New Zealand imports a wide array of products to meet the needs of its growing economy and population. Key imports include vehicles, machinery, petroleum, and electronic equipment. These products are essential in supporting New Zealand’s industries, infrastructure, and daily consumer demands, ensuring that the country remains connected to the global economy.

In 2024, New Zealand’s imports are projected to reach around $70 billion, representing an increase from previous years. For instance, in 2023, the total import value was approximately $68 billion. Economic factors, such as fluctuations in the New Zealand dollar and global supply chain dynamics, have influenced the cost and availability of certain imports.

Top 10 Products Imported to China in 2024

New Zealand’s top imports in 2024 reflect the country’s diverse economic and consumer needs, with significant expenditures on vehicles, machinery, and petroleum products, which are essential for transportation, industrial operations, and energy demands. The importance of electronic equipment highlights the nation’s reliance on advanced technology, while substantial pharmaceutical and medical imports underscore the critical role of healthcare products. Additionally, the import of raw materials such as iron, steel, and plastics supports New Zealand’s construction and manufacturing sectors, demonstrating the wide range of goods that drive the economy and meet the needs of its population.

1. Vehicles

New Zealand imports a substantial number of vehicles, valued at approximately $6 billion. This sector is critical for supporting both personal transportation and commercial logistics. Major import partners for vehicles include Japan, the European Union, and Thailand, which supply a significant portion of the country’s automotive demand.

2. Machinery

Machinery imports to New Zealand amount to around $5.5 billion, covering a wide range of industrial and agricultural machinery essential for the country’s development. Key suppliers include China, Germany, and the United States, which provide advanced technologies to meet New Zealand’s infrastructure and agricultural needs.

3. Petroleum and Fuels

Petroleum imports, valued at approximately $5.2 billion, play a vital role in supporting New Zealand’s energy demands. The country primarily sources crude oil and refined petroleum from Singapore, Australia, and South Korea, ensuring a steady supply to power its industries and transportation networks.

4. Electronic Equipment

With a value of around $3.8 billion, electronic equipment is a crucial import for New Zealand, including computers, telecommunications gear, and consumer electronics. China, the United States, and Japan are the main suppliers, reflecting New Zealand’s reliance on advanced technology from global leaders.

5. Pharmaceuticals

Pharmaceutical imports to New Zealand are valued at approximately $2.7 billion, providing essential medications and healthcare products for the population. The main suppliers include the United States, Germany, and Switzerland, which contribute high-quality medical supplies to New Zealand’s healthcare system.

6. Plastics

Plastics, both in raw materials and finished products, account for around $1.8 billion in imports. These materials are crucial for various industries, including packaging and manufacturing. Key import partners include China, the United States, and Malaysia.

7. Medical and Surgical Instruments

New Zealand imports approximately $1.5 billion worth of medical and surgical instruments. These products are essential for healthcare providers, hospitals, and clinics across the country. The United States, Germany, and the Netherlands are the primary sources of these advanced medical tools.

8. Iron and Steel

Iron and steel imports total around $1.4 billion, playing a key role in New Zealand’s construction and manufacturing sectors. The country sources these materials predominantly from Australia, China, and South Korea.

9. Chemicals

Chemical imports, valued at approximately $1.3 billion, are crucial for New Zealand’s industrial, agricultural, and pharmaceutical sectors. Major import partners include China, the United States, and the European Union, which supply a wide range of chemical products.

10. Textiles

New Zealand imports textiles worth around $1 billion, supporting both the fashion industry and various manufacturing processes. China, India, and Bangladesh are the leading suppliers, providing fabrics and garments to meet consumer demand.

Conclusion

New Zealand’s thriving import market in 2024 presents valuable opportunities for global businesses. However, like any country, New Zealand has specific regulations, processes, and requirements for importing goods. Businesses that fail to comply with these import regulations may encounter challenges such as delays, additional costs, or even penalties.

For companies looking to import into New Zealand, reliable logistics and compliance services are essential. Connecta offers comprehensive logistics solutions, including freight forwarding, international shipping, warehousing and distribution, and supply chain management. With Connecta handling your import logistics, you can focus on growing your business while ensuring seamless and efficient shipments.

Contact us to learn more about how to connect with New Zealand’s dynamic market. Connecta’s expertise in transportation and logistics will help you navigate the intricacies of New Zealand’s import processes, ensuring that your products arrive safely and on time.