India and New Zealand share a longstanding partnership founded on shared democratic values, strong people-to-people ties, and economic complementarities. “Both countries have continuously worked towards building their bilateral relationship encompassing trade and investment,” the commerce ministry said in the statement.A meeting was held between Commerce Minister Piyush Goyal and New Zealand counterpart Todd McClay here in New Delhi, laying the foundation of a momentous partnership towards strengthening the economic and trade ties between the two countries.In the year 2023-24, New Zealand exported a total of USD 0.84 billion in goods and services to India and imported USD 0.91 billion, for a total trade value of USD 1.75 billion.India primarily imports wool, Iron and Steel, fruit and nuts, and aluminium from New Zealand. Indian exports to New Zealand mostly consist of pharmaceuticals/medications, Mechanical Machinery, made-up textile articles, pearls, Precious stones, and Metals.
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