Exports from New Zealand advanced 3.0 percent year-on-year to NZD 4.40 billion in January 2019, after declining 3.9 percent in December. Exports were mostly boosted by higher sales of milk powder, butter & cheese category, which jumped 12.3 percent to NZD 1525 million, with milk fats and milk powder rising 18 percent and 16 percent, respectively. Also, sales of logs and wood climbed 13.2 percent to NZD 315 million. On the other hand, exports of meat and edible offal decreased 9.6 percent to NZD 619 million, mainly lamb (-9.1 percent) and beef (-10 percent). By destination, exports went up to China (9.7 percent) and the US (4.0 percent) while fell to Australia (-13.1 percent); the EU (-12.3 percent); and Japan (-2.8 percent). Exports in New Zealand averaged 1371.83 NZD Million from 1951 until 2019, 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 5500.00 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 4900.00 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.