New Zealand and Philippines business ties
New Zealand and the Philippines have enjoyed more than 40 years of diplomatic relations, as well as a growing trade relationship. This partnership has become more substantial over the last decade, with opportunities for further growth including food and beverage (F&B), geothermal and renewable energy, aviation, technology, forestry and wood.
The Philippines is New Zealand’s seventeenth-largest trading partner, with total two-way trade of NZ$1.36 billion in 2018. Goods trade, especially dairy, meat and wood, make up the majority of trade, but New Zealand also exported $300 million in services to the Philippines in 2018, with strong potential for further growth.
New Zealand tech businesses are active in the Philippines, including those supporting the Business Process Outsourcing (BPO) industry as well as firms active in productivity and automation, mobile applications, payment and financial systems, and business analytics.
The Philippines is also the world’s second-largest producer of geothermal energy after the United States, and significant opportunities exist for New Zealand companies in consultancy, supply of technical services and special equipment, technical training and education in this sector.