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Home arrow Articles by Topic arrow Economic benefits arrow New Zealand Tourism Overtakes Dairy as Largest Export Industry
New Zealand Tourism Overtakes Dairy as Largest Export Industry PDF Print
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Articles - Economic benefits
Written by Tracy Withers, Bloomberg   
Saturday, 13 November 2010

[The 26 October] report is the annual assessment of the contribution of tourism to the economy.

Tourism has overtaken the dairy industry as New Zealandís biggest export industry as foreign visitor spending recovered and a drought curbed milk production, a government report showed.

Spending by foreign tourists rose 1.6 percent to NZ$9.54 billion ($7.1 billion) in the year ended March 31, Statistics New Zealand said in a report released in Wellington today. Exports of butter, cheese and milk powder fell 10 percent to NZ$8.97 billion, the agency said

Tourism spending is recovering after a revised 0.7 percent decline last year -- the first drop in a decade -- as the global financial crisis curbed travel. Exports make up 30 percent of New Zealandís $125 billion economy.

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