As our country and the world recovers, New Zealand’s export revenue is forecast to rebound to a record $49.1 billion for the year ending June 2022 according to Ministry for Primary Industries’ Situation and Outlook for Primary Industries (SOPI) reports.

Highlights from the reports include:

•         Dairy exports forecast to rise 7.2% to $20.4 billion, for the year ended June 2022.
•         Meat and wool export revenue forecast to increase 0.4% in the year to June 2022, mostly led by wool, venison, other meat, and animal products.
•         Forestry export revenue to reach $6.4 billion in the year to June 2022.
•         Horticulture exports revenue to increase 2% to $6.8 million in 2022 due to higher volumes and strong prices.
•         Seafood export revenue is forecast over the medium to long-term, to grow, with rising prices and mostly stable production.
•         Arable production and exports are expected to recover in the year ending June 2022, pushing export revenue up 3.7% to $280 million.
•         Exports of processed foods and other products is expected to decrease 2.6% to $3.0 billion in 2022.

Source: Situation and Outlook for Primary Industries (SOPI) published quarterly by the Economic Intelligence Unit. Crown copyright.

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