New Zealand Primary Sector Forecast to Reach $70 Billion by 2030
Against all the odds, the primary sector has turned in a stellar performance with export returns for 2026 hitting $64.3 billion - up 6% on the previous year.
Dairy export revenue is on track to reach a record high of $21.6 billion, 13% higher than the previous year.
Agriculture Minister Damien O'Connor says the latest Situation and Outlook for Primary Industries (SOPI) report, released last week, shows that this will be the first time we've hit more than $50 billion in food and fibre exports, an increase of almost 10% on the previous year.
"This is a tremendous result for the sector as farmers, growers and others in the supply chains who play such a critical role in our economy.
"They have continued to deliver quality products for Kiwis and overseas consumers while navigating global disruption and uncertainty.
"Our markets abroad are demanding high-quality products that are made with care, and this report indicates our exporters are responding to these market signals.
"To that end, the Government is investing to support farmers and growers to deliver food and fibre with low emissions and high sustainablity, which will provide us economic security."
Damien O'Connor said the SOPI, released by the Ministry for Primary Industries (MPI), forecast significant growth across the majority of our food and fibre exports.
