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Three years after COVID-19 emerged, New Zealand is grappling with economic imbalances that have been amplified by the pandemic, our response, and its aftermath. The gap between our exports and imports has not been worse in almost 50 years, the only way to grow the economy seems to be by opening the migration tap, and housing affordability remains as critical as ever. We must strive for better, more sustainable, ways to increase productivity and grow the economy – and soon. Read


Chinese flag

Since New Zealand’s free-trade agreement with China came into force in late 2008, the share of our exports heading to China has lifted from 5% to as high as 32% last year. This well-documented trend clearly reflects the economic benefits to New Zealand of being hooked into the fast-growing Chinese market. But the increasing concentration on a single market has also raised questions of New Zealand’s overreliance Read


photo of a globe

The global economic outlook soured in early 2022, with the recovery being stifled by high inflation, continued supply chain disruptions, and rising geopolitical clashes. There’s a lot happening, and although this article doesn’t capture every piece of global economic news, it does set out some of the key global hurdles, and what they mean for the economic outlook. Read


The global security picture has been upended after the Russian invasion of Ukraine last week, with heavy fighting across all invasion fronts, substantial sanctions on Russia by Western countries, and Russian President Vladimir Putin ordering the country’s nuclear deterrence forces “to a special mode of combat duty.” Global tensions are ratcheting higher, with increased uncertainty about the global economic outlook. Prices for energy products, farm inputs, and metals have risen, and financial markets are volatile as the Russian financial system feels the pressures of isolation. Read


China has become a posterchild for developing nations and having lifted hundreds of millions of people out of poverty, you can see why. Despite its authoritarian-style rule and being a greater champion of the state than the individual, China’s economy has done extremely well after adopting a more open economy and market-driven principals in the late 1970s. How long can this dream run for China’s “socialist market economy” go on for? Read


The free trade agreement signed earlier this month between New Zealand and the United Kingdom will open up huge opportunities for local exporters. The Free Trade Agreement (FTA) will eliminate all tariffs on New Zealand exports, with 97% of them being removed the day the FTA comes into force. Although, the government estimates the FTA will boost GDP by $1b we have used our Export Market Finder tool to identify some of the top opportunities for New Zealand exporters. Read


The massive increase in tourist numbers coming to New Zealand between the Global Financial Crisis and the COVID-19 pandemic is well documented, lifting from under 2.5m in 2008 to 3.9m in 2019. But it’s perhaps less well-known that agriculture and forestry exports held their own during this period, with their share of total exports increasing from 44% to 49%. Read


What we export as a nation shapes us considerably. It influences the skills we develop, how the countryside looks, and how other countries view us. Our exports also shape our regions, with a typical Waikato scenery of rolling dairy country, Marlborough’s endless rows of grapes, and the Bay of Plenty with its tangled kiwifruit vines. We should then be very aware of what produce comes from each part of the country, as it not only shapes the local economy it shapes the entire landscape. Read


New analysis from economic consultancy Infometrics reveals billions of dollars of untapped potential for Kiwi exporters for new markets and products across the globe. Read


Infometrics is pleased to partner with Nelson Tasman Chamber of Commerce to host an event in Nelson, to introduce Infometrics Export Market Finder. Read

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