Exports from New Zealand dropped 2.7 percent on an annual basis to NZD 5.3 billion in December of 2020. The decline was mainly explained by a sharp drop in sales of milk powder, butter & cheese, down NZD 377 million or 19 percent. Also, sales of crude oil plummeted by NZD 62 million or 77 percent, while meat and offal exports declined NZD 50 million (or 6.3 percent). On the flip side, sales of respiratory equipment jumped NZD 93 million or 104 percent. By destination, exports to China declined by NZD 97 million to NZD 1.8 billion, whereas sales to the US increased by NZD 60 million to NZD 526 million. source: Statistics New Zealand
Exports in New Zealand averaged 1466.97 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 February of 2021.
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.