New Zealand

New Zealand ranked No. 46 in total trade value through June with a total of $3.7 billion. Exports totaled $1.53 billion and Imports totaled $2.17 billion, a deficit of $636.08 million.

U.S. trade with New Zealand rose to $3.7 billion through June

New Zealand’s trade with the United States rose to $3.7 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.55 percent below its total trade during the same time period last year. U.S. exports to New Zealand decreased 14.72 percent while U.S. imports from New Zealand rose 0.24 percent. The U.S. deficit with New Zealand was $636.08 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Philadelphia; No. 2 Port of Long Beach; No. 3 Los Angeles International Airport; No. 4 Port of Oakland, Calif.; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 Port of Philadelphia; No. 2 Port of Long Beach; No. 3 Los Angeles International Airport; No. 4 Port of Los Angeles and No. 5 Port of Oakland, Calif.. In the current time period, the top five accounted for 57.36 percent of New Zealand’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Philadelphia fell 4.12 percent to $752.02 million.
    Exports fell 24.73 percent to $55.22 million. Imports fell 2 percent to $696.8 million.
  • Trade with No. 2 Port of Long Beach fell 12.44 percent to $381.28 million.
    Exports fell 11.22 percent to $281.16 million. Imports fell 15.69 percent to $100.12 million.
  • Trade with No. 3 Los Angeles International Airport fell 14.11 percent to $344.9 million.
    Exports fell 17.55 percent to $168.75 million. Imports fell 10.54 percent to $176.14 million.
  • Trade with No. 4 Port of Oakland, Calif. rose 26.51 percent to $326.45 million.
    Exports rose 17.34 percent to $69.93 million. Imports rose 29.27 percent to $256.51 million.
  • Trade with No. 5 Port of Los Angeles rose 5.78 percent to $319.16 million.
    Exports fell 12.91 percent to $22.23 million. Imports rose 7.51 percent to $296.93 million.

New Zealand ranked No. 46 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 53.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to New Zealand by value through June were the categories of Civilian aircraft, parts; Low value shipments; Passenger vehicles; Oil; and Cell phones, related equipment, respectively. They accounted for 33.82 percent of total exports to New Zealand.

The value of the top five categories of U.S. imports from New Zealand –– Frozen beef; Wine; Whey, misc. milk products; Sheep or goat meat, fresh, chilled or frozen; and Returned exports, without change –– accounted for 50.13 percent of all inbound shipments.

Looking more closely at U.S. exports to New Zealand:

  • Civilian aircraft, parts fell 6.28 percent compared to last year to $257.74 million.
  • Low value shipments fell 14.02 percent compared to last year to $117.81 million.
  • Passenger vehicles fell 33.75 percent compared to last year to $69.15 million.
  • Oil totaled $44.09 million. The previous year, there were no exports in this category.
  • Cell phones, related equipment fell 3.87 percent compared to last year to $29.69 million.

Looking more closely at U.S. imports from New Zealand:

  • Frozen beef rose 12.29 percent compared to last year to $465.94 million.
  • Wine rose 11.55 percent compared to last year to $266.9 million.
  • Whey, misc. milk products rose 17.44 percent compared to last year to $134.04 million.
  • Sheep or goat meat, fresh, chilled or frozen fell 28.49 percent compared to last year to $123.89 million.
  • Returned exports, without change fell 29.81 percent compared to last year to $96.75 million.

In the latest annual figures available, New Zealand recorded $8.07 billion in trade with the United States. Total U.S. exports to New Zealand were $ 3.95 billion and imports from New Zealand were $4.11 billion. The U.S. deficit with New Zealand was $164.66 million.