Technology is now New Zealand’s third-largest export – 2016 TIN100

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Technology is now only behind dairy and tourism with exports of $6.87b.

The 2016 TIN100 was released last night and Tech companies’ revenue increased by 12 per cent in the year to June.

The sector, which includes high-tech manufacturing, ICT and biotechnology, reached combined annual revenue of $9.4b up $1b on the previous year.

“The collective export revenues of the 200 largest tech companies are up by 13.5 per cent from last year to nearly $7 billion, while the total number of employees has increased by 7.9 per cent in the past year with nearly 3,000 new jobs created.

These 200 companies now employ almost 40,000 people.”

New Zealand’s technology sector is set to crack $10 billion in revenue next year according to TIN managing director Greg Shanahan, who said 2016 had been the best year he had seen in the industry.

Watch for updates on this site of companies focusing on Smart City and IoT applications.

Star performers in 2015 included businesses like Xero, Fisher&Paykel Healthcare, and Wynyard Group .

2016’s big movers will be updated later this week.

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