In 2019, New Zealand major trading partner countries for exports were China, Australia, United States, Japan and Korea, Rep. and for imports they were China, Australia, United States, Japan and Germany.
Who does New Zealand mainly trade with?
New Zealand Exports Drop 8.5% YoY
The main export partners are China (18 percent of total exports), Australia (17 percent), the US (12 percent), Japan (6 percent), the UK and South Korea (3 percent each).
Who is NZ largest 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.
Is NZ still trading with China?
China continues to be New Zealand’s top trading partner, with two-way goods and services trade totalling NZ$31.5 billion in 2020 (down 5.6% from 2019). … The overall goods and services trade balance between China and New Zealand in 2020 was +NZ$5.7 billion.
Does New Zealand trade with Australia?
New Zealand and Australia’s economic and trading relationship is recognised as one of the closest, broadest and mutually compatible in the world. Since 1983 trade between New Zealand and Australia has increased steadily. Trans-Tasman trade in goods was NZ$14. 8 billion.
What are New Zealand’s main imports and exports?
Economy of New Zealand
|Exports||$62.4 billion (FY 2020)|
|Export goods||Dairy products, meat, logs and wood products, fruit, machinery and equipment, wine, fish and seafood|
|Main export partners||China 23.0% Australia 16.4% United States 11.4% European Union 10.6% Japan 5.3% (FY 2019/20)|
|Imports||$59.6 billion (FY 2020)|
What is New Zealand’s biggest exports?
Exports The top exports of New Zealand are Concentrated Milk ($5.73B), Sheep and Goat Meat ($2.62B), Rough Wood ($2.31B), Butter ($2.29B), and Frozen Bovine Meat ($2.09B), exporting mostly to China ($11.1B), Australia ($5.7B), United States ($3.78B), Japan ($2.38B), and South Korea ($1.15B).
What does China buy from NZ?
China received 44 percent of New Zealand’s dairy, 90 percent of logs, and 41 percent of meat, Stats NZ said. In June 2021, the value of all New Zealand goods exports rose 17 percent from June 2020 to 6 billion NZ dollars (4.18 billion U.S. dollars).
Is New Zealand poor country?
Approximately 305,000 children in New Zealand live in poverty. This means over a quarter of children living within the country are underprivileged. Additionally, 14 percent of these children cannot afford basic food, housing or clothing.
Who does Australia trade with the most?
Australia top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
What percent of NZ trade is with China?
Since 2017, China has been New Zealand’s top trading partner, and from 2013 the second-largest trading partner. In the year ended December 2019, 23 percent of New Zealand’s total goods and services exports and 16 percent of imports by value were with China.
Who is China’s largest importer?
List of largest trading partners of China
|Rank||Country / Territory||Imports|
Who are your country’s biggest trading partners?
China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.
Are NZ and Australia allies?
Australia and New Zealand are natural allies with a strong trans-Tasman sense of family. … At a government-to-government level, Australia’s relationship with New Zealand is the closest and most comprehensive of all our bilateral relationships.
Why do Australia and New Zealand have such a close trade relationship?
Foreign relations between Australia and New Zealand, also referred to as Trans-Tasman relations, are extremely close. Both countries share a British colonial heritage as antipodean Dominions and settler colonies, and both are part of the wider Anglosphere.
Why does Australia trade with NZ?
The objectives of ANZCERTA are to: strengthen the broader relationship between Australia and New Zealand. develop closer economic relations between the Member States through a mutually beneficial expansion of free trade between New Zealand and Australia.