Who are New Zealand's 5 largest trading partners? (2024)

Who are New Zealand's 5 largest trading partners?

The most common destination for the exports of New Zealand are China ($13.1B), Australia ($5.35B), United States ($5.07B), Japan ($2.75B), and South Korea ($1.69B).

Who are the largest trading partners of New Zealand?

The most common destination for the exports of New Zealand are China ($13.1B), Australia ($5.35B), United States ($5.07B), Japan ($2.75B), and South Korea ($1.69B).

Who are the 5 trade partners?

The top five suppliers of U.S. goods imports in 2022 were: China ($536.3 billion), Mexico ($454.8 billion), Canada ($436.6 billion), Japan ($148.1 billion), and Germany ($146.6 billion).

Who is New Zealand's biggest export?

According to Statistics New Zealand, the region's biggest export is milk powder, butter and cheese, topping out at a generous $11.2 billion, which is closely followed by business & personal travel at $10 billion followed by meat, wool and wood/logs. Trade is essential to New Zealand's economic prosperity.

Which country does New Zealand mainly trade with?

New Zealand has forged long lasting import/export relationships with several countries globally. However, her main trade partners are China, which takes 20% of her exports, Australia taking 18%, the European Union taking 12%, the United States which takes 11% and Japan taking 6%.

Who are New Zealand's top 3 trading partners?

2022 Average exchange rate: 1 NZ$ = . 6359 U.S. cents. The United States is New Zealand's third largest trading partner after China and Australia, with whom New Zealand has Free Trade Agreements. (New Zealand does not have a Free Trade Agreement with the United States.)

What are New Zealand's top 4 industries?

Who is USA's biggest trading partner?

Who is the world's largest trading partner?

China is still the leading trading partner for many countries, and the narrative it being delinked from the global economy is overdone, says the ADB. China's trade with its major partners fell in 2023 — its annual exports dipped for the first time in seven years.

Which country does America have the largest trade deficit with?

The largest deficit in goods in the United States is with China. In fact, over 65% of the trade deficit – or $419 billion – is because of imports from China.

What dominates New Zealand's export trade?

New Zealand is a world leader for exporting concentrated and sweetened milk or cream, rough wood and butter plus other milk fats and oils. New Zealand also ranks among the top countries for global sales of sheep or goat meat and frozen beef.

Who is NZ in debt to?

What is the New Zealand trade for all?

In this regard, Members applauded New Zealand for implementing both its Trade for All Agenda that aims to ensure that trade benefits all New Zealanders, and its Trade Recovery Strategy which focuses on broadening support for exporters but also acknowledges that further reforms and trade diversification are needed.

Why is New Zealand so famous?

A small island nation home to around 4.5 million people located in the Pacific Ocean, New Zealand is famous for its national rugby team, its indigenous Maori culture and its picturesque landscape. If you're an international student considering studying abroad, New Zealand may be a long way from home.

Who is New Zealand's ally?

Australia and New Zealand are natural allies with a strong trans-Tasman sense of family. Migration, trade and defence ties, keen competition on the sporting field, and strong people-to-people links have helped shape a close and co-operative relationship.

Who is New Zealand's biggest trade partner in 2018?

China ($15.3 billion) and Australia ($13.9 billion) were the top export destinations. The European Union ($13.4 billion) and Australia ($12.1 billion) were the top import sources.

What is the booming industry in New Zealand?

Overall,the emerging industries that can be found in New Zealand are biotechnology, food and beverage, creative industries, information and communication technology, manufacturing, wood building and interiors, education and consultancy services, tourism, healthcare, and sustainability.

What is the most profitable business in New Zealand?

What is the top 5 income in New Zealand?

Stats NZ data shows that to be in the top 1 per cent on an individual level in New Zealand, you need to have assets of $3.89 million. To be in the top 5 per cent, you need to clear $1.4m. On a household level, you get to 1 per cent with combined assets of $7.8 million. A top 5 per cent household needs $2.83m.

Who is Mexico's main trading partner?

Yearly Trade

The most common destination for the exports of Mexico are United States ($421B), Canada ($22.2B), China ($12.7B), Chinese Taipei ($7.86B), and South Korea ($7.29B).

Who is Mexico's trading partner?

New numbers from the US Census last week indicate that Mexico is the US's top trading partner. In 2023, the US traded $798bn with Mexico as the goods it bought from its southern neighbour surged past China and Canada.

Who is China's trading partner?

Yearly Trade

The most common destination for the exports of China are United States ($551B), Hong Kong ($276B), Japan ($178B), Germany ($152B), and South Korea ($150B).

Who is Russia's largest trading partner?

Russia's leading five export partners in 2022 were China, Turkey, India, Italy, and Germany. The value of total exports from Russia to its major trade partner — China — exceeded 114 billion U.S. dollars in 2022.

What country does the US import the most from?

United States Product Imports by country

In 2021, the top partner countries from which United States Imports All Products include China, Mexico, Canada, Japan and Germany.

Who is Britain's biggest trading partner?