New Zealand is heavily reliant on its exports, and the country's agricultural industry plays a significant role in its economy. The country's major exports include dairy products, meat, forestry products, horticultural products, and seafood. The success of these industries is due to the country's natural resources, as well as the expertise of its exporters, such as Fonterra, Silver Fern Farms, Carter Holt Harvey, Zespri, and Sanford.
Dairy products are the most significant export of New Zealand, accounting for more than a third of the country's total exports. New Zealand is one of the largest exporters of dairy products globally, and its dairy industry is worth billions of dollars annually. In 2020, the value of dairy product exports from New Zealand was NZD 16.4 billion. The country's most significant dairy exporter is Fonterra, a multinational dairy co-operative that produces milk, butter, cheese, and other dairy products. Fonterra accounts for approximately 30% of the global dairy trade and is one of New Zealand's largest companies.
Meat is the second-largest export of New Zealand, accounting for nearly a quarter of the country's total exports. The country is known for its high-quality meat products, particularly beef and lamb. In 2020, the value of meat exports from New Zealand was NZD 9.4 billion. The country's most prominent meat exporter is Silver Fern Farms, a company that exports premium beef and lamb products to more than 60 countries worldwide.
New Zealand is home to vast forests, and the forestry industry is an essential part of the country's economy. The country is a significant exporter of wood and paper products, and in 2020, the value of forestry exports from New Zealand was NZD 6.5 billion. The largest forestry exporter in New Zealand is Carter Holt Harvey, a company that produces wood products for construction, packaging, and other applications.
New Zealand is a major exporter of horticultural products, including fruits, vegetables, and wine. The country's temperate climate and fertile soils make it ideal for growing a variety of crops. In 2020, the value of horticultural exports from New Zealand was NZD 6.4 billion. The largest horticultural exporter in New Zealand is Zespri, a company that exports kiwifruit to more than 50 countries worldwide.
New Zealand is surrounded by the ocean, and its seafood industry is an essential part of its economy. The country is known for its high-quality seafood products, including fish, shellfish, and seaweed. In 2020, the value of seafood exports from New Zealand was NZD 2.4 billion. The largest seafood exporter in New Zealand is Sanford, a company that exports a variety of seafood products to more than 30 countries worldwide.