Exports from New Zealand dropped 4.4 percent over a year earlier to NZD 4.78 billion in October of 2020. The biggest declines were milk powder, butter, and cheese, down NZD 198 million (or 14 percent), and meat, down NZD 112 million (or 19 percent), dragged by lower values for sheep meat. In contrast, wood exports were up NZD 84 million (or 22 percent), while those of aircraft and parts exports increased NZD 69 million (617 percent), as aircraft have been sent to the United States for long-term storage as New Zealand’s border closure restricts international travel. Exports to China fell NZD 58 million to NZD 1.4 billion, whereas sales to the US rose by NZD 69 million to NZD 471 million. source: Statistics New Zealand
Exports in New Zealand averaged 1462.50 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 November of 2020.
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.