Flag China / New Zealand Flag

Exports Flag β†’ Flag  (2018): $7.42B, Rnk 46 / 206

Top Product Flag β†’ Flag (2018): $540M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $9.75B, Rnk 1 / 206

Top Product Flag β†’ Flag (2018): $1.92B, Rough Wood

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI 0.46, Rnk 49 / 137

China-New Zealand: In 2018, China exported $7.42B to New Zealand. The main products exported from China to New Zealand were Broadcasting Equipment ($540M), Computers ($458M), and Other Furniture ($167M). During the last 23 years the exports of China to New Zealand have increased at an annualized rate of 12.5%, from $494M in 1995 to $7.42B in 2018.

New Zealand-China: In 2018, New Zealand exported $9.75B to China. The main products exported from New Zealand to China were Rough Wood ($1.92B), Concentrated Milk ($1.84B), and Sheep and Goat Meat ($803M). During the last 23 years the exports of New Zealand to China have increased at an annualized rate of 15.1%, from $385M in 1995 to $9.75B in 2018. In 2018, New Zealand exported services to China worth $8.99B, with Travel ($8.04B), Transportation ($608M), and Other business services ($137M) being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, New Zealand ranked 49 in the Economic Complexity Index (ECI 0.46), and 58 in total exports ($40.1B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $7.42B to New Zealand. The main products exported from China to New Zealand were Broadcasting Equipment ($540M), Computers ($458M), and Other Furniture ($167M). During the last 23 years the exports of China to New Zealand have increased at an annualized rate of 12.5%, from $494M in 1995 to $7.42B in 2018.

In 2018, New Zealand exported $9.75B to China. The main products exported from New Zealand to China were Rough Wood ($1.92B), Concentrated Milk ($1.84B), and Sheep and Goat Meat ($803M). During the last 23 years the exports of New Zealand to China have increased at an annualized rate of 15.1%, from $385M in 1995 to $9.75B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

New Zealand
Top Destination
: China, $9.75B

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

In 2018, countries that imported more from China than New Zealand were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from New Zealand than China were Cook Islands ($53.5M), French Polynesia ($111M), and Samoa ($89.1M).

Comparative Advantage China - New Zealand

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Depth

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

During 2018, China had a large net trade with New Zealand in the exports of Machines ($2.5B), Textiles ($1B), and Miscellaneous ($786M).

During 2018, New Zealand had a large net trade with China in the exports of Animal Products ($4.98B), Wood Products ($2.04B), and Chemical Products ($744M).

Tariff Section

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This sections shows import tariffs for products traded between China and New Zealand (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter New Zealand were Cereal pellets (37.5%) and Maize (corn), hulled, pearled, sliced or kibbled (37.5%).

In 2017, the products from New Zealand that paid the highest import tariffs to enter China were Horses: live, pure-bred breeding animals (0%) and Horses: live, other than pure-bred breeding animals (0%).

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*The tariffs present between China and New Zealand are:
125: General duty rate
136: Most Favoured Nation duty rate treatement
277: Preferential tariff for New Zealand

Trade Forecasts

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This section shows a forecast for total trade between China and New Zealand. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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In 2018, New Zealand exported services to China worth $8.99B, with Travel ($8.04B), Transportation ($608M), and Other business services ($137M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over New Zealand. Similarly, the more red a dot/product is, the more New Zealand has comparative advantage over China.