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. 

LISTEN ABOVE  

The growing volume of purchases from the likes of Shein and Temu are hitting New Zealand’s import economy hard.&nbsp;
Stats New Zealand has revised the National Accounts, with imports down $2.5 billion in the June quarter.&nbsp;
The average value of parcels has dropped sharply, driven by fast fashion and cheap e-commerce. &nbsp;
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.&nbsp;
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.&nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Carolyn Young: Retail NZ CEO on the impact of Temu on the value of New Zealand's imports

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a33514e9-2dfd-4c4b-b12f-b34c01662bd5/transcript