Exports from New Zealand increases 2.2 percent over a year earlier to NZD 5.1 billion in June of 2020, amid the coronavirus crisis. Sales were driven by milk powder, butter & cheese (+7.9 percent), followed by meat and edible offal (+7.2 percent). In contrast, main falls were recorded in crude oil (-71 percent) and fish, crustaceans, and molluscs (-19 percent). Among top trading partners, exports to China were down NZD 19 million to NZD 1.3 billion and sales to Australia dropped NZD 30 million to NZD 669 million, but sales to the United States increased by NZD 73 million to NZD 587 million.
Exports in New Zealand averaged 1447.68 NZD Million from 1951 until 2020, reaching an all time high of 5814.88 NZD Million in March of 2020 and a record low of 19.68 NZD Million in August of 1954. This page provides the latest reported value for - New Zealand Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Exports - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics New Zealand
Exports in New Zealand is expected to be 4900.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in New Zealand to stand at 5400.00 in 12 months time. In the long-term, the New Zealand Exports is projected to trend around 5400.00 NZD Million in 2021 and 5600.00 NZD Million in 2022, according to our econometric models.