Imports from New Zealand plunged 17 percent over a year earlier to NZD 5.0 billion in November of 2020, dragged by disruptions to global supply chains and delays at New Zealand ports. The biggest declines were in imports were aircraft and parts (down NZD 262 million), crude oil (down NZD 146 million), vehicles, parts, and accessories (down NZD 121 million), petrol and diesel (down NZD 119 million), and plastics (down NZD 35 million). In contrast, purchases of mobile phones increased NZD 46 million). By country of origin, imports declined from the United States (-25.5 percent), China (-7.2 percent), Japan (-10.3 percent), and Australia (-4.3 percent). source: Statistics New Zealand
Imports in New Zealand averaged 1750.24 NZD Million from 1960 until 2020, reaching an all time high of 6133.86 NZD Million in October of 2018 and a record low of 37.85 NZD Million in April of 1962. This page provides the latest reported value for - New Zealand Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Imports - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Imports in New Zealand is expected to be 4950.00 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 5210.00 in 12 months time. In the long-term, the New Zealand Imports is projected to trend around 5300.00 NZD Million in 2021 and 5400.00 NZD Million in 2022, according to our econometric models.