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Hong Kong-New Zealand Trade Relations
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  Hong Kong-New Zealand Trade Relations  
  1. Trade in Goods
    1. Points to Note
      1. The average annual growth rate in bilateral trade between Hong Kong and New Zealand was 8% from 2009 to 2013. The bilateral trade decreased by 0.9% in 2013.
      2. In 2013, New Zealand was Hong Kong's 41st largest trading partner, our 34th largest market for domestic exports, 42nd largest market for re-exports, and 33rd largest source of imports.
      3. Reciprocally, Hong Kong was New Zealand's 21st largest trading partner, 11th largest export market and 39th largest source of imports in 2013.
      4. In 2012, Hong Kong was the world's 9th largest trading entity in merchandise trade while New Zealand ranked 63rd.
      5. In 2012, HK$4.0 billion (US$0.5 billion) worth of trade between New Zealand and the Mainland of China was routed through Hong Kong, representing 5.4% of the total trade between New Zealand and the Mainland.
      6. The Hong Kong, China–New Zealand Closer Economic Partnership (CEP) Agreement was signed on 29 March 2010 and entered into force on 1 January 2011. It is a comprehensive and high quality free trade agreement covering a wide range of areas of mutual interest to Hong Kong and New Zealand, including liberalisation measures in both trade in goods and services, as well as initiatives to further strengthen the bilateral trade and economic ties on various fronts. Under the CEP Agreement, the two sides agreed to enter into and conclude negotiations on an Investment Protocol.


    2. Summary of Hong Kong's Trade with New Zealand
      (Values in million)
        2012 % Change over 2011 2013 % Change over
      2012
      (a) Domestic Exports HK$50
      (US$7)
      -20 HK$72
      (US$9)
      +42
      (b) Re-exports HK$4,083
      (US$526)
      -0.1 HK$4,060
      (US$524)
      -0.6
      - of Mainland origin HK$3,491
      (US$450)
      85%*
      -2 HK$3,469
      (US$447)
      85%*
      -0.6
      (c) Total Exports
              [(a)+(b)]
      HK$4,134
      (US$533)
      -0.4 HK$4,132
      (US$533)
      -0.03
      (d) Imports HK$4,679
      (US$603)
      +15 HK$4,604
      (US$594)
      -2
      (e) Total Trade
              [(c)+(d)]
      HK$8,813
      (US$1,136)
      +7 HK$8,737
      (US$1,126)
      -0.9
      (f) Balance of Trade
              [(c)-(d)]
      -HK$545
      (-US$70)
        -HK$472
      -(US$61)
       
      * Figure denotes share of Mainland-origin re-exports in Total Re-exports.

    3. Major Categories of Commodities Traded between Hong Kong and New Zealand
        Domestic Exports
      1. In 2013, Hong Kong's major domestic export items to New Zealand were photographic apparatus, equipment and supplies and optical goods, watches and clocks (44%); miscellaneous edible products and preparations (12%); and jewellery, goldsmiths' and silversmiths' wares, and other articles of precioius or semi-precious materials (11%).
        Re-exports
      2. In 2013, Hong Kong's major re-export items to New Zealand were telecommunications and sound recording and reproducing apparatus and equipment (31%); articles of apparel and clothing accessories (17%); and electrical machinery, apparatus and appliances, and electrical parts thereof (9%).
        Imports
      3. In 2013, Hong Kong's major import items from New Zealand were dairy products and birds' eggs (26%); meat and meat preparations (16%); and vegatables and fruit (8%).


  2. Trade in Services
    1. Points to Note
      1. The average annual growth rate in bilateral trade in services between Hong Kong and New Zealand was 7% from 2007 to 2011. The bilateral trade in services increased by 5% in 2011.
      2. In 2011, New Zealand was our 27th largest trading partner, 30th largest export market (0.3% of total exports of services), and 24th largest source of imports (0.4% of total imports of services).
      3. Reciprocally, Hong Kong was New Zealand's 11th largest trading partner, 11th largest export market and 12th largest source of imports in 2013.
      4. In 2012, Hong Kong was the world's 16th largest commercial services trading entity while New Zealand ranked 52nd.


    2. Summary of Hong Kong's Trade in services with New Zealand
      (Values in million)
        2010 % Change over 2009 2011 % Change over
      2010
      (a) Exports HK$1,803
      (US$232)
      +37 HK$1,738
      (US$223)
      -4
      (b) Imports HK$1,887
      (US$243)
      +14 HK$2,134
      (US$274)
      +13
      (c) Total Trade
              [(a)+(b)]
      HK$3,690 (US$475) +24 HK$3,872 (US$497) +5
      (d) Net Export of Services
              [(a)-(b)]
      -HK$84
      (-US$11)
        -HK$396
      (-US$51)
       


    3. Export of Services
      1. From 2007 to 2011, the average annual growth rate of exports of services to New Zealand was 6%.  In 2011, the top three components of services exports were transport services, travel services and other business services. 


    4. Import of Services
      1. From 2007 to 2011, the average annual growth rate of imports of services from New Zealand was 8%.  In 2011, the top three components of services imports were travel services, transport services and other business services.


  3. Bilateral Investment
    1. As at 1 June 2012, New Zealand was outside the 30 major sources of imward direct investment (IDI) into Hong Kong and outside the 30 major destinations of outward direct investment (ODI) from Hong Kong.  Relevant investment data are not released by C&SD.
    2. As at 1 June 2013, 9 regional offices were set up by New Zealand companies in Hong Kong.
    3. Hong Kong and New Zealand signed the Investment Promotion and Protection Agreement (IPPA) on 6 July 1995. The Agreement came into force on 5 August 1995.


  4. Hong Kong-New Zealand Arrangement on Co-operation on Wine-related Business
    1. The Hong Kong-New Zealand Arrangement on Co-operation on Wine-related Business was signed on 28 October 2009 in Hong Kong. Under the arrangement, both places will strengthen co-operation in the promotion of wine-related trading, investment, tourism and education and in the fight against counterfeit wine.




February 2014