Exports from New Zealand declined 6.1 percent over a year earlier to NZD 5.4 billion in May of 2020, amid the coronavirus crisis. Exports were mainly dragged by logs & wood (-14.2 percent), of which log (-12.3 percent); mechanical machinery & equipment (-20 percent); fish, crustaceans, and mollusks (-34 percent); miscellaneous edible preparations (-19.2 percent); and fruit (-1.4 percent). In contrast, exports of milk powder, butter & cheese climbed 4.5 percent to NZD 1.33 billion. Among main trade partners, exports went down to China (-5 percent), Australia (-9.6 percent), the US (-13.8 percent), the EU (-15.8 percent) and South Korea (-7.4 percent), but rose to Taiwan (7 percent) and remained practically unchanged for Japan.
Exports in New Zealand averaged 1443.32 NZD Million from 1951 until 2020, reaching an all time high of 5814.88 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 July of 2020. source: Statistics New Zealand
Exports in New Zealand is expected to be 4900.00 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 5400.00 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.