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 ($1.15B).
Thereof What goods does New Zealand import? New Zealand imports mainly vehicles (13 percent), nuclear reactors, boilers, machinery and mechanical appliances (13 percent), fuels (10 percent), electrical machinery and equipment (8 percent), plastics (4 percent) and aircraft, spacecraft (4 percent).
Does New Zealand import or export more? New Zealand services export is 17,468,653,571.53 in BoP, current US$ 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%.
Similarly, 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 is New Zealand’s main source of income?
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 is NZ biggest import? 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: $1.3 billion (3.6%)
Does NZ import or export more?
New Zealand services export is 17,468,653,571.53 in BoP, current US$ 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%.
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.
What is the biggest import in NZ?
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 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 is the biggest industry in NZ? Agriculture is New Zealand’s biggest industry. Overall, it generates 70% of NZ’s merchandise export earnings and 12% gross domestic product.
What is the most common job in New Zealand? Most common occupations of people living in New Zealand
- Sales assistant (general) 4.4%
- Office manager. 2.7%
- Chief executive or managing director. 2.2%
- Sales representative (not elsewhere classified) 2.1%
- Labourer (not elsewhere classified) 1.8%
- Commercial cleaner. 1.5%
- General clerk. 1.5%
- Sales and marketing manager. 1.4%
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.
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.
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.
What jobs are in demand in NZ 2021? Payrollers, Quantity Surveyors, Software Engineers and Commercial Solicitors make the list of the top skills required for 2021, according to recruiting experts Hays.
What is required to immigrate to New Zealand?
If you have skills, qualifications or experience that New Zealand needs you may be able to apply for a resident visa under the Skilled Migrant Category. The Skilled Migrant Category is a points system based on factors such as age, work experience, your qualifications, and an offer of skilled employment.
What is the minimum wage in NZ? Hours and wages
| Type of minimum wage | Per hour | 8 hour day |
|---|---|---|
| Adult | $20.00 | $160.00 |
| Starting-out | $16.00 | $128.00 |
| Training | $16.00 | $128.00 |
Which country is richer Australia or New Zealand?
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.
Are there any slums in New Zealand? Auckland’s central city is home to some of the region’s poorest people, living in tiny overcrowded apartments which are threatening to turn some areas into slums.
What is the poorest town in New Zealand?
Kawerau is New Zealand’s poorest town. It has the country’s lowest average income, its highest share of sole parents and beneficiaries, and has been dominated for 30 years by the Mongrel Mob.
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