Exports from New Zealand increased 11.7 percent year-on-year to NZD 5.55 billion in April 2019, after rising 16.7 percent in the previous month, mainly driven by higher sales of logs, wood & wood articles, which jumped 20.3 percent to NZD 0.48 billion. Also, sales went up for milk powder, butter & cheese (10.6 percent to NZD 1.29 billion); and fruit (11.2 percent to NZN 0.61 billion). Meanwhile, sales dropped for electrical machinery & equipment (-17.9 percent to NZN 0.08 billion) and wood pulp & waste paper (-28.6 percent to NZN 0.06 billion). By destination, exports climbed to South Korea (33.5 percent), China (29.3 percent), the US (18.3 percent) and Japan (8.5 percent), but fell to Australia (-3.9 percent) and the EU (-1.1 percent). Exports in New Zealand averaged 1386 NZD Million from 1951 until 2019, reaching an all time high of 5599.28 NZD Million in March of 2019 and a record low of 19.68 NZD Million in August of 1954.
Exports in New Zealand is expected to be 4800.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in New Zealand to stand at 4800.00 in 12 months time. In the long-term, the New Zealand Exports is projected to trend around 5100.00 NZD Million in 2020, according to our econometric models.