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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between New Zealand and Australia, each channel at its own period. Left, New Zealand to Australia; right, Australia to New Zealand.

Finance to trade

positions ÷ goods, both directions
Finance to trade10×positions ÷ goods, both directions
Financial positions, both directions121USD bn
Goods, both directions11.7USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceNew Zealand → AustraliaAustralia → New Zealandother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 6.1 / 5.60510Bank claims · quarterly · USD bnQ2 2026 · – / 13.401325Portfolio holdings · half-yearly · USD bnDec 2025 · 29.9 / 26.302550Direct investment · annual · USD bn2024 · 3.2 / 48.1050100Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 10×0.0×10×20×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods New Zealand → Australia

Aug 2025–Jul 2026

exports of New Zealand to Australia, 12 months

Exports, 12 months6.1USD bnreported
0.93importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Australia → New Zealand

Aug 2025–Jul 2026

exports of Australia to New Zealand, 12 months

Exports, 12 months5.6USD bnreported
0.62importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

New Zealand → Australia

Q2 2026

loans and deposits of banks in New Zealand on residents of Australia

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Australia → New Zealand

Q2 2026

loans and deposits of banks in Australia on residents of New Zealand

Position13.4USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

New Zealand → Australia

Q4 2025

securities issued in Australia held by investors in New Zealand

Total29.9USD bn
Equity20.9USD bn
Debt securities9.1USD bn
Sources

Holder to issuer, Q4 2025.

Australia → New Zealand

Q4 2025

securities issued in New Zealand held by investors in Australia

Total26.3USD bn
Equity15.2USD bn
Debt securities11.1USD bn
Sources

Holder to issuer, Q4 2025.

New Zealand → Australia

2024

position of investors in New Zealand in Australia

Position3.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Australia → New Zealand

2024

position of investors in Australia in New Zealand

Position48.1USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.