China / New Zealand

Overview In February 2024, China exported $574M and imported $886M from New Zealand, resulting in a negative trade balance of $312M. Between February 2023 and February 2024 the exports of China have increased by $86.4M (17.7%) from $488M to $574M, while imports decreased by $-228M (-20.5%) from $1.11B to $886M.

Trade In February 2024, the top exports of China to New Zealand were Knit Sweaters ($20.2M), Other Furniture ($19.2M), Light Fixtures ($15.6M), Telephones ($14.3M), and Computers ($13.2M). In February 2024 the top imports of China from New Zealand were Concentrated Milk ($238M), Malt Extract ($174M), Rough Wood ($165M), Frozen Bovine Meat ($92.6M), and Sheep and Goat Meat ($87.8M).

Origins In February 2024 the exports of China were mainly from Guangdong Province ($120M), Zhejiang Province ($118M), Beijing ($76.6M), Jiangsu Province ($72.8M), and Shanghai Province ($54.6M), while imports destinations were mainly Shanghai Province ($160M), Fujian Province ($139M), Guangdong Province ($108M), Shandong Province ($86.1M), and Zhejiang Province ($78.4M).

Growth In February 2024, the increase in China's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Prefabricated Buildings ($5.59M or 183%), Pesticides ($5.46M or 171%), and Inhalable tobacco/nicotine products ($4.52M or 85%). In February 2024, the decrease in China's year-by-year imports  from New Zealand was explained primarily by an decrease in product imports  in Concentrated Milk ($-752M or -75.9%), Sheep and Goat Meat ($-46.5M or -34.6%), and Acyclic Alcohols ($-33.5M or -75.4%).