Exports in New Zealand

New Zealand Exports | Economic News & Forecasts

New Zealand - Exports

The economy seemingly cooled in the first quarter of this year due to the spread of the Omicron variant, following a robust consumer spending-driven rebound in Q4 2021. Electronic card transactions deteriorated in Q1, which, coupled with plunging consumer sentiment and elevated inflation—the highest in 30 years in annual terms—pointed to suppressed household spending. Meanwhile, on the production side of the economy, business sentiment collapsed in February-March, spelling trouble for investment activity. That said, manufacturing PMI readings recorded solid expansions in the quarter. Turning to Q2, in mid-April the country opened its borders to vaccinated Australian visitors after over two years of closure. This should sustain the tourism sector ahead and is a sign of the government’s more tolerant stance toward Covid-19.

New Zealand - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)34.3  33.8  38.1  39.6  39.5  

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New Zealand Facts

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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