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).
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What are New Zealands 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 NZ biggest export industry?
Tourism was New Zealand’s biggest export industry, contributing 20.1% of total exports. Tourism generated a direct annual contribution to GDP of $16.4 billion, or 5.5%, and a further indirect contribution of $11.3 billion, another 3.8% of New Zealand’s total GDP.
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 is New Zealand’s biggest earner?
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 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 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 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 does New Zealand export to China?
Goods exports
Dairy (milk powder, butter and cheese) Meat products. Wood products. Preparations of cereals, flour and starch.
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 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 is New Zealand so rich?
The rate of new fortune accumulation has been steady since the Second World War. The most likely sectors for fortunes to appear in are manufacturing, and the “deal-making” industries (merchant banking, brokerage, insurance, real estate and property development). Nearly three-quarters of the fortunes were self-made.
Is New Zealand richer than Australia?
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.
What is New Zealand’s main economy?
New Zealand: Economy
| Economic Trivia | Dairy farming is New Zealand’s largest export earner, accounting for 21% of exports. |
|---|---|
| Top Industries | Food Processing; Wood and Paper Products; Textiles; Machinery |
What are NZ’s three biggest imports?
| Related | Last | Unit |
|---|---|---|
| Current Account to GDP | -2.70 | percent of GDP |
| Exports | 4396.00 | NZD Million |
| Imports | 6566.97 | NZD Million |
| Terms of Trade | 1526.00 | points |
What does NZ export to USA?
The top export categories (2-digit HS) in 2020 were: aircraft ($534 million), machinery ($386 million), special other (low value shipments) ($274 million), vehicles ($227 million), and electrical machinery ($199 million).
What are the top 5 export countries?
The top 10 export countries are China, United States, Germany, Japan, Netherlands, Hong Kong, South Korea, Italy, France and Belgium. Collectively, those leading exports-based economies represent over half (52.3%) of total exports by value from all countries.
Is New Zealand export or import?
New Zealand All Products Exports and Imports
New Zealand services export is 17,468,653,571.53 in BoP, current US$ 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 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 rich or poor country?
New Zealand – Poverty and wealth
This ranking is lower than it once was, but still definitely qualifies New Zealand as one of the world’s “wealthy” countries. In terms of per capita GDP it is substantially below the American level, although between 1975 and 1998 real GDP per capita showed steady growth.
