The bilateral trade between New Zealand and the United Arab Emirates witnessed a 29 per cent increase during the past one year. The bilateral trade for the year ending October 2019 went up to NZ$4.08 billion ($2.62 billion) from NZ$3.16 billion ($2.03 billion) during the year ending October 2018, witnessing a 29 per cent increase. New Zealand’s trade with the UAE represented around 50 per cent of its total trade with all the Arabian Gulf countries.
Of the NZ$4.08 billion trade for the year ending October 2019, the balance of trade was in favour of the UAE with imports to New Zealand were to the tune of NZ$3.1 billion ($1.99 billion) and exports to the UAE were valued at NZ$930 million ($597.54 million). About 90 per cent of the imports from the UAE were petroleum products worth NZ$2.85 billion ($1.83 billion) and the remainder included plastics worth NZ$36 million ($23.13 million).
source: Gulf Today
