Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Global New Zealand – International Trade, Investment, and Travel Profile: June 2008
Key points

New Zealand’s merchandise exports increased 14.6 percent for the year ended June 2008, and were valued at $40.0 billion. The largest increases in export values were in dairy (up 35.6 percent) and mineral fuel (up 376 percent). High world commodity prices for some key New Zealand exports have helped dampen the effects of the strong New Zealand dollar. The total value of New Zealand’s imports for the year ended June 2008 was $44.5 billion, up from $41.2 billion in the June 2007 year. The largest increases in import values were in mineral fuels (up 21.4 percent), machinery (up 12.5 percent) and vehicles (up 9.8 percent).

Exports

  • Australia continued to be New Zealand’s principal export market, worth $9.2 billion in the year ended June 2008. Exports to Australia rose by 27.4 percent during the year. The United States and Japan were New Zealand’s second and third-largest export markets, receiving $4.0 billion and $3.4 billion, respectively. New Zealand’s fourth-largest export destination was China, where exports were worth $2.1 billion in the year ended June 2008.
  • Exports to APEC economies accounted for 68.8 percent of New Zealand’s total exports and were worth $27.6 billion in the year ending June 2008. The European Union accounted for $5.7 billion or 14.2 percent of total exports.
  • Dairy products were New Zealand’s largest export earner in the June 2008 year, accounting for 22 percent of total merchandise exports and valued at $8.8 billion. Meat and mineral fuels were our two next-largest export products, accounting for 11.7 and 6.6 percent of total exports, respectively. Wood (5.0 percent), machinery (4.8 percent), aluminium (3.6 percent) and fruit (3.4 percent) were also key components of New Zealand’s goods export portfolio in the year ended June 2008.

Imports

  • Australia remained New Zealand’s largest source of merchandise imports in the year ended June 2008, with imports valued at $8.7 billion accounting for 19.5 percent of total imports. Imports from Australia increased 0.1 percent from the June 2007 year. Imports from China increased by 10.4 percent in this same period and were valued at $5.2 billion. Other major sources of imports for New Zealand were the United States, Japan and Singapore, which respectively accounted for 9.3, 9.1and 5.1 percent of total imports.
  • Imports from APEC economies were valued at $32.9 billion and accounted for 74.0 percent of total imports in the year ended June 2008. Imports from the European Union were valued at $7.2 billion for the June 2008 year, and accounted for 16.9 percent of total imports.
  • Fuels and oils were New Zealand’s most valuable imported product in the year ended June 2008, worth $7.1 billion and accounting for 16 percent of total imports. Other significant imports included machinery ($5.9 billion), motor vehicles ($5.3 billion) and electrical machinery ($3.8 billion).

Services

  • In the year ended June 2008, New Zealand’s service exports were worth $12.7 billion, up $105 million from the June 2007 year. New Zealand imported services to the value of $12.3 billion in the year ended June 2008, up $273 million from the June 2007 year.
  • Overseas visitor arrivals numbered 2.48 million in the year ended June 2008.This was a 0.9 percent increase from the June 2007 year. The most important sources of visitors to New Zealand in the year ended June 2008 were Australia, the United Kingdom, the United States, China and Japan. China recently overtook Japan to be our fifth-largest source of visitors.

General issues

The commodity tables show the principal markets for New Zealand’s exports (and some imports) of several product groups, including agriculture, non-agriculture, dairy, meat, fruit and vegetables, forestry, machinery, and textiles, clothing and footwear. In addition, the economic groupings of APEC, OECD, EU, ASEAN, GCC, NAFTA and the PIF have been added to the commodity tables to give more information. These, and the geographic country aggregations that make up the geographic regions used in the text, are defined in the appendices at the end of this publication. Other definitions, for example the services definitions, are those used by Statistics New Zealand, based on standard International Monetary Fund criteria. A summary of these also appears at the end of this publication.

Re-exports

Re-exports record goods brought into New Zealand and exported without a ‘substantial transformation’. The 50 percent value added is used as a yardstick to measure ‘substantial transformation’; above that level, the goods are classified as domestic exports. Trans-shipment goods are not included. Goods that are re-exported will have previously figured in some form in the import statistics.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+