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Global New Zealand – International trade, investment, and travel profile: Year ended June 2010
Key points

New Zealand’s merchandise exports were valued at $40.7 billion in the year ended June 2010, down 5.5 percent from $43.0 billion in the June 2009 year. This annual decrease is the first for a June year since 2003.

The largest decrease in export value was in meat, down 8.5 percent ($468 million) for the year. The second largest decrease was in starch (which includes casein), down 33 percent ($436 million). The largest offsetting increase was from wood, up 13 percent ($307 million).

The total value of New Zealand’s imports for the year ended June 2010 was $40.0 billion, down 13 percent from $46.1 billion in the June 2009 year. The decrease in import values was due to a variety of commodities, including:

  • machinery – down 17 percent or $1.0 billion
  • electrical machinery – down 20 percent or $865 million
  • mineral fuels – down 11 percent or $825 million.

 
A 113 percent ($180 million) increase in ships partly offset the decrease in total imports for the year ended June 2010.

Exports

  • Australia continued to be New Zealand’s principal export market, receiving 24 percent or $9.7 billion of New Zealand’s exports for the year ended June 2010. China has become New Zealand’s second largest export market, receiving 10 percent of total exports or $4.1 billion. The United States is the third-largest export market, receiving 8.7 percent of total exports or $3.6 billion.
  • Exports to APEC economies accounted for 71 percent of New Zealand’s total exports and were worth $29 billion in the year ending June 2010. The European Union accounted for 12 percent ($5.0 billion) of total exports.
  • The Harmonised System (HS) chapter heading ‘dairy’ continued to be New Zealand’s largest export earner in the June 2010 year, accounting for 22 percent of total merchandise exports and valued at $8.9 billion. Meat and wood were our two next-largest export products, accounting for 12 and 6.5 percent of total exports, respectively.
  • Applying the level of processing (LOP) classification, in the year ending June 2010, 69 percent of all exports were primary products and 26 percent were manufactured goods. Of the primary products, 51 percent were processed. Of the manufactured goods, 65 percent were elaborately transformed. New Zealand exported 39 percent of all manufactured goods and 17 percent of all primary products to Australia. Seventy-nine percent of manufactured goods exported to Australia were elaborately transformed.

Imports

  • Australia remained New Zealand’s largest source of merchandise imports in the year ended June 2010, accounting for 19 percent of total imports. Total imports from Australia were valued at $7.8 billion, a 4.0 percent decrease from the June 2009 year. China was New Zealand’s second-largest source of imports, with an 8.1 percent decrease over the same period, and a value of $6.1 billion, or 15 percent of total imports. Other major sources of imports for New Zealand were the United States and Japan, which respectively accounted for 10 and 7.0 percent of total imports.
  • Imports from APEC economies were valued at $30 billion and accounted for 74 percent of total imports in the year ended June 2010. Imports from the European Union were valued at $5.8 billion for the June 2010 year, and were 15 percent of total imports.
  • New Zealand’s highest-valued imported HS chapter heading in the year ended June 2010 was mineral fuels, worth $6.5 billion and accounting for 16 percent of total imports. Other significant imports included machinery ($4.8 billion), vehicles ($3.7 billion), and electrical machinery ($3.5 billion).
  • Under the LOP classification, in the year ending June 2010, 29 percent of all imports were primary products and 70 percent were manufactured goods. Of the primary products, 53 percent were processed. Of the manufactured goods, 88 percent were elaborately transformed. Manufactured goods are imported from a variety of countries, with just over half of these goods being sourced from China, Australia, and the United States.

Services  

In the year ended June 2010, New Zealand’s service exports were worth $12.2 billion, down $542 million from the June 2009 year. New Zealand imported services to the value of $12.2 billion in the year ended June 2010, down $1.3 billion from the June 2009 year. 

Overseas visitors  

 Permanent, long term, and short-term overseas visitor arrivals numbered 2.6 million in the year ended June 2010, an increase of 84,000 visitors from the June 2009 year. The largest sources of visitors to New Zealand in the year ended June 2010 were Australia with 45 percent of all visitors, the United Kingdom with 10 percent, and the United States with 7.8 percent.

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, and machinery. Economic groupings, 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 Statistics New Zealand uses and are based on standard International Monetary Fund criteria. A summary of these definitions also appears at the end of this publication.

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