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From the previous year. Corresponding U.S. imports from New Zealand were $3.1 billion, roughly the same as in 2006. New Zealand is currently the 49th largest export market for U.S. goods. U.S. exports of private commercial services (i.e., excluding military and government) to New Zealand were $1.4 billion in 2006 (latest data available), and U.S. imports were $1.5 billion. Sales of services in New Zealand by majority U.S.-owned affiliates were $2.0 billion in 2005 (latest data available), while.
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Overview. New Zealand's free trade agreement with the United Kingdom entered into force on 31 May 2023. The NZ-UK FTA is one of the highest quality and most comprehensive free trade agreements that New Zealand has ever concluded.
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New Zealand's Trade Balance recorded a deficit of 1.0 USD bn in Oct 2023, compared with a deficit of 1.4 USD bn in the previous month See the table below for more data.
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New Zealand does not have a Free Trade Agreement (FTA) with the United States.
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New Zealand is a strong, steadfast partner and friend of the United States. The U.S. diplomatic presence in New Zealand dates back to the commissioning of the first U.S. Consul in 1838.
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The Free Trade Agreement (FTA) will remove 100% of New Zealand tariffs on EU exports on its entry into force and will lift 98.5% of EU tariffs on New Zealand trade after seven years.
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A partial free trade treaty, the New Zealand Australia Free Trade Agreement (NAFTA), entered into force in 1966, leading to the removal of tariffs and quantitative restrictions on 80 per cent of trans-Tasman trade by the late-1970s.
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The main products exported from New Zealand to United States were Frozen Bovine Meat ($1.24B), Wine ($725M), and Sheep and Goat Meat ($508M). During the last 26 years the exports of New Zealand to United States have increased at an annualized rate of 6.36%, from $1.44B in 1995 to $7.18B in 2021.
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The United States has agreements in force with 20 countries: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore, and South Korea.
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