Exports from New Zealand dropped 8.5 percent on an annual basis to NZD 4.5 billion in February 2021, recovering modestly from the sharpest fall since March of 2016 recorded in January. The decline was mainly triggered by a 15 percent decrease in milk powder, butter, and cheese exports, down NZD 217 million, driven by a fall in unit values and volumes to most countries excluding China. On the flip side, sales of logs, woods, and wood articles increased NZD 87 million of 28 percent. By destination, exports to China increased by NZD 369 million to NZD 1.5 billion, whereas sales to the United States fell NZD 50 million to NZD 494 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 April of 2021.
Exports 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 Exports in New Zealand to stand at 5400.00 in 12 months time. In the long-term, the New Zealand Exports is projected to trend around 5600.00 NZD Million in 2022, according to our econometric models.