New Zealand Keeps Milking China for Growth Ahead of New Trade Deal — Panjiva
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New Zealand Keeps Milking China for Growth Ahead of New Trade Deal

Ags - Meat/Dairy 268 China 3048 New Zealand 36 Trade Balance 935 Trade Deals 1017

Exports from New Zealand climbed 10% on a year earlier in April, outstripping the 5% growth in imports and generating a surplus that was 87% higher than expected. Shipments to China were the main driver with a 23% increase. That coincided with a 35% rise in dairy exports, the second largest sales line to China, Panjiva data shows. Continued growth in China-bound shipments may need a new trade deal. While a bilateral deal is under discussion, the broader RCEP trade agreement is more likely to be a focus for China.

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