New Zealand

All of Tasman Orient Line’s vessels link Asia with New Zealand - calling at Marsden Point, Auckland, Tauranga, Wellington, Nelson, Timaru and Bluff. Based in Auckland and with 7 offices of its agency company Quadrant Pacific, the Line offers the largest network of local representatives throughout the country.


Economic Indicator

Population 4.073 million estimated (as at March 2005)
GDP $NZ122.936 billion (YE March 2005)
GDP Growth Rate 4.2% (YE March 2005)
GDP Per Capita NZ$30.184 (YE March 2005)
Inflation 2.8% (YE March 2005)
Total Imports $NZ35.5 billion
Total Exports $NZ31.1 billion
Currency New Zealand Dollar
Exchange Rate NZ$1.48:US$1.00 (average, YE March 2005)
Source: Statistics New Zealand


Overview
New Zealand's economy is heavily dependent on overseas trade. Traditionally, a large proportion of New Zealand's exports, mainly agricultural products, went to the United Kingdom. In the past 20 years, however, New Zealand has adapted to a changing world so that Asia is now more dominant. Our largest merchandise export markets are Australia, USA and Japan. New Zealand has developed its agriculture and manufacturing industries to suit the needs of niche markets. Dairy and meat exports still make a large contribution to New Zealand's economy. However, industries such as forestry, horticulture, fishing, manufacturing and tourism have become increasingly significant.

New Zealand is a sovereign state with a democratic parliamentary government based on the Westminster system. Since 1996 New Zealand has elected Members of Parliament using a "Mixed Member Proportional" (MMP) system of proportional representation. Elections are usually held every three years.

The last three Governments have been coalitions between major party and minor party with support from other minor parties on issues of confidence and supply. Since 1996 more than six political parties have been represented in Parliament.

The judicial system in New Zealand is based on the British model. The judiciary is independent from the executive.

New Zealand has a high degree of social and political stability and a modern social welfare system.

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Exports by Country Year Ended March 2005 $NZ(million)
Australia 6,539
United States of America 4,521
Japan 3,456
People's Republic of China 1,657
United Kingdom 1,468
Republic of Korea 1,141
Germany 764
Taiwan 698
Canada 574
Hong Kong (SAR) 553
All merchandise exports 36,806
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Imports by country Year Ended March 2005 $NZ(million)
Australia 7,997
Japan 3,999
United States of America 3,779
People's Republic of China 3,508
Germany 1,828
United Kingdom 1,205
Singapore 1,034
Republic of Korea 1.011
Taiwan 903
Italy 849
All merchandise imports 35,457
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Exports by commodity
Year Ended March 2005
$NZ(million)
Milk powder, butter and cheese 4,998
Meat and edible offal 4,688
Logs, wood and wood articles 2,046
Mechanical machinery and equipment 1,628
Fruit 1,356
Fish, crustaceans and molluscs 1,136
Aluminium and articles thereof 1,076
Electrical machinery and equipment 1,033
Iron and steel and articles of 726
Wool 698
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Imports by commodity
Year Ended March 2005
$NZ(million)
Vehicles, parts and accessories 5,533
Mechanical machinery and equipment 4,912
Petroleum and products 3,806
Electrical machinery and equipment 3,291
Textiles and textile articles 1,647
Plastic and plastic articles 1,367
Iron and steel and articles of 1,257
Optical, medical and measure equipt 1,087
Paper and paperboard and articles of 952
Pharmaceutical products 824
Source: Statistics New Zealand

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