The complete list of New Zealand stocks. New Zealand's major exports to Fiji are 1. The jobs of more than 600,000 New Zealanders are in direct export sectors or in sectors supporting exports. New-zealand trade relationship with global countries based on partial data. This is the case for a number of key reasons: Goods made up 70% of New Zealand goods and services exports and were valued at $53.6 billion in the year ending December 2017. NewZealands goods trade has, by and large, fared relatively well through the pandemic. Email: enquiries@standards.govt.nz. Washington, DC 20230. Relations between Germany and New Zealand are based on shared interests and values. For our major primary sectors - meat, dairy, fisheries, wine, forestry and . The recent announcement of a phased border opening through till October 2022 will likely be a turning point for services exports - particularly for travel services. The U.S. goods trade deficit with New Zealand was $1 billion in 2020. Since 2000, regional and bilateral free trade agreements (FTAs) have flourished worldwide. Anecdotally, as labour shortages have put pressure on production capacity, some businesses have looked to deepen their capital investment by importing technology to ease the burden that has come from lack of staff. We work hard to expand opportunities and improve conditions for New Zealand in overseas markets and we support international trade rules which, alongside other government policies, support sustainable and inclusive economic development. The largest remaining market we dont have a free trade agreement with is the US, making up 11% of two-way trade. In 2019, New Zealand major trading partner countries for exports were China, Australia, United States, Japan and Korea, Rep. and for imports they were China, Australia, United States, Japan and Germany . Other services exports have held up well through the last two years of the pandemic, with computer and information services (up $217 million) and intellectual property (up $377 million), showing more resilience to border and lockdown restrictions given the more digitally integrated nature of these sectors. Yachts 2. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. However, with the economic recovery and the loosening of COVID-19 restrictions occurring in other countries such as the EU, the US, SouthKorea, and Singapore there may be potential for these markets to pick some of the slack that may result from a slowing Chinese economy. Buy an Internet Franchise in New Zealand. Many of these jobs are in the regions. The two countries are often like-minded partners in international affairs, trade, research . It's also the first time New Zealand has ever launched a trade dispute under a free trade agreement . However, New Zealand contributes 4.8% of meat and meat preparation imports, making it the UK's seventh largest meat import partner. Table, kitchen or other household articles and parts thereof, of iron or steel; iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel. New Zealand was the United States' 47th largest goods export market in 2020. NewZealands international trade in services has been severely impacted by border settings. Farmers want to keep the status quo, but the country has a decision to make. Secure .gov websites use HTTPS (external link). Goods exports are now well above pre-COVID levels in 2019, with increasing export prices (particularly commodities) being the main driver for higher export revenues. Were the number one sheep meat exporter, the number one dairy product exporter and the second biggest wool exporter. . New Zealand's biggest partners are China (29% of all exports in 2020), Australia (14%), the United States (12%), Japan, and South Korea. Leading services imports from New Zealand to the U.S. were in the travel, transportation, and Personal, cultural and recreational services sectors. And although goods export revenues are overall up this may reflect differing outcomes at an individual business level, with our feedback form the export community indicating that smaller export businesses are finding the international environment (particularly disruption to supply chains) much more challenging to overcome that New Zealands major commodity exporters. Overseas markets provide the opportunity for New Zealand businesses to grow to a scale that simply could not happen in New Zealand alone. Please note the exports, imports and tariff data are based on reported data and not gap filled. Unlock a range of great benefits as you progress through the tiers. As prices rise at a rapid rate, this may reduce households purchasing power and could have a softening effect on future household demand for domestic and imported goods. This report looks at New Zealands goods and services trade performance for the 2021 calendar year, following the release of international trade data for the December 2021 quarter (released 3 March 2022). For business this means adopting new technologies and investment choices, e.g., introduction of electric vehicle fleets. Fonterra and Mainfreight have both chosen to locate their European Headquarters in the Netherlands. The United States is New Zealands third largest trading partner after China and Australia, with whom New Zealand has Free Trade Agreements. Despite ongoing supply chain issues, goods imports are 8% higher than pre-COVID levels. Our open economy has meant New Zealand importers and consumers now enjoy access to a much wider and more competitively priced range of goods and services. but this year will (hopefully) mark a turning point for services trade with the lifting of border restrictions. U.S. imports of services from New Zealand were an estimated $1.5 billion in 2020, 44.3 percent ($1.2 billion) less than 2019, but 11 percent greater than 2010 levels. Two way trade across almost all of NewZealands top 10 markets grew in 2021. Trade in services with New Zealand (exports and imports) totaled an estimated $3.4 billion in 2020. We use cookies and other tracking technologies to improve your browsing experience on our website, to analyze our website traffic, and to understand where our visitors are coming from. U.S. exports of services to New Zealand were an estimated $1.8 billion in 2020, 42.7 percent ($1.4 billion) less than 2019, but 6 percent less than 2010 levels. This reflects solid domestic consumer demand, with imports such as furniture (up 10%), toys and games (up 27%), and clothing apparel (70%) all increasing. The usual suspects continued to perform well over 2021, with dairy (up 7%), meat (up 8%), wood (up 22%), machinery (up 15%), and fish (up 4%) all experiencing increases in overall trade value over 2021. New Zealand is a strong advocate for free trade and the regional and international institutions that support it. U.S. goods exports to New Zealand in 2020 were $3.2 billion, down 19.0 percent ($752 million) from 2019 but up 13 percent from 2010. Free phone within New Zealand: 0800 782 632. Unsurprisingly, New Zealands two largest pre-COVID services exportstourism and international educationfell a combined 51% in 2021 to $4.2 billion. It is important that we continue to negotiate high-quality comprehensive FTAs that cover trade in services and investment, as well as trade in goods. eToro minimum deposit is 50. 89.42.42.102 Wide range of products. On-going supply chain issues have also led to rising prices for imports. According to an impact assessment on the FTA, trade between New Zealand and the EU is expected to increase by 30%, with removing tariffs alone saving businesses 140 million in duties per year. In the short term this will translate through to the New Zealand economy via higher imported fuel and commodity prices. (Source: IMF). These exports include tourism (our largest service export), transport, education and commercial services such as IT, telecommunications, accounting and film production. BI Managment Consulting - Consulting Franchise Opportunity. The top export destinations of New Zealand are China ($9.75 billion), Australia ($6.17 billion), United States ($3.82 billion), Japan ($2.43 billion), and South Korea ($1.25 billion). Agricultural goods New Zealand is the worlds 12th largest agricultural exporter by value and the #2 dairy exporter in the world. New Zealand imported $2.5 billion in services and $10.4 billion in goods from the EU in 2021. New Zealand consistently ranks high in measures of business honesty and integrity, and these features tend to offset the small market size. The wine sector also experienced a $60 million drop in exports compared to 2020 driven by a small harvest. This information released in this report aligns with the provisions of the Official Information Act 1982. Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. NewZealand's two-way trade increased 8% to $163.6 billion for the year ended December 2021, comprising $77.2 billion in exports, and $85.4 billion in imports, leading to a trade deficit of $8.2 billion. U.S. agricultural machinery, ICT, and healthcare products are key items sold to New Zealand. You can find out more information on our Privacy Page. Company Name. The accompanying list reveals New Zealand's 10 top trade partners, accounting for 67.2% of total exports. New Zealands total exports declined by 1% for the year ended December 2021, with strong growth in goods exports (up 6% to $63.3 b), offset by a 25% decline in services exports to $13.9 billion. Another top rated Trading Platforms and in New Zealand broker Roboforex offers Forex, CFDs. The U.S. goods and services trade deficit with New Zealand was $681 million in 2020. Goods exports totaled $3.2 billion; goods imports totaled $4.2 billion. Trade Flow. NewZealand's two-way trade rose 8% to $163.6 billion in 2021, comprising $77.2 billion in exports, and $85.4 billion in imports. To find the best forex brokers in New Zealand, we created a list of all FMA authorised brokers, then ranked brokers by their Overall ranking. Its main trading partners are: China, Australia, the US, Japan and South Korea. Trade is critical to New Zealands economy. This will result in strong export earnings for Dairy processors with farmers set to receive record pay-outs for the current season. Unprecedented amounts of monetary and fiscal stimulus have been poured into the global economy to buffer the economic impacts of the pandemic and lockdowns. A recovery in business investment also supported demand for capital goods, including electrical and mechanical machinery. New Zealand accounted for 0.2% of all UK imports of goods in the first half of 2020. Markets also continued to watch for policy signals from top trading partner China on whether it is considering dialing back its zero-Covid policy. The latest information regarding significant trade barriers can be found in the 2021 National Trade Estimate Report, see here. In 2020, New Zealand major trading partner countries for exports were China, Australia, United States, Japan and Korea, Rep. and for imports they were China, Australia, United States, Japan and Korea, Rep.. Country. New Zealand was the United States' 47th largest goods export market in 2020. The top export categories (2-digit HS) in 2020 were: aircraft ($534 million), machinery ($386 million), special other (low value shipments) ($274 million), vehicles ($227 million), and electrical machinery ($199 million). WELLINGTON -New Zealand's trade minister accused Canada on Monday of having "locked out" his nation's farmers in a dispute over dairy . Increased consumer demand combined with international supply chain problems has now seen inflationary pressures appear globally. 6. Denning Investment Partners is an independently. U.S. total imports of agricultural products from New Zealand totaled $2.6 billion in 2020, our 16th largest supplier of agricultural imports. New Zealand's exports to the EU are largely dominated by agricultural products, while the EU's exports to New Zealand are focused on manufactured goods. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. New Zealand's direct investment in the U.S. is led by manufacturing, wholesale trade, and information services. We recommend them as companies that offer personal service, that won't treat you as a number and that share our passion about your business success. The best rated Trading Platforms and in New Zealand broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Click to reveal New Zealand Foreign Affairs & Trade | Manat Aorere, 195 Lambton Quay, Private Bag 18 901, Wellington 6160, New Zealand, An overview of New Zealands trade in 2021, Graduate and Intermediate Policy Officer Opportunities, Brokering weapons and dual-use items for military use, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Our aid partnerships beyond the Pacific and south-east Asia, Guidelines for the diplomatic and consular corps, Our Commitment to Antarctica and the Southern Ocean, An overview of New Zealand's trade in 2021 - March 2022. Egypt Major Trade Partners. Longer term the pivotal role of energy and food in the global economy and may mean that any extended conflict could also weigh on global economic activity. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto. However, its unclear how much global appetite, and how quickly international tourism to NewZealand, will recover. Netherlands - New Zealand relations is the official relationship between the Kingdom of the Netherlands and New Zealand. Its critical we work to secure the FTAs we have under negotiation, and make sure we help businesses to take full advantage of our current agreements. . The cost of transporting goods to New Zealand doubled in the year to December2021. Find COVID-19 Vaccines Near You: Vaccines.gov (English) Vacunas.gov (Spanish)Text your zip code to 438829 (GETVAX) in English or 822862 (VACUNA) in Spanish. Dairy prices are exceptionally strong, reflected in the Global Dairy Trade price index now at the highest level since April 2013. China: US$115.7 billion (33.5% of total Australian exports) Japan: $29.6 billion (8.6%) South Korea: $21.8 billion . Introduction New Zealand is predominately a dual island state located in the South Pacific. The agreement establishing the ASEAN, Australia and New Zealand Free Trade Area (AANZFTA) entered into force in 2010. However, goods exports have shown strong growth from pre-COVID levels, up 6% from 2019, to $63.3 billion. Stocks are fungible that is, sellable financial instruments representing ownership of a fraction of a company. Services made up around 30% of New Zealand goods and services exports, valued at $22.7 billion (December 2017). This has filtered through to annual tradables CPI inflation, which rose to 6.9% in December 2021. . New Zealand shipped US$42.4 billion worth of goods around the world in 2014. Fluctuations in the NZ/US exchange rate can impact on New Zealand dollar export receipts. The signing of this agreement brings total NewZealand two-way trade under FTA coverage to 65% with a further 13% still under negotiation (via FTAs underway with the EU and GCC). Figure 3: New Zealand's top 10 annual good imports. Figure 6: New Zealand change in services exports (annual). Services exports (and imports) allow New Zealand firms to grow their businesses by taking advantage of offshore opportunities, and new technologies are making it easier to do this digitally. Low trading fees. Viewfull list of market reports(external link). However, China continues to be a vital economic market for NewZealand, with goods exports up 21% ($3.4 billion) from 2020 levels, driven by strong growth in dairy (up 31%), meat (up 25%) and wood (up 35%). Peace, rights and security Rangimrie, tika tangata, whakamaru. For the year 2017, the Netherlands was its fourth-largest trading partner within the European Union. Major exports to the nature of our merchandise exports are non-agricultural goods 38 % of economy. 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