New Zealand’s main exports to the EU continued to be: sheepmeat, kiwifruit, optical and medical instruments, fish, and wine which together accounted for over 50% of all exports to the EU.
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What does NZ export to EU?
Trade picture
New Zealand’s exports to the EU are largely dominated by agricultural products (65.2%) while EU’s exports to New Zealand are focused on manufactured goods (80.5%).
What is New Zealand’s main export?
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 products do we export to the EU?
In 2020, the top 5 EU export products were machinery and equipment (13.0 % of total exports), pharmaceutical products (11.1 %), motor vehicles (10.7 %), chemical products (8.8 %) and computer, electronic and optical products (8.4 %).
Does New Zealand have a trade deal with EU?
European Union (EU)-New Zealand free trade agreement
New Zealand is negotiating a free trade agreement with the European Union, one of the world’s largest trading entities.
What does New Zealand export to the UK?
New Zealand’s main goods exports to the UK include meat, wine, fruit, some machinery, eggs, honey and wool and were worth NZ$1.5 billion in 2020. The main goods imports from the UK include vehicles and parts, machinery, equipment, and pharmaceuticals and totalled NZ$1.7 billion in 2020.
Is New Zealand in European Union?
The EU is New Zealand’s third-largest trading partner, after China and Australia, and New Zealand is the EU’s 50th.
Trade.
| EU–New Zealand trade | ||
|---|---|---|
| Direction of trade | Goods | Services |
| New Zealand to EU | €3.4 billion (2017) €3.4 billion (2016) €3.5 billion (2015) | €1.7 billion (2016) €1.7 billion (2015) €1.4 billion (2014) |
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 are New Zealands 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%)
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) |
Who is the biggest exporter in Europe?
China
List of the largest trading partners of the European Union
| Rank | Country/district | Exports |
|---|---|---|
| 1 | China | 202.5 |
| 2 | United States | 353 |
| 3 | United Kingdom | 277.5 |
| 4 | Switzerland | 142.4 |
Who is EU biggest export market?
The seven largest destination markets for EU exports of goods — the United States, the United Kingdom, China, Switzerland, Russia, Turkey and Japan — accounted for more than three fifths (61.0 %) of all EU exports of goods.
What products are in high demand in Europe?
The European countries that present the most opportunities overall are Germany, United Kingdom, Netherlands and Spain. The products most in demand are ginger, uncrushed pepper, dried capsicum or pimenta, curcuma, cinnamon and cloves.
Who does New Zealand trade with?
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.
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.
What countries does NZ have free trade agreements with?
New Zealand signed a FTA involving 11 countries in the Asia-Pacific region, including Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore and Vietnam called the the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): Comprehensive and Progressive Agreement
How much trade does the UK do with New Zealand?
Overall, only a tiny proportion of UK trade is done with New Zealand, less than 0.2%.
Is New Zealand still under British rule?
New Zealand officially became a separate colony within the British Empire, severing its link to New South Wales. North, South and Stewart islands were to be known respectively as the provinces of New Ulster, New Munster and New Leinster.
Does the UK have a trade deal with New Zealand?
Negotiations launched on 17 June 2020. On 20 October 2021, the UK and New Zealand reached agreement in principle on a free trade agreement. The main elements of the trade agreement between the UK and New Zealand have now been agreed.
Is New Zealand a good place to live?
New Zealand is known worldwide for its quality of life and relaxed pace. New Zealanders have a strong work ethic but also believe in having a good work life balance. Even in our biggest cities, you are never too far from a beach, bike trail, or national park.
What currency does NZ use?
New Zealand dollarNew Zealand’s unit of currency is the dollar (NZ$). All major credit cards can be used in New Zealand, with Visa and MasterCard accepted most widely.
