The growing volume of purchases from the likes of Shein and Temu are hitting New Zealand’s import economy hard. 

Stats New Zealand has revised the National Accounts, with imports down $2.5 billion in the June quarter. 

The average value of parcels has dropped sharply, driven by fast fashion and cheap e-commerce.  

Retail NZ CEO Carolyn Young told Mike Hosking a lot more people are looking to buy goods from overseas retailers as opposed to New Zealand. 

She says they’re trying to encourage people to buy from local stores and businesses, as it’s important to try keep the money in our economy as opposed to shipping it off to China. 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

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Stats NZ came out with the latest trade data for New Zealand - and the results show good news for exporters.

Exports were up 9.9 percent in the year to June and imports were up 3.2 percent.

HSBC chief economist Paul Bloxham explained further.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

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Is this a turning point for the wine industry? 

Data shows export volumes are expected to grow 4% to 285 million litres in the year to June 2025. 

Export revenue is also forecast to lift to $2.4 billion by 2029. 

Hawke’s Bay Winegrowers CEO Brent Linn told Mike Hosking Hawke’s Bay is more domestically focused, with production to export only representing 25% of their market. 

He says that they’ve built their pedigree on the premium end of the market, and they have noticed some return to purchases of the Hawke’s Bay brand. 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

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It's no secret that the cost of living has gone a bit crazy these past few years, but insurance seems to be one of the hardest hit.

Insurance prices have increased 900% since 2000 - almost triple the increase of tobacco products. 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

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Chris Bishop has openly called for house prices to fall, saying we need to be channeling more money into the economy rather than having it locked up in housing. 

The Prime Minister says we need modest and consistent increases in property prices, to ensure the economy is growing. 

So what is actually best for New Zealand and the economy? 

CEO of The Property Lifestyle, Nichole Lewis, joins for the OneRoof Radio Show. 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

See omnystudio.com/listener for privacy information.

Overflowing wardrobe? It might be worth more than you think. Aidan Bartlett, CEO of Designer Wardrobe, joins Nadine to talk about the booming second-hand fashion market. From unlocking the $1000 sitting idle in your closet to sellers making tens of thousands, resale is growing five times faster than traditional retail. Aidan reveals the secrets to getting the best price for your clothes, the role of AI in making selling easier and why buying pre-loved is set to overtake fast fashion by the end of the decade. 

If you have a question you want answered, or a financial story to share, get in touch at [email protected]

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

See omnystudio.com/listener for privacy information.

Macquarie Technology Group stores 42% of the Australian Federal Government’s information in its data centres. Its CEO and Founder says that makes them a critical target in this geopolitical environment.

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

See omnystudio.com/listener for privacy information.

Kiwis have racked up more than a billion dollars in green loans for energy efficient items like EVs, solar panels, and heat pumps. 

BNZ, ASB, and ANZ all lend up to $80 thousand on a 1% interest rate over three years. 

Massey University Banking Expert Claire Matthews says these are small loans, meaning the banks are pumping them out, while not actually lending a huge amount. 

She told Mike Hosking customers still have to go through the same process as loans with higher interest rates, and go through affordability checks. 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

See omnystudio.com/listener for privacy information.

Chinese investment in New Zealand is growing, but slowly. 

The New Zealand China Council’s annual report shows China ranks 12th as a source of foreign investment in New Zealand, providing less than 1% of total inflows. 

Investment grew 9% a year between 2014 and 2024, but has flat lined since 2019. 

NZIER Principal Economist Chris Nixon told Ryan Bridge the problem is that investment is a long-term game, so other countries have a greater advantage.  

He says we've been trading with China for the last 20 years so it will take time for the relationship to build.  

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

See omnystudio.com/listener for privacy information.

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina Shrimpton each week as she gives you a rundown of the biggest stories that could impact on your business, so you can make informed decisions with expert advice. 

This week, another day another visa, the government ramps up efforts to attract more foreign investment, our economy is slow, but are we moving faster than our Aussie neighbours? Plus retail sales are up, our insurance costs are skyrocketing, and we preview a great conversation about navigating the purchase of a second home.

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.