Manufacturing in New Zealand contributed $23 billion (12%) of the country's gross domestic product and directly employed 241,000 people in 2017, while manufactured goods made up 52% of the country's exports by value. The food and beverage subsector alone contributed 32% of manufacturing's GDP and 71% of exports.[1]
New Zealand has a disadvantage in export manufacturing due to its small population, isolated location, and high costs. Therefore, the majority of manufacturing is for the domestic markets, with the majority of exported manufactured goods being large-scale commodities (e.g. meat and dairy), high-value innovative products, and products targeting global niches.[1]
- ^ a b Beyond commodities: Manufacturing into the future (PDF). Ministry of Business, Innovation and Employment. 2018. ISBN 978-1-98-853508-1.
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