Imports to New Zealand slumped 22 percent from a year ago to a four-year low of NZD 3.99 billion in April 2020. It was the second sharpest fall on record, amid lockdowns due to the coronavirus pandemic. Purchases dropped for petroleum & products (-57.8 percent to NZD 0.26 billion), namely crude oil (-77 percent); vehicles, parts & accessories (-38.4 percent to NZD 0.44 billion), of which cars (-52 percent) and trucks and vans (-52 percent); and electrical mechanical machinery & equipment (-31.9 percent to NZD 0.31 billion). Among major trading partners, shipments declined from the US (-9.4 percent), Australia (-16.4 percent) and the EU (-40 percent), but rose from China (7.8 percent).
Imports in New Zealand averaged 1721.32 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 June of 2020. source: Statistics New Zealand
Imports 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 Imports in New Zealand to stand at 5100.00 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.