What are 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 are New Zealand’s main exports?

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.

What is New Zealand’s biggest export earner?

Dairy is New Zealand’s biggest export earner – worth about $19 billion a year.

What are New Zealand’s main imports and exports?

Economy of New Zealand

Statistics
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)
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What are New Zealand’s biggest imports?

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 are New Zealands top 5 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 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 the main product of New Zealand?

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 are Australia’s top exports?

The 10 Biggest Exporting Industries in Australia

  • Iron Ore Mining in Australia. …
  • Oil and Gas Extraction in Australia. …
  • Coal Mining in Australia. …
  • Liquefied Natural Gas Production in Australia. …
  • Gold and Other Non-Ferrous Metal Processing in Australia. …
  • Meat Processing in Australia. …
  • Grain Growing in Australia.

What are NZ top 10 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%)
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What are the top 3 exports?

These are the top US exports

  • Top U.S. goods exports.
  • Food, beverage and feed: $133 billion. …
  • Crude oil, fuel and other petroleum products: $109 billion. …
  • Civilian aircraft and aircraft engines: $99 billion. …
  • Auto parts, engines and car tires: $86 billion. …
  • Industrial machines: $57 billion.
  • Passenger cars: $53 billion.

Is New Zealand a 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.

What are New Zealands main imports?

Mechanical machinery and equipment

New Zealand’s main machine and equipment imports include vehicles, mechanical appliances, nuclear reactors, boilers, electrical equipment and aircraft and components. In fact, vehicle and mechanical machinery imports make up New Zealand’s two highest importation expenses.

How much does New Zealand rely on exports?

At the moment, international trade (exports and imports) make up around 60% of New Zealand’s total economic activity.