With the rapid development of the economy, China's import and export trade has achieved significant growth, and now China has become the world's largest trading nation. According to statistics, in 2020, China's total foreign trade volume reached 32 trillion yuan, with a growth of nearly 2%, among which exports grew by 4%, making it the only major economy in the world to achieve positive growth in foreign trade imports and exports.

China's trade with the European Union and the Association of Southeast Asian Nations (ASEAN) has become more frequent, with ASEAN becoming China's largest trading partner. In the first quarter of 2021, China's total imports and exports to ASEAN reached 1.24 trillion yuan, accounting for 14.7% of China's total foreign trade volume.

Globally, some countries are very rich in resources, exporting various resources to other countries, and becoming very wealthy by "selling resources." The most typical example is Australia. Australia and China also have frequent trade exchanges, and China imports some beef, mutton, wine, and iron ore from Australia every year.

However, in recent years, some actions by Australia have had a negative impact on its product exports, which can be described as self-inflicted. From December 2020 to March of this year, Australia's wine exports to China were less than 10 million US dollars, a year-on-year decrease of 96%. Exports of other products are also declining, causing a significant blow to its export industry.

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It's not just a sharp decline in exports, but China's investment in Australia is also gradually decreasing. The peak was in 2016, when China invested 81.6 billion yuan in Australia, but in 2019, it only invested 12.8 billion yuan, and in 2020, it fell to 4.9 billion yuan. Investment is one of the "three engines" that drive the economy, and now Australia's exports and investments have suffered significant losses.

Perhaps Australia did not expect that this country may replace its position, with exports to China exceeding 120 billion yuan. It is New Zealand. According to statistical data, in 2020, China's trade volume with New Zealand reached 18.1 billion US dollars, equivalent to 115.7 billion yuan, setting a new record.

Since 2017, China has replaced Australia as New Zealand's largest trading partner. According to statistics, in 2020, New Zealand's export trade volume to China reached 19.3 billion US dollars, equivalent to 123.4 billion yuan, accounting for a quarter of New Zealand's total export volume, far exceeding Australia and the United States.

In fact, New Zealand also has abundant resources, among which mineral resources are also very rich. Coal, iron ore, and clay are all export products. In addition, New Zealand's dairy products, wine, lobster, mutton, and other meat products are also exported in large quantities. New Zealand has the world's largest dairy giant.

New Zealand is still very dependent on the Chinese market. After all, 50% of New Zealand's meat exports go to the Chinese market, one-third of its dairy products are exported to China, and 60% of its forestry products are exported to China.

Of course, there is also commercial competition between Australia and New Zealand, and many export products are similar, especially meat products and dairy products. With the further acceleration of trade exchanges, New Zealand may replace Australia in many product categories in the future, and China can directly import related products from New Zealand.In this context, beef is the market that New Zealand wants to compete for. In the past, Australia exported more beef to China, while New Zealand's share was relatively small. Now that Australia has lost the opportunity, how could New Zealand miss this chance to expand its market share?

According to statistics, by 2019, China had already replaced the United States as New Zealand's largest beef buyer, with New Zealand's beef exports to China increasing by 20%. In the first half of 2020, New Zealand's beef exports to China grew by 24% year-on-year. In addition, New Zealand's lamb exports to China also increased by 4%, with the export value of lamb exceeding that of beef.

It's not just about import and export trade; the number of tourists from our country visiting New Zealand each year contributes significantly to New Zealand's tourism industry. In 2020, due to the impact of the pandemic, the number of tourists from our country decreased sharply, which also had an impact on New Zealand's tourism industry. However, New Zealand increased the export of meat and dairy products to our country, which offset the losses in the tourism industry to some extent.