New Zealand’s Top 10 Imports

New Zealand's Top 10 Exports

by Flagpictures.org

New Zealand’s imports amounted to US$40.1 billion in 2017, up by 1.2% since 2013 and up by 10.8% from 2016 to 2017.

As of June 2018, New Zealand’s import purchases were valued at $20.8 billion up 13.1% compared to the first 6 months of 2017.

New Zealander imports represent a tiny 0.2% of total global imports which totaled $16.054 trillion one year earlier in 2016.

From a continental perspective, 53.1% of New Zealand’s total imports by value in 2017 were purchased from Asian countries. European trade partners supplied 19.8% of import sales to New Zealand while 12.8% worth of goods originated from fellow Oceanian nations led by Australia and Fiji. Close behind at 12.4% were North American suppliers well ahead of the 1.4% portion from Latin America (excluding Mexico) and the Caribbean.

Given New Zealand’s population of 4.51 million people as of July 2017, its total $40.1 billion in 2017 imports translates to roughly $8,900 in yearly product demand from every person in the Pacific Ocean island country.

New Zealand’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in New Zealand’s import purchases during 2017. Also shown is the percentage share each product category represents in terms of overall imports into New Zealand.

At the more detailed four-digit Harmonized Tariff System code level, New Zealand’s most valuable imported products are cars followed by crude oil, refined petroleum oils, trucks, mobile phones then computers.

  1. Vehicles: US$6.3 billion (15.8% of total imports)
  2. Machinery including computers: $5.8 billion (14.4%)
  3. Mineral fuels including oil: $3.8 billion (9.4%)
  4. Electrical machinery, equipment: $3.3 billion (8.3%)
  5. Plastics, plastic articles: $1.5 billion (3.8%)
  6. Optical, technical, medical apparatus: $1.2 billion (3.0%)
  7. Pharmaceuticals: $943.5 million (2.4%)
  8. Furniture, bedding, lighting , signs, prefab buildings: $824.6 million (2.1%)
  9. Articles of iron or steel: $778.3 million (1.9%)
  10. Aircraft, spacecraft: $718.5 million (1.8%)

New Zealand’s top 10 imports accounted for almost two-thirds (62.9%) of the overall value of its product purchases from other countries.

Imported mineral fuels including oil had the fastest-growing increase in value among the top 10 import categories, up 22.8% from 2016 to 2017.

In second place for improving import purchases was machinery including computers, up 20.6%. Close behind were New Zealander imports of vehicles delivering the third-fastest gain up 17.7%.

Aircraft and spacecraft was the only declining top 10 category, incurring a -34.4% decline.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Vehicles

In 2017, New Zealand importers spent the most on the following 10 subcategories of vehicles:

  1. Cars: US$3.9 billion (up 14.7% from 2016)
  2. Trucks: $1.3 billion (up 24.8%)
  3. Automobile parts/accessories: $340.4 million (up 8.6%)
  4. Tractors: $297.9 million (up 46.1%)
  5. Trailers: $172.7 million (up 27.4%)
  6. Motorcycles: $105.6 million (up 26.4%)
  7. Public-transport vehicles: $68 million (up 0.1%)
  8. Bicycles, other non-motorized cycles: $53.5 million (up 3.3%)
  9. Special purpose vehicles: $36.4 million (up 1.4%)
  10. Motorcycle parts/accessories: $34.5 million (up 2.9%)

Among these import subcategories, New Zealander purchases of tractors (up 46.1%), trailers (up 27.4%) and motorcycles (up 26.4%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of vehicles-related imports among New Zealand businesses and consumers.

Machinery

In 2017, New Zealand importers spent the most on the following 10 subcategories of machinery including computers:

  1. Computers, optical readers: US$914.4 million (up 17.9% from 2016)
  2. Turbo-jets: $799.9 million (up 40.1%)
  3. Heavy machinery (bulldozers, excavators, road rollers): $389.1 million (up 29.1%)
  4. Printing machinery: $197.8 million (up 5.7%)
  5. Taps, valves, similar appliances: $187.6 million (up 15%)
  6. Harvest/threshing machinery: $169.7 million (up 34.6%)
  7. Dishwashing, clean/dry/fill machines: $166.8 million (up 34.7%)
  8. Refrigerators, freezers: $162.7 million (up 8.2%)
  9. Machinery parts: $156.2 million (up 23.1%)
  10. Centrifuges, filters and purifiers: $153.8 million (up 19.9%)

Among these import subcategories, New Zealander purchases of turbo-jets (up 40.1%), dishwashing and other cleaning, drying or filling machines (up 34.7%) and harvesting or threshing machinery (up 34.6%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of machinery-related imports including computers among New Zealand businesses and consumers.

Fuel

In 2017, New Zealand importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Crude oil: US$2.2 billion (up 24.5% from 2016)
  2. Processed petroleum oils: $1.5 billion (up 22.1%)
  3. Petroleum oil residues: $55.4 million (down -5.3%)
  4. Petroleum gases: $10.5 million (down -27.3%)
  5. Natural bitumen, asphalt, shale: $10.2 million (up 746.6%)
  6. Coal, solid fuels made from coal: $7.6 million (up 26%)
  7. Petroleum jelly, mineral waxes: $6.4 million (down -14.7%)
  8. Coke, semi-coke: $4.8 million (up 44.9%)
  9. Asphalt/petroleum bitumen mixes: $4.4 million (down -44.5%)
  10. Peat: $2.4 million (up 49.7%)

Among these import subcategories, New Zealander purchases of natural bitumen, asphalt and shale (up 746.6%), peat (up 49.7%) and coke or semi-coke (up 44.9%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of mineral fuels-related imports among New Zealand businesses and consumers.

Electronics

In 2017, New Zealand importers spent the most on the following 10 subcategories of electrical goods including consumer electronics:

  1. Phone system devices including smartphones: US$1.1 billion (up 9.5% from 2016)
  2. TV receivers/monitors/projectors: $262.1 million (up 20.2%)
  3. Electric water heaters, hair dryers: $187.7 million (up 3%)
  4. Insulated wire/cable: $179.8 million (up 23.1%)
  5. Electrical converters/power units: $162.1 million (up 30.5%)
  6. Lower-voltage switches, fuses: $145.9 million (up 11.3%)
  7. Unrecorded sound media: $133 million (up 3.3%)
  8. Microphones/headphones/amps: $102.4 million (up 24%)
  9. TV receiver/transmit/digital cameras: $101.1 million (up 15.3%)
  10. Electrical/optical circuit boards, panels: $75.3 million (up 28.9%)

Among these import subcategories, New Zealander purchases of electrical converters or power units (up 30.5%), electrical and optical circuit boards or panels (up 28.9%) and microphones, headphones or amplifiers (up 24%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of electronics-related imports among New Zealand businesses and consumers.



 
See also New Zealand’s Top Trade Partners, New Zealand’s Top 10 Exports and Top Oceanian Export Countries

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on September 4, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on September 4, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on September 4, 2018