Canada (CAN) and New Zealand (NZL) Trade

2023

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Exports $468MRnk 43 / 215

2023

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About

Canada-New Zealand Trade: In 2023, Canada exported $468M to New Zealand. The main products that Canada exported to New Zealand were Potassic Fertilizers ($76.1M), Planes, Helicopters, and/or Spacecraft ($28.3M), and Gas Turbines ($23M). Over the past 5 years the exports of Canada to New Zealand have decreased at an annualized rate of 1.68%, from $510M in 2018 to $468M in 2023.

In 2020, Canada exported services to New Zealand worth $69.3M, with Transportation ($31.3M), Travel ($17.1M), and Computer and information services ($5.97M) being the largest in terms of value.

New Zealand-Canada Trade: In 2023, New Zealand exported $731M to Canada. The main products that New Zealand exported to Canada were Wine ($94.9M), Butter ($93.1M), and Frozen Bovine Meat ($82.9M). Over the past 5 years the exports of New Zealand to Canada have increased at an annualized rate of 4.53%, from $586M in 2018 to $731M in 2023.

In 2018, New Zealand exported services to Canada worth $1.1B, with Travel ($726M), Transportation ($276M), and Other business services ($42.8M) being the largest in terms of value.

Comparison: In 2023, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$48.6M and imported C$83.3M from New Zealand, resulting in a negative trade balance of C$34.7M. Between November 2023 and November 2024 the exports of Canada have increased by C$21.6M (79.7%) from C$27M to C$48.6M, while imports decreased by C$-4.62M (-5.26%) from C$87.9M to C$83.3M.

Trade In November 2024, the top exports of Canada to New Zealand were Sawn Wood (C$3.86M), Animal Food (C$2.36M), Pig Meat (C$1.68M), Other Agricultural Machinery (C$1.59M), and Iron Wire (C$1.16M). In November 2024 the top imports of Canada from New Zealand were Wine (C$15M), Butter (C$12.9M), Sheep and Goat Meat (C$10.4M), Frozen Bovine Meat (C$6.47M), and Other Agricultural Machinery (C$3.39M).

Origins In November 2024 the exports of Canada were mainly from Quebec (C$32.2M), Ontario (C$6.88M), British Columbia (C$5.55M), Alberta (C$2.8M), and Manitoba (C$845k), while imports destinations were mainly Ontario (C$49.7M), British Columbia (C$17.3M), Quebec (C$13.6M), Alberta (C$1.66M), and Nova Scotia (C$574k).

Growth In November 2024, the increase in Canada's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Pig Meat (C$1.36M or 434%), Other Agricultural Machinery (C$919k or 137%), and Iron Wire (C$817k or 238%). In November 2024, the decrease in Canada's year-by-year imports from New Zealand was explained primarily by an decrease in product imports in Lifting Machinery (C$-5.19M or -69.3%), Water Soluble Proteins (C$-778k or -63.4%), and Gaskets (C$-527k or -98.1%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)C$21.6M(79.7%)

IMPORT GROWTH (November 2023 - November 2024)C$-4.62M(-5.26%)

MAIN EXPORTER (November 2024)QuebecC$32.2M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check New Zealand and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Canada exported $468M to New Zealand. The main products exported from Canada to New Zealand were Potassic Fertilizers ($76.1M), Planes, Helicopters, and/or Spacecraft ($28.3M), and Gas Turbines ($23M). During the last 5 years the exports of Canada to New Zealand have decreased at an annualized rate of 1.68%, from $510M in 2018 to $468M in 2023.

In 2018, New Zealand exported $731M to Canada. The main products exported from New Zealand to Canada were Wine ($94.9M), Butter ($93.1M), and Frozen Bovine Meat ($82.9M). During the last 5 years the exports of New Zealand to Canada have increased at an annualized rate of 4.53%, from $586M in 2023 to $731M in 2018.

Exports from Canada () to New Zealand () (2023)

Exports from New Zealand () to Canada () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$410B

New Zealand
Top DestinationChina$12.3B

This map shows whether countries import more from Canada or New Zealand. Each country is colored based on the difference in imports they receive from Canada and New Zealand or the difference in the growth in imports.

In 2023, countries that imported more from Canada than New Zealand included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from New Zealand than Canada included Australia ($5.2B), Fiji ($433M), and Sri Lanka ($252M).

Difference in imports from New Zealand () and Canada () (2023)

Comparative Advantage Canada - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Canada and New Zealand by product, considering products traded by both, Canada and New Zealand.

During 2023, Canada had a large net trade with New Zealand in the exports of Machines ($107M), Chemical Products ($100M), and Transportation ($61.4M).

During 2018, New Zealand had a large net trade with Canada in the exports of Animal Products ($330M), Foodstuffs ($138M), and Machines ($78.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada New Zealand+$12.1MPackaged Medicaments

Top Product Potential New Zealand Canada+$8.19MOther Fruits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Nzl Year

Can Year

In 2020, Canada exported services to New Zealand worth $69.3M, with Transportation ($31.3M), Travel ($17.1M), and Computer and information services ($5.97M) being the largest in terms of value.

In 2018, New Zealand exported services to Canada worth $1.1B, with Travel ($726M), Transportation ($276M), and Other business services ($42.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to New Zealand () (2020)

Services Exports from New Zealand () to Canada () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Canada and New Zealand. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Canada.

Product Space of Canada () and New Zealand () (2023)

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