New Zealand’s two-way trade grew solidly in 2022 as global and domestic demand showed surprising resilience in the face of slowing global growth, rising inflation, and tightening credit conditions.

New Zealand’s two-way trade value now sits at $197.0 billion, growing by 20.8% year on year. Total exports (goods and services) grew by 16.2% to $89.9 billion, while total imports grew by 25.0% to $107.1 billion.

Read the full report to see how different export products from New Zealand have fared over the past year, and what the prospects for 2023 are.

You are welcome to use and re-publish this report as you see fit, as long as no substantive changes are made, and it continues to be attributed to the Ministry.

You can view the complete list of market reports published to date here:www.mfat.govt.nz/market-reports