EU trade with New Zealand

New Zealand was the EU’s 49th largest trading partner in goods in 2021, 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 11.5 % of New Zealand’s global trade in goods. Total trade in goods between the two partners amounted to approximately €7.8 billion in 2021 (see Figure 1). Manufactured goods, mainly machinery and transport equipment, and chemicals (48.9 % and 16.2 % of total exports respectively) made up 84.3 % of EU goods exports to New Zealand in 2021, while 61.2 % of EU imports from New Zealand consisted of agricultural products. Since 2011, the EU-27 have 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 €3.2 billion in 2021.