Bilateral trade between India and New Zealand has touched $2.4 billion in the financial year 2024-25, reflecting growing economic engagement between the two countries. Officials noted that the increase was driven by stronger exports of agricultural products, dairy, and services from New Zealand, alongside rising demand for pharmaceuticals, textiles, and engineering goods from India.
Commerce Ministry data indicated that India’s exports to New Zealand registered steady growth, while imports from New Zealand also expanded, highlighting a balanced trade relationship. The figures underscore the potential for further cooperation in sectors such as education, technology, renewable energy, and tourism.
Experts said the milestone demonstrates the resilience of bilateral trade ties despite global economic challenges. Both governments have reiterated their commitment to strengthening economic partnerships, with discussions underway on expanding market access and exploring new investment opportunities.
Officials emphasized that the trade growth aligns with India’s broader strategy of diversifying global trade partnerships and enhancing cooperation with the Indo-Pacific region. The achievement is expected to pave the way for deeper collaboration in innovation, skill development, and sustainable growth initiatives.
