New Zealand's exports grew 13% in the last quarter of 2022 while imports rose 21%, with services exports increasing 28% and imports up 38% driven by the removal of COVID restrictions. The top exports are concentrated milk, sheep and goat meat, rough wood, frozen bovine meat, and butter, mostly to China, Australia, the US, Japan, and South Korea. The main imports are cars, refined petroleum, crude petroleum, delivery trucks, and broadcasting equipment primarily from China, Australia, the US, Japan, and Thailand.
New Zealand's exports grew 13% in the last quarter of 2022 while imports rose 21%, with services exports increasing 28% and imports up 38% driven by the removal of COVID restrictions. The top exports are concentrated milk, sheep and goat meat, rough wood, frozen bovine meat, and butter, mostly to China, Australia, the US, Japan, and South Korea. The main imports are cars, refined petroleum, crude petroleum, delivery trucks, and broadcasting equipment primarily from China, Australia, the US, Japan, and Thailand.
New Zealand's exports grew 13% in the last quarter of 2022 while imports rose 21%, with services exports increasing 28% and imports up 38% driven by the removal of COVID restrictions. The top exports are concentrated milk, sheep and goat meat, rough wood, frozen bovine meat, and butter, mostly to China, Australia, the US, Japan, and South Korea. The main imports are cars, refined petroleum, crude petroleum, delivery trucks, and broadcasting equipment primarily from China, Australia, the US, Japan, and Thailand.
● New Zealand’s exports grew 13% to $72 billion in the last quarter
of December 2022, while goods imports grew 21% to $80.1 billion.
● Driven by the removal of COVID-19 restrictions, services exports are continuing their recovery, rising 28% to $17.9 billion and services imports rising 38% to $26.9 billion. ● The top exports of New Zealand are Concentrated Milk ($11.1B), Sheep and Goat Meat ($4.35B), Rough Wood ($4.31B), Frozen Bovine Meat ($3.77B), and Butter ($3.28B), exporting mostly to China ($22.5B), Australia ($8.03B), United States ($7.18B), Japan ($3.76B), and South Korea ($2.06B). ● In 2021, New Zealand was the world's biggest exporter of Concentrated Milk ($11.1B), Sheep and Goat Meat ($4.35B), Rough Wood ($4.31B), Butter ($3.28B), and Casein ($1.34B) ● The top imports of New Zealand are Cars ($3.79B), Refined Petroleum ($1.75B), Crude Petroleum ($1.72B), Delivery Trucks ($1.45B), and Broadcasting Equipment ($1.15B), importing mostly from China ($10.2B), Australia ($6.7B), United States ($3.22B),