EU trade with New Zealand (€ billion) 2006-2016

New Zealand was the EU’s 49th largest trading partner in goods in 2016, with a 0.2 % share in EU total trade in goods. In comparison, the EU ranked as New Zealand’s third largest goods trading partner, after China and Australia, accounting for 14 % of New Zealand’s global trade in goods. Total trade in goods between the two partners amounted to approximately €8 billion in 2016 (see Figure 1). Manufactured goods, mainly machinery and transport equipment, and chemicals (54.1 % and 13.6 % of total exports respectively) made up 86.5 % of EU exports to New Zealand, while 72.3 % of EU imports from New Zealand consisted of agricultural goods. Since 2011 the EU has recorded a surplus when it comes to trade in goods with New Zealand. Moreover, that surplus has shown an upward trend since then, amounting to €1.3 billion in 2016.