Who are New Zealand's top 3 trading partners? (2024)

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.

Who are New Zealand's biggest trading partners?

Yearly Trade

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).

What are the top 3 trading partners?

The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion).

What are NZ's top three exports?

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.

What does New Zealand trade with other countries?

Goods trade

For our major primary sectors – meat, dairy, fisheries, wine, forestry and some horticulture products – between about 70 percent and 95 percent of the output they produce is exported. Without trade, between 70 and 95 percent of those industries in New Zealand would simply not exist.

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%.

What are New Zealand's top 4 industries?

Who is USA's biggest trading partner?

Who is the top 1 trader?

Who are the UK's top 3 trading partners?

What is New Zealand's largest export earner?

Dairy is New Zealand's biggest export earner – worth about $19 billion a year. MPI plays a critical role in ensuring dairy exports meet New Zealand food safety standards and the requirements of our overseas customers.

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.

Why is New Zealand economy so strong?

New Zealand has one of the most globalised economies and depends greatly on international trade, mainly with China, Australia, the European Union, the United States, and Japan. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia.

Who does New Zealand do business with?

New Zealand has existing free trade agreements with Australia, Brunei, Chile, the People's Republic of China, Hong Kong, Singapore, Thailand, United Kingdom; new free trade agreements are under negotiation with ASEAN, and Malaysia.

Who is NZ in debt to?

What country does New Zealand export to?

What does New Zealand trade with US?

During 2022, United States had a large net trade with New Zealand in the exports of Machines ($1.18B), Transportation ($657M), and Chemical Products ($460M). During 2022, New Zealand had a large net trade with United States in the exports of Animal Products ($1.91B), Foodstuffs ($844M), and Machines ($585M).

What is New Zealand's main source of economy?

The foundation of New Zealand's economy is the export of agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. Dairy, New Zealand's largest export commodity group making up 28% of all exports totaled approximately US$13 billion.

What is New Zealand's biggest industries?

New Zealand's primary industries are dominated by dairy, beef and sheep farming, but forestry, fisheries and horticulture are also important.

What is the main religion in New Zealand?

There is no state religion in New Zealand, but the principal religion is Christianity, with 38% of the population identifying themselves as Christians.

Who is the U.S. closest trading partner?

U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country's largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Who is China's biggest trading partner?

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 the No 1 investor in world?

Warren Buffett is widely considered to be the most successful investor in history. Not only is he one of the richest men in the world, but he also has had the financial ear of numerous presidents and world leaders.

Who is the richest day trader in the world?

The top billionaire day traders, like Jim Simmons, Ken Griffin, and George Soros, have different ways of trading, but they all use a mix of technical analysis, fundamental analysis, and risk management to make their choices.