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Auckland has an important role as New Zealand's main connection point for international and domestic markets. We need to use this role to increase exports.
Exporting specialised, distinctive, high-value products at scale will have the greatest impact on Auckland’s prosperity.
Opportunities available in Auckland due to its scale, facilities and diverse population include:
Auckland however still has a primarily inwardly-focused economy driven by consumption, real estate, and domestically-focused services.
The image below shows the top five New Zealand export markets in 2017.
We need to move into creating and exporting a wide range of sustainably developed products, and more knowledge-intensive goods and services based on innovation and productivity growth.
Focusing on a broader mix of exports will mean a wider spread of innovation opportunities, and will require a wider range of skills.
There are a number of emerging and evolving economic sectors including:
Encouraging these new sectors will increase the resilience of Auckland's economy and also make New Zealand less vulnerable to fluctuations in commodity prices.
We also need to ensure the ongoing sustainable growth of sectors that are already internationally competitive, as described on the Tripartite Economic Alliance page.