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. In 2020, New Zealand exports to the U.S. totaled US$4.2 billion, approximately 10% of New Zealand’s total exports.
What are New Zealand’s 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 Zealands exports?
Economy of New Zealand
|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 is New Zealand’s 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 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: $53 billion.
What are Australia’s exports?
New Zealand All Products Exports and Imports
New Zealand services export is 17,468,653,571.53 in BoP, current US$ 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 is the total value of NZ exports?
In June 2021, the value of all goods exports rose $871 million (17 percent) from June 2020 to $6.0 billion. The previous high for exports was in May 2021 ($5.9 billion).