new zealand trade partners

NEW ZEALAND TRADE PARTNERS

HISTORY As NZ was settled, the idea was that NZ was a farm,

used to provide wool for England's thriving textile industries.

This caused two major implications to NZ’s trade

IMPLICATION #1

From its earliest times NZ was an exporter of primary products.

First provided wool and as technology advanced frozen meat and dairy products were exported to the ‘mother country’.

IMPLICATION #2

Since NZ was a British colony, it was only natural that the major buyer of our products should be Britain itself.

DEPENDENCE???

Dependence on narrow range of primary products

Dependence on the UK as our principal export market

NZ’S PROBLEMS

Primary products suffer sharp fluctuations in the price on international markets. Therefore incomes received by these products fluctuate as well.

We traditionally exported primary products in a relatively unprocessed form. The prices received for these unprocessed products are significantly less than that received for processed products. Only since 1970s has this begun to change

IMPORT AND EXPORT STATS

Get into pairs

Focusing only on Imports Analyse the data sheets and come up with

Three Trends in the data Three conclusions about the data.

Come back and share with the class.