The United States and New Zealand engage regularly to discuss trade and investment issues, including under our 1992 Trade and Investment Framework Agreement. The latest information regarding significant trade barriers can be found in the 2021 National Trade Estimate Report, see here.
New Zealand Trade & Investment Summary
U.S. goods and services trade with New Zealand totaled an estimated $13.4 billion in 2022. Exports were $6.7 billion; imports were $6.7 billion. The U.S. goods and services trade surplus with New Zealand was $14 million in 2022.
U.S. goods exports to New Zealand in 2022 were $4.2 billion, up 12.0 percent ($447 million) from 2021 and up 29 percent from 2012. U.S. goods imports from New Zealand totaled $5.4 billion in 2022, up 8.7 percent ($428 million) from 2021, and up 56 percent from 2012. The U.S. goods trade deficit with New Zealand was $1.2 billion in 2022, a 1.5 percent decrease ($19 million) over 2021.
U.S. exports of services to New Zealand were an estimated $2.5 billion in 2022, 38.6 percent ($709 million) more than 2021, and 21 percent greater than 2012 levels. U.S. imports of services from New Zealand were an estimated $1.3 billion in 2022, 62.7 percent ($509 million) more than 2021, and 23 percent less than 2012 levels. Leading services exports from the U.S. to New Zealand were in the travel, financial services, and transportation sectors. The United States had a services trade surplus of an estimated $1.2 billion with New Zealand in 2022, up 19.5 percent from 2021.
U.S. foreign direct investment (FDI) in New Zealand (stock) was $10.6 billion in 2022, a 10.4 percent decrease from 2021. U.S. direct investment in New Zealand is led by nonbank holding companies, finance and insurance, and manufacturing.
New Zealand's direct investment in the U.S. is led by manufacturing, wholesale trade, and real estate.
