New Zealand's Dairy Export Growth Contributes to Record $62B Food Exports

New Zealand's food and fibre export revenue is set to achieve a record-breaking $62 billion in 2026, according to the government’s latest Situation and Outlook for Primary Industries report. This marks a $1.6 billion increase from the previous record of $60.4 billion. The dairy sector, a cornerstone of New Zealand's agricultural economy, is projected to grow by 1% despite global economic challenges.

Sectoral Contributions and Growth

Alongside dairy, the meat and wool sectors are expected to lead the expansion with a 7% revenue increase, followed by horticulture with a 5% rise. The dairy sector's modest growth reflects ongoing market adjustments but highlights its critical role in the broader agricultural industry. The food and fibre sectors collectively contribute approximately 83% of New Zealand’s goods exports.

Government Support and Market Conditions

Agriculture and Forestry Minister Todd McClay emphasized the robust demand for New Zealand's high-quality, sustainable products. The government supports this growth through regulatory reforms, aiming to enhance returns for producers while maintaining environmental standards. Market conditions and favorable production have bolstered New Zealand's export capacity across various agricultural segments.

One in seven New Zealanders is employed within the food and fibre sector, underscoring its significance for regional development and economic prosperity. The projected export performance is expected to positively impact employment and foreign exchange earnings in 2026, reinforcing New Zealand's status as a reliable global supplier of premium dairy products.