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Explore New Zealand's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks

New Zealand Exports as a % of GDP (2010 - 2021, %)

Exports as a % of GDP of New Zealand was 25.4% in 2021
New Zealand exports as a % of GDP decreased by 1.3% on a year-on-year basis in 2021 
Between 2010-2021, the exports as a % of GDP in New Zealand decreased by 13.8%

Global GDP Growth: Overview 

Inflation-adjusted base year prices are used to calculate real GDP. Real GDP changes serve as a gauge of economic growth and show whether the economic activity has increased or decreased. According to real GDP, the world's top five economies are the US, China, Japan, Germany, and India. After the US, China had the largest real GDP in 2021 with a value of $12.7 trillion. With a $6 trillion real GDP during the same period, Japan came in third place internationally. Germany and India are the other two largest economies, with real GDPs of $3.8 trillion and $2.9 trillion, respectively.

New Zealand Exports: Overview

New Zealand’s exports mainly comprise of agricultural products, especially dairy, eggs, honey, wood, meat, and edible offal. Edible products of animal origin, such as dairy, eggseggs, and honey, accounted for the highest share of New Zealand’s exports in 2020 with 27.3%. New Zealand was the second largest global exporter of these products in 2020, followed by the Netherlands, France, and the US. Nuclear reactors, boilers, machinery, and mechanical appliances remained the top import category, accounting for 14.3% of imports in 2020. This was followed by vehicles, their parts, and accessories (11.3%).

New Zealand’s economy is skewed towards services and agriculture, and it imports most of its demand for oil, mineral fuels, and manufactured products.

China, Australia, and the US were New Zealand’s top three trading partners in 2020; they accounted for 48.45% of total trade (exports and imports).

New Zealand Exports as a % of GDP

Exports as a % of GDP of New Zealand was 25.4% in 2021, decreased by 1.3% year on year basis in 2021, and between 2010-2021, the exports as a % of GDP in New Zealand decreased by 13.8%. The indicator was highest in the year 2011 at 30.4% and lowest in the year 2021 at 25.4%.

Explore New Zealand's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Explore New Zealand's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Visit Report Store