What are the major exports in New Zealand?
The foundation of New Zealand’s economy is exporting agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. Dairy is the lead export commodity. Tourism is New Zealand’s largest export industry in terms of foreign exchange earnings. It employs one in seven New Zealanders.
What are the major imports of New Zealand?
New Zealand imports mainly vehicles (13 percent), nuclear reactors, boilers, machinery and mechanical appliances (13 percent), fuels (10 percent), electrical machinery and equipment (8 percent), plastics (4 percent) and aircraft, spacecraft (4 percent).
What is NZ biggest import?
Top 10
- Machinery including computers: US$5.3 billion (14.3% of total imports)
- Vehicles: $4.2 billion (11.3%)
- Electrical machinery, equipment: $3.5 billion (9.4%)
- Mineral fuels including oil: $3.1 billion (8.4%)
- Plastics, plastic articles: $1.5 billion (3.9%)
- Optical, technical, medical apparatus: $1.3 billion (3.6%)
What food does NZ import?
New Zealand imports processed and unprocessed food products like meat and dairy products, grains and seeds, and wine and beverages.
What is NZ biggest export earner?
Searchable List of New Zealand’s Most Valuable Export Products
| Rank | New Zealand Export Product | Change |
|---|---|---|
| 1 | Concentrated/sweetened milk, cream | +3.9% |
| 2 | Sheep or goat meat | -2% |
| 3 | Frozen beef | +0.9% |
| 4 | Rough wood | -12.1% |
What kind of imports does New Zealand get?
Top New Zealand Imports from the World. In 2018, New Zealand bought US$43.7 billion worth of imported products up by 2.8% since 2014 and up by 8.8% from 2017 to 2018. Top 10 New Zealand Imports from China. China’s exports to New Zealand amounted to. $8.6 billion or 19.7% of its overall imports.
What are the trade statistics for New Zealand?
International trade statistics provide information on imports and exports of goods and services between New Zealand and our trading partners. Effects of COVID-19 on trade is a weekly update on New Zealand’s daily goods trade with the world. Comparing the values with previous years shows the potential impacts of COVID-19.
What kind of meat does New Zealand export?
The export revenue for bovine and sheep meat from New Zealand reached a record $4 billion in 2019. The Chinese demand for these products has seen New Zealand experience a high demand for one of their leading export products. New Zealand meat has been in demand for decades because of the best practices implemented during the rearing of the cattle.
Which is the second largest export market for New Zealand?
Sheep and goat meat exports are the second largest export market of New Zealand and account for 12.7% of its total annual exports. Australia and New Zealand compete for the prime position in this global export market, which is worth $7.94 billion annually.