Breadcrumb

New Zealand

The United States and New Zealand engage regularly to discuss trade and investment issues, including under our 1992 Trade and Investment Framework Agreement

In 2018, New Zealand GDP was an estimated $203.4 billion (current market exchange rates); real GDP was up by an estimated 3.0%; and the population was 5 million. (Source: IMF)

U.S. goods and services trade with New Zealand totaled an estimated $13.9 billion in 2018. Exports were $7.0 billion; imports were $6.9 billion. The U.S. goods and services trade surplus with New Zealand was $54 million in 2018.

New Zealand is currently our 50th largest goods trading partner with $8.2 billion in total (two way) goods trade during 2018. Goods exports totaled $4.1 billion; goods imports totaled $4.2 billion. The U.S. goods trade deficit with New Zealand was $127 million in 2018.

Trade in services with New Zealand (exports and imports) totaled an estimated $5.6 billion in 2018. Services exports were $2.9 billion; services imports were $2.7 billion. The U.S. services trade surplus with New Zealand was $181 million in 2018.

According to the Department of Commerce, U.S. exports of goods and services to New Zealand supported an estimated 33 thousand jobs in 2015 (latest data available) (18 thousand supported by goods exports and 15 thousand supported by services exports).

Exports

  • New Zealand was the United States' 48th largest goods export market in 2018.
     
  • U.S. goods exports to New Zealand in 2018 were $4.1 billion, up 3.5% ($138 million) from 2017 and up 60.3% from 2008. 

  • The top export categories (2-digit HS) in 2018 were: aircraft ($1.0 billion), machinery ($508 million), vehicles ($442 million), special other (low value estimates) ($335 million), and electrical machinery ($204 million).

  • U.S. total exports of agricultural products to New Zealand totaled $478 million in 2018. Leading domestic export categories include: dairy products ($84 million), distillers grains ($48 million), fresh fruit ($41 million), prepared food ($40 million), and dog & cat food ($34 million).

  • U.S. exports of services to New Zealand were an estimated $2.9 billion in 2018, 3.6% ($101 million) more than 2017, and 79.1% greater than 2008 levels.  Leading services exports from the U.S. to New Zealand were in the travel, financial services, and intellectual property (computer software) sectors.

Imports

  • New Zealand was the United States' 54th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from New Zealand totaled $4.2 billion in 2018, up 0.7% ($28 million) from 2017, and up 32.1% from 2008. 

  • The top import categories (2-digit HS) in 2018 were: meat (beef) ($1.2 billion), beverages (grapes) ($454 million), special other (returns) ($352 million), dairy, eggs, honey ($302 million), and machinery ($269 million).

  • U.S. total imports of agricultural products from New Zealand totaled $2.6 billion in 2018. Leading categories include: red meats, fresh/chilled/frozen ($1.2 billion), wine and beer ($442 million), other dairy products ($435 million), other fresh fruit ($138 million), and red meats, prepared/preserved ($55 million).

  • U.S. imports of services from New Zealand were an estimated $2.7 billion in 2018, 8.7% ($218 million) more than 2017, and 135% greater than 2008 levels.  Leading services imports from New Zealand to the U.S. were in the transport, travel, and technical and other services sectors.

Trade Balance

  • The U.S. goods trade deficit with New Zealand was $127 million in 2018, a 46.4% decrease ($110 million) over 2017.

  • The United States has a services trade surplus of an estimated $181 million with New Zealand in 2018, down 39.3% from 2017.

Investment

  • U.S. foreign direct investment (FDI) in New Zealand (stock) was $11.3 billion in 2018, a 5.4% decrease from 2017.

  • New Zealand's FDI in the United States (stock) was $1.2 billion in 2018, up 656.7% from 2017.

  • Sales of services in New Zealand by majority U.S.-owned affiliates were $3.9 billion in 2017 (latest data available), while sales of services in the United States by majority New Zealand-owned firms were $401 million.