 2.3% | 0.7% |
Why it matters
Import prices pass through to consumer inflation, especially when the New Zealand dollar has weakened. Export prices and the terms of trade (export ÷ import prices) show how much a country earns for what it sells, which matters for commodity exporters such as Australia, Canada and New Zealand.
How it is calculated
Prices of traded goods are surveyed or taken from customs data and weighted by trade shares.
Terms of trade = export price index ÷ import price index × 100What changes mean
- Rising import prices with a weak currency: more inflation ahead.
- Improving terms of trade support national income and the currency.
A short history
Terms of trade have been studied since David Ricardo's comparative advantage (1817); the Prebisch–Singer thesis (1950) argued that commodity exporters' terms of trade tend to decline.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Questions
What is the New Zealand Export Prices QoQ?
The New Zealand Export Prices QoQ measures the change in the prices of goods that New Zealand buys from (imports) or sells to (exports) the rest of the world.
What was the latest New Zealand Export Prices QoQ?
3.5% for Q2, published on 2 September 2026.
When is the next New Zealand Export Prices QoQ?
On Tuesday 1 December 2026 at 21:45 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.