New figures from Stats NZ show that in June 2019, the value of all goods exported rose $136 million (2.8 percent) from June 2018 to reach $5 billion. The exports of logs and wood led this rise in exports, which saw a 16% increase or a value of $65 million.
Forestry is New Zealand’s third largest export earner, behind dairy products and meat and edible offal. China remains our largest export market for logs, and despite a dip in log prices there NZ still saw an increase in its export earnings from the Asian giant.
The rise in log exports was led by untreated logs, which went up by $55 million (20 percent) from a year earlier. New Zealand’s overall exports to China also increased by 27 percent or $297 million from June 2018, driven also by beef and milk power exports along with untreated logs.
New Zealand First have strongly pushed to revive our country’s forestry sector and to promote an export-led economy. It is positive to see significant gains being made already, and with our party’s influence in the Coalition Government this progress will be stretched further.