Frequent question: Who is NZ biggest trading partner?

In 2017, 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.

Who is New Zealand’s biggest trading partner?

Also shown is each trade partner’s percentage of total New Zealand exports.

  • China: US$10.8 billion (29% of New Zealand’s total exports)
  • Australia: $4.8 billion (12.7%)
  • United States: $3.8 billion (10.3%)
  • Japan: $2.3 billion (6.1%)
  • South Korea: $1.1 billion (3%)
  • United Kingdom: $961.6 million (2.6%)

1 февр. 2021 г.

Who is our biggest trading partner?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

What is New Zealand’s biggest export?

New Zealand’s Top 10 Exports

  • Meat: $5.6 billion (14.6%) Wood: $2.9 billion (7.6%) Fruits, nuts: $1.7 billion (4.5%)
  • Alcoholic beverages: $1.4 billion (3.8%)
  • Machines, engines, pumps: $1.3 billion (3.5%) Modified starches, enzymes: $1.1 billion (3%) …
  • Other food preparations: $876.8 million (2.3%) Aluminum: $835.3 million (2.2%)
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What is New Zealand’s biggest industry?

Economy of New Zealand

Statistics
Main industries Food processing, textiles, machinery and transportation equipment, finance, tourism, mining
Ease-of-doing-business rank 1st (very easy, 2020)
External
Exports $62.4 billion (FY 2020)

Is NZ a rich country?

This ranking is lower than it once was, but still definitely qualifies New Zealand as one of the world’s “wealthy” countries. In terms of per capita GDP it is substantially below the American level, although between 1975 and 1998 real GDP per capita showed steady growth.

What is the most common job in New Zealand?

The most popular career this year was police officer, according to the most searched for jobs on careers.govt.nz in 2018. The most popular career this year was police officer, according to the most searched for jobs on careers.govt.nz in 2018.

Who is Europe’s biggest trading partner?

China is now the EU’s biggest trading partner, overtaking the US in 2020.

Who is Britain’s biggest trading partner?

Also shown is each import country’s percentage of total UK exports.

  • United States: US$57.5 billion (14.3% of total UK exports)
  • Germany: $41.1 billion (10.2%)
  • Ireland: $27.5 billion (6.8%)
  • Netherlands: $24.9 billion (6.2%)
  • France: $23.7 billion (5.9%)
  • Switzerland: $19.4 billion (4.8%)
  • China: $18.6 billion (4.6%)

27 февр. 2021 г.

Who is Russia’s biggest trading partner?

In 2020, Russia’s main trade partner was China, as the volume of export and import trade between the two countries reached nearly 104 billion U.S. dollars. China was the country’s both leading import origin and export destination.

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What is considered rich in New Zealand?

Based on Rashbrooke’s research, those with wealth of $860,000 plus are in the top 10 percent of New Zealanders. His research shows the bottom 10 percent of Kiwis owe a collective $13 billion, whereas the top 10 percent has $800 billion. “The bottom 10 percent has a collective $13 billion of debt.

What does NZ export to USA?

In 2018, bilateral trade between the two countries was valued at US$13.9 billion or NZ$18.6 billion. New Zealand’s main exports to the United States are meat, travel services, wine, dairy products, and machinery.

What is New Zealand’s main source of income?

New Zealand’s economy is based on agriculture and services such as tourism, retail, and wholesale trade. The agricultural sector is the largest industry in the country, with pastoral farming and horticulture being the most important categories.

How does New Zealand make its money?

Trade. Agricultural products—principally meat, dairy products, and fruits and vegetables—are New Zealand’s major exports; crude oil and wood and paper products are also significant.

How much does NZ rely on tourism?

Tourism generated a direct contribution to gross domestic product (GDP) of $16.2 billion, or 5.8 percent of GDP. Tourism is our biggest export industry, contributing 21% of foreign exchange earnings. The indirect value added of industries supporting tourism generated an additional $11.2 billion, or 4.0 percent of GDP.

What food does NZ import?

New Zealand imports processed and unprocessed food products like meat and dairy products, grains and seeds, and wine and beverages.

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