Imports The top imports of New Zealand are Cars ($2.94B), Crude Petroleum ($2.32B), Refined Petroleum ($1.67B), Delivery Trucks ($1.16B), and Gas Turbines ($1.01B), importing mostly from China ($7.35B), Australia ($5.81B), United States ($3.65B), Japan ($2.42B), and Germany ($2B).
Contents
What does New Zealand mainly import?
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 most imported in New Zealand?
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 the major exports of 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.
What are the main countries New Zealand imports from?
New Zealand trade balance, exports and imports by country
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.
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) |
What are the top 10 NZ export products?
Top 10
- Dairy, eggs, honey: US$10.6 billion (28.5% of total exports)
- Meat: $5.2 billion (14%)
- Wood: $2.9 billion (7.9%)
- Fruits, nuts: $2.5 billion (6.7%)
- Cereal/milk preparations: $1.6 billion (4.3%)
- Beverages, spirits, vinegar: $1.5 billion (4%)
- Fish: $1.1 billion (2.8%)
What are NZ Top 5 imports?
New Zealand’s Top 5 Commodity Imports
- Crude Petroleum – $2.5 billion.
- Refined Petroleum – $2.1 billion.
- Aluminium Oxide – $296 million.
- Rubber Tires – $256 million.
- Iron Structures – $162 million.
What is the main product of New Zealand?
Agricultural products—principally meat, dairy products, and fruits and vegetables—are New Zealand’s major exports; crude oil and wood and paper products are also significant. The major imports are crude and refined oil, machinery, and vehicles.
What foods does New Zealand import?
New Zealand imports processed and unprocessed food products like meat and dairy products, grains and seeds, and wine and beverages. MPI protects New Zealand consumers by setting minimum regulatory requirements for the safety of food entering New Zealand.
Is New Zealand export or import?
New Zealand All Products Exports and Imports
New Zealand services export is 17,468,653,571.53 in BoP, current US$ 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 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).
What is New Zealand’s biggest industry?
Agriculture
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 does New Zealand import from USA?
Top U.S. goods exports to New Zealand include aircraft, machinery, vehicles, electric machinery, and optic and medical instruments. Top U.S. goods imports from New Zealand included meat (mostly frozen beef and lamb), beverages (mostly wine), dairy products, machinery, and albuminoidal substances (mostly casein).
Does New Zealand rely on imports?
Trade is critical to New Zealand’s economy. We can only pay for the goods and services we import from overseas by selling exports to other countries. At the moment, international trade (exports and imports) make up around 60% of New Zealand’s total economic activity.
How much of New Zealand’s food is imported?
New Zealand – Food imports as a share of merchandise imports
In 2020, food imports for New Zealand was 13.4 %. Food imports of New Zealand increased from 7.1 % in 1971 to 13.4 % in 2020 growing at an average annual rate of 1.59%.
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.
What does Australia import from New Zealand?
| Australia Imports from New Zealand | Value | Year |
|---|---|---|
| Machinery, nuclear reactors, boilers | $298.71M | 2020 |
| Tobacco and manufactures tobacco substitutes | $205.82M | 2020 |
| Mineral fuels, oils, distillation products | $193.24M | 2020 |
| Wood and articles of wood, wood charcoal | $185.31M | 2020 |
What do you mean by imports?
An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country’s imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit.
What does NZ import from China?
New Zealand’s major imports from China include: Electronics. Machinery. Clothing.
What does New Zealand export to Australia?
| New Zealand Exports to Australia | Value | Year |
|---|---|---|
| Mineral fuels, oils, distillation products | $223.65M | 2020 |
| Wood and articles of wood, wood charcoal | $177.50M | 2020 |
| Edible fruits, nuts, peel of citrus fruit, melons | $176.83M | 2020 |
| Electrical, electronic equipment | $165.83M | 2020 |
