Imports to New Zealand rose 2 percent from a year ago to NZD 5,981 million in November 2019, after declining 1.4 percent in October, boosted by purchases of mechanical machinery & equipment (12.7 percent to NZD 879 million); vehicles, parts & accessories (10 percent to NZD 709 million) and oil & related products (5 percent to NZD 604 million). In contrast, acquisitions fell mostly for electrical machinery & equipment (-0.7 percent to NZD 558 million); textiles & textiles articles (-4.3 percent to NZD 239 million) and plastic & plastic articles (-7.8 percent to NZD 224 million). By destination, imports increased mainly from China (1.9 percent), the US (18 percent), Japan (14.8 percent) and Germany (5.3 percent). In contrast, purchases from Australia decreased 6.1 percent. Imports in New Zealand averaged 1700.44 NZD Million from 1960 until 2019, reaching an all time high of 6133.86 NZD Million in October of 2018 and a record low of 37.85 NZD Million in April of 1962. source: Statistics New Zealand
Imports in New Zealand is expected to be 5400.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in New Zealand to stand at 6100.00 in 12 months time. In the long-term, the New Zealand Imports is projected to trend around 5400.00 NZD Million in 2020, according to our econometric models.