Imports to New Zealand edged down 0.6 percent year-on-year to NZD 5.80 billion in November of 2018. Among main categories, imports were dragged by vehicles (-22.5 percent to NZD 647 million), oil & products (-10.6 percent to NZD 504 million), and mechanical machinery (-6.5 percent to NZD 782 million). In contrast, textile and plastic imports jumped 15.0 percent and 12.9 percent, respectively. Among main partners, imports from the US plunged 34.8 percent and from Japan 20.3 percent. In contrast, purchases from China rose 13.6 percent. Imports in New Zealand averaged 1637.96 NZD Million from 1960 until 2018, reaching an all time high of 6134 NZD Million in October of 2018 and a record low of 37.85 NZD Million in April of 1962.
Imports in New Zealand is expected to be 5700.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in New Zealand to stand at 5450.00 in 12 months time. In the long-term, the New Zealand Imports is projected to trend around 5400.00 NZD Million in 2020, according to our econometric models.