Exports The top exports of New Zealand are Concentrated Milk ($5.92B), Sheep and Goat Meat ($2.57B), Frozen Bovine Meat ($2.1B), Rough Wood ($2.05B), and Butter ($1.89B), exporting mostly to China ($10.9B), Australia ($5.17B), United States ($4.35B), Japan ($2.34B), and South Korea ($1.12B).
What is NZ biggest export earner?
Dairy is New Zealand's biggest export earner – worth about $19 billion a year.
What are two major exports of NZ?
Leading categories include: beef and beef products ($945 million), wine and related products ($489 million), dairy products ($458 million), other meat products ($254 million), and other livestock products ($102 million).
What is New Zealand's biggest industry?
Agriculture is New Zealand's biggest industry. Overall, it generates 70% of NZ's merchandise export earnings and 12% gross domestic product. New Zealand is the world's largest exporter for dairy and sheep meat, which is evident as you drive past never-ending sheep and cow fields.
What is NZ biggest import?
New Zealand's Top 10 Imports
- Vehicles: US$7.2 billion (14.5% of total imports)
- Machinery including computers: $6.9 billion (14%)
- Electrical machinery, equipment: $4.4 billion (8.8%)
- Mineral fuels including oil: $3.9 billion (7.9%)
- Plastics, plastic articles: $2 billion (4.1%)
What are New Zealands top 5 exports?
New Zealand's Top 10 Exports
- Meat: $5.6 billion (14.6%) Wood: $2.9 billion (7.6%) ...
- Alcoholic beverages: $1.4 billion (3.8%)
- Machines, engines, pumps: $1.3 billion (3.5%) Modified starches, enzymes: $1.1 billion (3%) ...
- Other food preparations: $876.8 million (2.3%) Aluminum: $835.3 million (2.2%)
What are New Zealand's top 5 exports?
New Zealand's Top 10 Exports
- Dairy, eggs, honey: US$12.4 billion (28.5% of total exports)
- Meat: $6.2 billion (14.2%)
- Wood: $3.9 billion (9%)
- Fruits, nuts: $2.8 billion (6.4%)
- Beverages, spirits, vinegar: $1.6 billion (3.7%)
- Cereal/milk preparations: $1.4 billion (3.3%)
How is New Zealand so rich?
Trade. Agricultural products—principally meat, dairy products, and fruits and vegetables—are New Zealand's major exports; crude oil and wood and paper products are also significant. The major imports are crude and refined oil, machinery, and vehicles.
What contributes the most to NZ economy?
Mining, manufacturing, electricity, gas, water, and waste services accounted for 16.5% of GDP as of 2013. The primary sector continues to dominate New Zealand's exports, despite accounting for only 6.5% of GDP as of 2013. The information technology sector is growing rapidly.
What does New Zealand export to Russia?
The main products that New Zealand exported to Russia are Butter ($115M), Apples and Pears ($19.8M), and Therapeutic Appliances ($11M). During the last 25 years the exports of New Zealand to Russia have increased at an annualized rate of 2.74%, from $114M in 1995 to $224M in 2020.
What does New Zealand export to China?
New Zealand's top four exports to China were dairy products (milk powder, butter, and cheese), wood (logs, wood, and wood articles), meat (meat and edible offal), and travel services (including spending by holidaymakers, business travellers, and students).
What are NZ exports?
The country exports mainly dairy produce, birds' eggs, natural honey, edible products of animal origin (24 percent of total exports), meat and edible meat offal (14 percent), wood and articles of wood (7 percent), fruit and nuts, peel of citrus fruit or melons (5 percent) and beverages, spirits and vinegar (4 percent).
Who is NZ biggest trading partner?
China is New Zealand's largest trading partner, with two-way trade (exports and imports of goods and services) exceeding NZ$33 billion.
- New Zealand exports to China.
- New Zealand imports from China.
What does New Zealand export to Australia?
New Zealand-Australia In 2020, New Zealand exported $5.17B to Australia . The main products that New Zealand exported to Australia were Gold ($322M), Wine ($257M), and Other Edible Preparations ($254M).
Who owns New Zealands debt?
At the end of September 2020, about 50 per cent of NZGBs were held by non-residents (i.e. offshore investors) while the remaining 50 per cent were held by residents. Holders of these bonds include asset managers, banks, hedge funds, insurance companies and central banks.
What is NZ debt to GDP 2021?
Net debt will be higher at 37.6% of GDP in 2021/22 compared to 34.0% forecasted in May. The net debt peaks at 40.1% by 2022/23 before falling to 30.2% by the end of the forecast period.
Is it better to live in Australia or New Zealand?
Living In New Zealand
Life in New Zealand tends to move at a more relaxed pace. In 2019, New Zealand was ranked as the second safest country in the world. New Zealand has a lower crime rate than Australia. Plus, you won't have to worry about any snakes!
Which country is richer Australia or New Zealand?
Australians are a third richer than New Zealanders. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. This difference is remarkable given that the two countries enjoyed the same level of income for most of the twentieth century.
Is New Zealand a rich or poor country?
In New Zealand, total wealth rose 4.2 percent and wealth per adult increased 3.1 percent. "New Zealand is the world's fifth richest country as measured per adult wealth," said Credit Suisse's chief investment officer for Asia-Pacific John Woods. "Only Switzerland, Hong Kong, US and Australia rank higher."
What does NZ export to Korea?
New Zealand's major exports to Korea include: industrial goods (metals, organic chemicals, plastics) forestry products, dairy, beef and lamb, kiwifruit and squash. New Zealand's major imports from Korea include: refined oil, cars, electronic equipment and machinery.
Does NZ import or export more?
Popular Indicators - Most Recent Values
New Zealand services export is 17,468,653,571.53 in BoP, current US$ and services import is 15,644,407,721.41 in Bop, current US$. New Zealand exports of goods and services as percentage of GDP is 26.99% and imports of goods and services as percentage of GDP is 27.10%.
What food does New Zealand export?
New Zealand exports more dairy products, lamb and venison than any other country, and is among the leading exporters of beef, kiwifruit, apples and seafood. Natural production advantages and the expertise of local producers and businesses combine to offer significant potential for investors.
