Exports from New Zealand dropped 10 percent on an annual basis to NZD 4.2 billion in January 2021, falling the most since March of 2016. The decline was mainly explained by a sharp 18 percent drop in sales of meat & edible offal (down NZD 141 million) and an 11 percent decline in exports of milk powder, butter & cheese (down NZD 172 million). Also, sales of preparations of milk, cereals, flour & starch declined 41 percent to NZD 64 million. On the flip side, sales of respiratory equipment jumped NZD 32 million or 86 percent. By destination, exports to China increased by NZD 31 million to NZD 1.3 billion, whereas sales to the US decreased by NZD 77 million to NZD 407 million. source: Statistics New Zealand
Exports in New Zealand averaged 1466.97 NZD Million from 1951 until 2020, reaching an all time high of 5814.84 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 March of 2021.
Exports in New Zealand is expected to be 5100.00 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 5200.00 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.