Investment from Southeast Asia increases
Investment from Southeast Asia increases – Media release
26 September 2013
The value of Southeast Asia's foreign direct investment (FDI) in New Zealand grew to $4.4 billion at 31 March 2013, up from $2.8 billion at 31 March 2012, Statistics New Zealand said today.
The majority of this increase was attributed to FDI from Singapore. "In the latest year, Singapore replaced Japan as the fourth-largest inward investor to New Zealand," balance of payments manager Jason Attewell said.
Australia remains the country with the largest direct investment in New Zealand, with stocks valued at $63.3 billion (62 percent of FDI in New Zealand), followed by the United States of America (US) and the United Kingdom (UK).
New Zealand investment abroad driven by portfolio investments
Investments made into Australia and Japan boosted a $10.5 billion increase in New Zealand's overseas portfolio investments (eg, investing through the sharemarket or purchasing bonds). In contrast, New Zealand's outward direct investment fell by $1.7 billion during the March 2013 year.
"Over the last five years, the value of New Zealand's portfolio investment has increased by almost a third, whereas direct investment into overseas subsidiaries still sits at a very similar level," Mr. Attewell said.
Australia also remains the largest destination for New Zealand's total investment abroad, with stocks valued at $48.2 billion (29 percent of total investment abroad), followed by the US and the UK. In the latest year, Japan replaced Germany as our fourth largest outward investment partner.
This information is from the Balance of Payments and International Investment Position: Year ended March 2013 information release, which includes a detailed breakdown of international investment data by country and industry. This release also includes improved historical estimates of investment by country data – previously some data was unallocated to a specific country.