Imports to New Zealand rose 12.9 percent year-on-year to NZD 4.80 billion in February 2019, after increasing 6.9 percent in the prior month. Imports were mainly driven by higher purchases of vehicles, partes & accessories (+26.6 percent to NZD 634 million); petroleum & products (+14.1 percent to NZD 514 million); and aircraft & parts (+521.1 percent to NZD 145 million). In contrast, imports dropped for fertilizers (-56.1 percent to NZD 21 million) and food residues, wastes and fodder (-29.5 percent to NZD 84 million). By country of origin, purchases increased from China (9.3 percent), Japan (100.6 percent); the EU (30.0 percent), the US (19.3 percent), and Australia (2.2 percent). Meanwhile, imports declined from Singapore (-31.4 percent), the United Arab Emirates (-17.7 percent), and Thailand (-11.9 percent). Imports in New Zealand averaged 1652.76 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 5100.00 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 5300.00 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.