Which three countries are New Zealand’s most important trading partners?

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.

Who is New Zealand’s largest trading partner?

China is by far New Zealand’s biggest trading partner, with second-ranked Australia at 13% of total exports, while the U.S. takes 11% and Japan 5.5%.

Who are our three most important trading partners?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

What are the top 3 exports of New Zealand?

Searchable List of New Zealand’s Most Valuable Export Products

Rank New Zealand Export Product Change
1 Concentrated/sweetened milk, cream +3.9%
2 Sheep or goat meat -2%
3 Frozen beef +0.9%
4 Rough wood -12.1%

What are the most important trade partners of the country?

List of the largest trading partners of the United States

Rank Country/District Trade Balance
World -795,690
European Union -151,363
1 China -375,576
2 Canada -17,054
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What countries trade with NZ?

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 countries does NZ have special trade agreements with?

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (2018), with:

  • Australia.
  • Brunei.
  • Canada.
  • Chile.
  • Japan.
  • Malaysia.
  • Mexico.
  • Peru.

What 3 countries are leading import partners to the European Union?

List of the largest trading partners of the European Union

Rank Country/district Imports
1 China 383.5
2 United States 202
3 United Kingdom 167.2
4 Switzerland 108.6

Which countries dominate international trade?

The 10 Countries That Will Dominate World Trade In 2050

  • #10 Hong Kong. Trade in 2050: $8.5 trillion. Percent of world trade: 2.3% …
  • #9 Singapore. AP. …
  • #8 Japan. Trade in 2050: $8.76 trillion. …
  • #7 Thailand. Wikimedia Commons. …
  • #6 Indonesia. Luke Duggleby. …
  • #5 Germany. AP. …
  • #4 Korea. Wikimedia Commons. …
  • #3 U.S. Wikimedia Commons.

Which country is Nigeria largest trading partner?

Although agriculture continues to employ close to 70% of the labour force, oil remains the key economic sector. Nigeria’s main trade partners are Brazil, China, India, Japan, US and the European Union. The country’s long-term economic performance remains broadly positive, driven by rising oil and gas production.

What is New Zealand’s 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. In 2020, New Zealand exports to the U.S. totaled US$4.2 billion, approximately 10% of New Zealand’s total exports.

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What are New Zealand’s 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 country does NZ export to the most?

Top 10 Export Countries

Country Export USD$
China $11,040,241,425
Australia $5,741,278,007
United States $3,717,657,154
Japan $2,310,678,734

What are trading partners?

trading partners. DEFINITIONS1. a country or company that another country or company does business with regularly. Synonyms and related words.

What countries trade what?

Largest countries by total international trade

Rank State Total international trade of goods and services (billions of USD)
European Union 5,425
1 United States 4,921
2 China 4,342
3 Germany 3,366