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New Zealand Economic and Financial Overview 2016

Geographic Distribution of External Trade

New Zealand's trading relationships are becoming increasingly based around Pacific Rim countries. New Zealand's three largest export markets (China, Australia and the US) accounted for 46% of New Zealand's merchandise exports and 43% of its merchandise imports in the year ended 30 September 2015.

Trading partner growth is expected to have eased slightly in 2015 from 3.7% to 3.5%, and to pick up modestly over the next couple of years, as the US economic recovery becomes entrenched and growth picks up in the emerging Asian economies excluding China. However, growth in China is expected to continue to decline, and growth in Japan and the euro area is expected to remain weak, weighing on the external demand for New Zealand exporters.

Table 14 - Geographic Distribution of Exports[1]
Year ended 30 September
(dollar amounts in millions)
2011 2012 2013 2014 2015 2015
% of Total
China, Peoples Republic of 5,887 6,859 9,965 9,986 8,613 17.6
Australia 10,848 9,908 9,125 8,773 8,346 17.0
United States of America 3,997 4,231 4,071 4,704 5,756 11.8
Japan 3,441 3,211 2,829 2,938 2,957 6.0
United Kingdom 1,545 1,395 1,397 1,548 1,670 3.4
Korea, Republic of 1,675 1,555 1,633 1,763 1,565 3.2
Taiwan 899 828 883 1,011 1,114 2.3
Singapore 813 845 1,021 1,010 1,080 2.2
Malaysia 875 888 911 986 943 1.9
United Arab Emirates 557 611 656 916 833 1.7
Indonesia 856 838 886 931 811 1.7
Netherlands 625 570 606 848 809 1.7
Thailand 732 626 703 790 775 1.6
Hong Kong (SAR) 798 869 770 736 752 1.5
Germany 775 739 737 661 681 1.4
Canada 597 565 527 581 670 1.4
Philippines 757 678 754 750 643 1.3
India 938 786 669 618 639 1.3
Saudi Arabia 691 687 546 754 611 1.2
Venezuela 486 459 406 116 310 0.6
Other Countries 9,911 8,914 8,950 9,652 9,402 19.2
Total 47,702 46,064 48,044 50,075 48,980 100.0
  • [1]Free on Board value. Including re-exports.
Table 15 - Geographic Distribution of Imports[2]
Year ended 30 September
(dollar amounts in millions)
2011 2012 2013 2014 2015 2015
% of Total
China, Peoples Republic of 7,049 7,325 7,860 8,302 9,889 19.8
Australia 7,039 6,872 6,136 5,962 5,960 11.9
United States of America 4,772 4,133 4,253 5,676 5,897 11.8
Japan 2,709 2,835 2,846 3,140 3,148 6.3
Germany 1,890 1,992 2,113 2,343 2,336 4.7
Thailand 1,264 1,431 1,582 1,681 2,083 4.2
Korea, Republic of 1,382 1,731 1,871 2,189 1,834 3.7
Singapore 2,089 2,039 1,939 1,989 1,737 3.5
Malaysia 1,406 1,752 1,943 2,241 1,639 3.3
France 911 880 1,185 1,130 1,345 2.7
United Kingdom 1,203 1,193 1,159 1,260 1,281 2.6
Italy 790 741 831 877 935 1.9
Indonesia 667 606 805 786 835 1.7
Taiwan 660 749 747 736 754 1.5
Canada 588 541 533 485 631 1.3
Qatar 1,004 503 581 530 620 1.2
India 359 397 400 483 576 1.2
Brunei Darussalam 449 1,178 585 447 509 1.0
Saudi Arabia 870 978 890 763 468 0.9
Oman 219 1,139 378 27 3 0.0
Other Countries 7,210 5,833 7,279 7,684 7,421 14.9
Total 44,529 44,848 45,916 48,731 49,899 100.0

Source: Statistics New Zealand

  • [2]Value for Duty.
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