China remains strong export market for New Zealand despite COVID-19: statistics

0 Comment(s)Print E-mail Xinhua, June 03, 2021
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WELLINGTON, June 2 (Xinhua) -- As New Zealand's  top trade partner for the past four years, China accounted for  approximately 23 percent of New Zealand's total trade in the year to  March 2021, compared to 19 percent last year, the statistics department Stats NZ said on Wednesday.

China accounted for 26 percent of New Zealand's total goods and  services exports, and 20 percent of imports in the year to March 2021,  Stats NZ said.

Total exports to China were worth 19 billion NZ dollars (13.7 billion U.S. dollars) and imports 13.8 billion NZ dollars (9.97 billion U.S.  dollars), resulting in a trade surplus of 5.1 billion NZ dollars (3.7  billion U.S. dollars), it said.

New Zealand's trade surplus with all countries was 2.3 billion NZ  dollars (1.66 billion U.S. dollars) for the year to March 2021, with  China driving the surplus despite a trade deficit of 2 billion NZ  dollars (1.4 billion U.S. dollars) with the European Union,  international trade manager Alasdair Allen said in a statement.

Main exports to China that saw rises in the latest year included wood and dairy products, Allen said.

"While we didn't see the usual spending of Chinese visitors during  the past year, China has continued to be a strong export market for New  Zealand wood, meat and dairy," he said. Enditem

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