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New Zealand B2B Marketplace


New Zealand has a flourishing market economy which, in 2018, has been ranked 16th in the Human Development Index and 3rd in the Index of Economic Freedom. More importantly, the country was voted 1st in the world for ease of doing business according to Doing Business Report 2017. The country is politically stable and has a culturally diverse consumer base. The most reliable part of working with New Zealand’s exporters, suppliers and manufacturers is guaranteed transparency because the country is deemed to be one of the least corrupt countries in the world.

These days, New Zealand’s economy benefits the most from innovation in the fields of IT and infrastructure. Nevertheless, the economy is still incredibly dependent on international trade for agricultural and animal products as its exports account for 24% of output. The service sector contributes the most to the state economy followed then by the industrial and further by the agricultural sector. The tourism industry of New Zealand is highly lucrative and brings the country a significant amount of revenue and foreign exchange. Recently, New Zealand has focused more on making its exports available to the Asian market, primarily South East Asia, which has also boosted its economic income in the past few years.

New Zealand has an amazing geographical location that allows it to access 60% of the population worldwide. It has good trading relations with the EU, China, South Korea, the USA, Australia, and Japan. The Closer Economic Relations free trade agreement between Australia and New Zealand has aligned both economies closer. The country is also a part of major organizations such as the Commonwealth of Nations, Asia-Pacific Economic Cooperation, the United Nations, the Pacific Community and ANZUS.

New Zealand’s exports amounted to $37.3B while imports totalled around $36.3B for various good and services in 2017 which resulted in a positive trade balance of a grand $988M. The GDP for the same year was calculated to be $205B. Moreover, New Zealand has the 20th highest GDP per capita in the world making the country rank in the top 11% of the world. The past five years have seen New Zealand’s imports decline at an annualized rate of -0.5% as imports declined from $37B in 2012 to $36.3B in 2017. The top exports in 2017 were concentrated milk, butter, meat, wine and wood while the main imports were crude petroleum, refined petroleum, machinery, vehicles and technical equipment. New Zealand has a strong society, transparent policies, advance industries and a lot more to offer to local and foreign businesses and entrepreneurs. ExportHub, New Zealand’s leading B2B platform, offers you contacts and an authentic directory of New Zealand’s top importers, manufacturers and suppliers.
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