Westpac Financial Performance Update
13 |
NZ Export Markets
Commodity (%)
1%
1%
2%
2%
8%
•
•
19%
3%
6%
4%
5%
7%
17%
■Dairy
■Tourism
■Meat and other Animal
Destination (%)
Products
Commercia Services
■Logs, wood and wood articles
6%
Education
Fruit and Vege
14%
7%
Air transport
Engineering, Medical & Teleco
Wine
■Fish
11%
Wool
Crude oil
Other
9%
3% 2%
4%
6%
17%
24%
■Australia
E China & Hong Kong
United States & Canada
■S.E.Asia
■Japan
United Kingdom
Eurozone
■Korea, Peoples Republic of
Middle East
22%
■India
Dairy is significant but represented only 17% of NZ exports in 2015 (down from 28%)
All sectors benefit from weakening currency particularly immediate improvement for Tourism and Education
•
NZ has strong trading relationships benefiting from continued urbanisation in broad Asia.
•
North American recovery provides further lift for non-dairy exports.
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