Exports from New Zealand went up 6.6 percent year-on-year to NZD 4.86 billion in October of 2018, a record high for that month. Among main categories, sales were triggered by fruits (+136.5 percent), mostly due to unusually high kiwifruit exports for an October month; meat and edible offal (+19.8 percent) and mechanical machinery & equipment (+23.1 percent). Petroleum products excluding crude oil exports surged 234.4 percent to NZD 72 million. In contrast, exports of milk powder, butter & cheese declined 3.3 percent. Among major export partners, sales grew to China (24.3 percent), Korea (33.0 percent), the UK (39.0 percent), the EU (31.7 percent), Japan (19.7), and the US (17.7 percent) . In contrast, shipments fell to Hong Kong (-43.8 percent), Indonesia (-19.8 percent), and Australia (-4.1 percent). Exports in New Zealand averaged 1358.96 NZD Million from 1951 until 2018, reaching an all time high of 5508.34 NZD Million in December of 2017 and a record low of 19.68 NZD Million in August of 1954.
Exports in New Zealand is expected to be 5250.00 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 3900.00 in 12 months time. In the long-term, the New Zealand Exports is projected to trend around 5100.00 NZD Million in 2020, according to our econometric models.