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%)
Thereof What is New Zealand main 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 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 $11.3 billion, another 3.8% of New Zealand’s total GDP.
Similarly, Does New Zealand import or export more?
New Zealand services export is 17,468,653,571.53 in BoP, current US$ and services import is 15,644,407,721.41 in Bop, current US$. New Zealand exports of goods and services as percentage of GDP is 26.99% and imports of goods and services as percentage of GDP is 27.10%.
What is NZ biggest export?
Searchable List of New Zealand’s Most Valuable Export Products
| Rank | New Zealand Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Concentrated/sweetened milk, cream | $5,646,614,000 |
| 2 | Sheep or goat meat | $2,572,566,000 |
| 3 | Frozen beef | $2,069,414,000 |
| 4 | Rough wood | $2,289,112,000 |
• Feb 25, 2021
What are NZ 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 top 10 exports?
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? 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).
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.
What countries does NZ import 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 does New Zealand import from India? New Zealand tends to export goods such as dairy, meat, oil, and timber, while importing machinery, electronics, and textiles. India is the seventh largest country in world in terms of total land area and it is second most populous country with over 1 billion people.
What can you import from 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%)
Who does NZ export to?
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 the top 5 export countries?
Profiles of the world’s largest exporters
- China. Aside from the European Union (which is a collective of many countries), China is the world’s largest exporter. …
- United States. The U.S. is the second-largest exporter in the world, with an estimated $2.12 trillion in exports for 2020. …
- Germany. …
- Japan. …
- United Kingdom.
What does NZ export to China? 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). The previous high for exports was in May 2021, it said.
Why is New Zealand so poor? New Zealand is remote and has a small domestic population, which makes a lot of local manufacturing less competitive. A country like Denmark can export to every country in Europe more cheaply than New Zealand can export to our closest export market.
What does New Zealand import from China?
| New Zealand Imports from China | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $1.69B | 2020 |
| Machinery, nuclear reactors, boilers | $1.55B | 2020 |
| Furniture, lighting signs, prefabricated buildings | $493.02M | 2020 |
| Plastics | $440.02M | 2020 |
How do I become an importer NZ? Start importing
- submit an electronic import entry or electronic cargo entry (ECI) lodgement.
- pay applicable Customs duties and Goods and Services Tax (GST)
- pay other applicable charges and levies.
- submit appropriate documentation if you’re bringing in any restricted items, including: pets and domestic animals.
What do we export to India?
According to the Office of the U.S. Trade Representative, the top U.S. export categories to India in 2019 by two-digit HS numbers were: Mineral fuels: $8.2 billion. Precious metal and stone (diamonds): $6.4 billion. Aircraft: $2.8 billion.
Does New Zealand have a free trade agreement with India? Our current trade relationship with India*
New Zealand does not currently have an FTA with India. However, India has long been an important trading partner: India is among New Zealand’s top 15 trading partners, with two-way trade in goods and services worth nearly NZ$2.2 billion.
Who does New Zealand import 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.
How much is duty tax in NZ? 15% GST. Duty if required, this depends on where your item is from and what it is. $59.48: Import Transaction Fee $33.03 plus Biosecurity System Entry Levy $26.45.
Who is New Zealand’s biggest 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.
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