Until the mid 1990s, New Zealand’s trade thrived as a result of several reforms achieved under the Uruguay Round of trade negotiations. As part of these negotiations, the country’s agriculture and dairy sector benefited from various trade opportunities in the long term. New Zealand is also a member of various trade organizations, such as the Asia-Pacific Economic Cooperation (APEC), World Trade Organization (WTO) and Organization for Economic Co-operation and Development (OECD).
New Zealand is heavily dependent on free trade, specifically on agricultural products. As of 2007, exports account for roughly 24% of the country’s output. While New Zealand’s total exports amounted to $26.25 billion in 2009, its total imports came in at $24.29 billion.
New Zealand’s leading exports include:
Fruit and vegetables
Wood and wood products
Tourism, which accounts for 8.9% of New Zealand’s total GDP through its contribution of $12.8 billion, plays a key role in New Zealand's economy. Moreover, tourism provides full-time equivalent jobs to roughly 200,000 people, or 9.9% of the country’s total workforce (as of February 2008).
The country’s leading imports include:
Machinery and equipment
Vehicles and aircraft
The countries with which New Zealand trades include:
Export (as of 2008)
The People's Republic of China: 5.9%
Import (as of 2008)