Imports to New Zealand went up 7.3 percent year-on-year to NZD 5.11 billion in April 2019, after declining 3.5 percent in the prior month. Imports advanced mostly boosted to higher purchases of aircraft & parts (231.4 percent to NZN 0.19 billion); mechanical machinery & equipment (0.9 percent to NZN 0.69 billion); electrical machinery & equipment imports (22.1 percent to NZD 0.45 billion); textiles (15.4 percent to NZn 0.23 billion); and plastic & plastic articles (17.3 percent to NZN 0.20 billion). In contrast, purchases of vehicles, parts & accessories declined 21.8 percent to NZD 0.71 billion, due to an unusually high level in April 2018 when two additional vehicle carriers were unloaded, after shipment delays. By country of origin, imports rose from China (19.2 percent), the EU (18.8 percent), and Australia (17.8 percent), but decreased from Japan (-31.9 percent), South Korea (-13.2 percent) and the US (-6.6 percent). Imports in New Zealand averaged 1661.96 NZD Million from 1960 until 2019, 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.
Imports in New Zealand is expected to be 5300.00 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 4500.00 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.