New Zealand has an efficient, market economy, a secure business environment, and excellent infrastructures
New Zealand ranks fourth in economic freedom (Heritage Foundation) and occupies the second position in the ease of doing business index (WB)
The main Economic Sectors of New Zealand are manufacturing, services, and agricultural
Top fast Growing Sectors of New Zealand: creative and food and
beverage (10% of the New Zealander GDP)
Auckland: 30% of the total annual trade of New Zealand and represent 13% of the GDP of NZ
The currency is the New Zealand dollar (NZD)
International Trade of New Zealand.
The principal problem of New Zealand is the great distance that separates the country from the world's largest markets, as the only nearby is Australia (about 1,600 kilometers)
Food and beverage exports of New Zealand: 22 billion NZD (7.76 billion NZD in 1990), 50% of the total export products of New Zealand
Top
trade partners of New Zealand: Australia, the United States, Japan, China, and the UK
The fastest growing export markets
of New Zealand are China (43%), Singapore (28%), Egypt (25%), the UAE (18%), and India (16%)
The EU is a largest foreign direct investment source and is a significant trading partner. New Zealand imported 7.7 billion NZD value of products from the EU economies and exported products for 5.6 billion NZD to the EU
The North America region is one of the largest trade and investment partners of New Zealand. The United States and Canada import 1
billion NZD of New Zealand beef every year
Bilateral trade with Australia accounts for 23% of the exports of New Zealand (9.1 billion NZD) and 18% of the imports from New Zealand (7.4 billion NZD) thanks to the Free Trade Agreement between New Zealand and Australia
North of Asia is one of the largest markets for the New Zealander consumer products.
China, Japan, and the Republic of Korea are respectively their third, fourth and the ninth largest trade partners
Foreign Trade and economic ties with Southeast Asia (mainly Singapore, Malaysia, and Indonesia) are also crucial