New Zealand’s Top 2 Trading Partners

Did you know that New Zealand’s Top 2 trading partners are Australia (NZ$14.6 Billion) and the US (NZ$9.3 Billion) Here is a breakdown of other major trading partners:

TRADE BETWEEN NEW ZEALAND AND AUSTRALIA

• The Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) is built on a series of earlier preferential trade agreements between Australia and New Zealand, including the 1966 New Zealand and Australia Free Trade Agreement (NAFTA)
• Total value of Imports and Exports from New Zealand – NZD$14.6b
• Australia is New Zealand’s principal export market, worth NZD$6.4b
• Australia is New Zealand’s largest source of merchandise imports, worth NZD$8b, accounting for 20.1% of total imports

Major Australian exports to New Zealand (2005-06):

• Refined petroleum - A$504 million
• Passenger motor vehicles - A$439 million
• Medicaments (including veterinary) - A$424 million
• Computers - A$383 million
• Major Australian imports from New Zealand (2005-06):
• Crude petroleum - A$348 million
• Paper and paperboard - A$282 million
• Non-monetary gold - A$244 million
• Food products, sauces, soups, etc - A$217 million

TRADE BETWEEN NEW ZEALAND AND THE US

• The United States is one of New Zealand’s three most important export markets and a major source of New Zealand imports and investment.
• Two-way trade amounts to NZ$6 billion.

New Zealand Imports from the United States. - Product Value (US $ million)
TOTAL: US$2,321.1m
TOP 10

• Machinery US$543.4
• Aircraft and parts US$224.7
• Computers and parts US$209.4
• Electrical appliances and equipment US$187.7
• Motor vehicles US$127.6
• Food US$111.0
• Medical and vet instruments US$95.3
• Multimedia recording and transmission apparatus US$81.1
• Medicaments and pharmaceuticals US$48.7
• Fertilizers and insecticides US$47.8

New Zealand Exports to the United States - Product Value (US $ million)
TOTAL: US$2,492.3m
TOP 10

• Beef US$545.1
• Dairy products US$423.7
• Wood US$222.1
• Sheepmeat US$145.5
• Machinery and parts US$141.6
• Fish US$128.5
• Fruit and vegetables US$76.9
• Yachts and other boats US$68.8
• Prepared food US$67.8
• Motor vehicle parts US$64.6