News Summary: China now New Zealand's top market
News Summary: China's demand for milk makes it New Zealand's top export market for first time
MILK POWERED: China's thirst for quality milk has made it New Zealand's top export market for the first time. Neighboring Australia had long been New Zealand's biggest market.
BIG JUMP: Figures released Friday by Statistics New Zealand show that in the first quarter of 2013, exports to China were up 32 percent from a year earlier to 2.3 billion New Zealand dollars ($2 billion). Meanwhile, exports to Australia were down 7 percent to NZ$2.2 billion.
FREE TRADE: New Zealand's exports to China have more than tripled since 2008, when the two countries signed a free trade agreement, the first such agreement China signed with a developed nation.
