United Kingdom (GBR) and New Zealand (NZL) Trade

2022

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Exports $1.16BRnk 47 / 224

2022

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About

United Kingdom-New Zealand Trade: In 2022, United Kingdom exported $1.16B to New Zealand. The main products that United Kingdom exported to New Zealand were Cars ($223M), Gas Turbines ($108M), and Trailers and semi-trailers, not mechanically propelled vehicles ($64.1M). Over the past 5 years the exports of United Kingdom to New Zealand have increased at an annualized rate of 0.15%, from $1.15B in 2017 to $1.16B in 2022.

In 2019, United Kingdom exported services to New Zealand worth $941M, with Travel ($528M), Insurance services ($182M), and Other business services ($85.4M) being the largest in terms of value.

New Zealand-United Kingdom Trade: In 2022, New Zealand exported $953M to United Kingdom. The main products that New Zealand exported to United Kingdom were Wine ($298M), Sheep and Goat Meat ($262M), and Honey ($25M). Over the past 5 years the exports of New Zealand to United Kingdom have decreased at an annualized rate of 2.07%, from $1.06B in 2017 to $953M in 2022.

In 2018, New Zealand exported services to United Kingdom worth $3.93B, with Travel ($2.78B), Other business services ($407M), and Transportation ($381M) being the largest in terms of value.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £115M and imported £77M from New Zealand, resulting in a positive trade balance of £38.2M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £24.4M (26.9%) from £90.8M to £115M, while imports increased by £8.76M (12.8%) from £68.2M to £77M.

Trade In August 2024, the top exports of United Kingdom to New Zealand were Cars (£20.5M), Horses (£3.61M), Packaged Medicaments (£1.78M), Trailers and semi-trailers, not mechanically propelled... (£1.66M), and Gas Turbines (£1.51M). In August 2024 the top imports of United Kingdom from New Zealand were Wine (£20.4M), Sheep and Goat Meat (£4.47M), Honey (£2.83M), Therapeutic Appliances (£1.56M), and Dairy Machinery (£1.04M).

Origins In August 2024 the exports of United Kingdom were mainly from Immingham (£44.8M), Harwich (£22.4M), Felixstowe (£15.1M), London Heathrow Airport (£10.4M), and Southampton (£7.06M), while imports destinations were mainly London Gateway (£27.2M), Felixstowe (£20.1M), Southampton (£9.3M), and London Heathrow Airport (£5.35M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Cars (£1.69M or 9.03%), Newspapers (£731k or 185%), and Other Heating Machinery (£689k or 327%). In August 2024, the increase in United Kingdom's year-by-year imports from New Zealand was explained primarily by an increase in product imports in Wine (£3.3M or 19.3%), Honey (£1.41M or 98.7%), and Dairy Machinery (£867k or 491%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)£24.4M(26.9%)

IMPORT GROWTH (August 2023 - August 2024)£8.76M(12.8%)

MAIN EXPORTER (August 2024)Immingham£44.8M

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

To check New Zealand and United Kingdom 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 2022, United Kingdom exported $1.16B to New Zealand. The main products exported from United Kingdom to New Zealand were Cars ($223M), Gas Turbines ($108M), and Trailers and semi-trailers, not mechanically propelled vehicles ($64.1M). During the last 5 years the exports of United Kingdom to New Zealand have increased at an annualized rate of 0.15%, from $1.15B in 2017 to $1.16B in 2022.

In 2017, New Zealand exported $953M to United Kingdom. The main products exported from New Zealand to United Kingdom were Wine ($298M), Sheep and Goat Meat ($262M), and Honey ($25M). During the last 5 years the exports of New Zealand to United Kingdom have decreased at an annualized rate of 2.07%, from $1.06B in 2022 to $953M in 2017.

Exports from United Kingdom () to New Zealand () (2022)

Exports from New Zealand () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from United Kingdom than New Zealand included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from New Zealand than United Kingdom included Indonesia ($1.33B), Fiji ($380M), and Algeria ($517M).

Difference in imports from New Zealand () and United Kingdom () (2022)

Comparative Advantage United Kingdom - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with New Zealand in the exports of Transportation ($400M), Machines ($307M), and Chemical Products ($101M).

During 2017, New Zealand had a large net trade with United Kingdom in the exports of Animal Products ($330M), Foodstuffs ($314M), and Machines ($83.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom New Zealand+$28.2MCars

Top Product Potential New Zealand United Kingdom+$6.71MVaccines, blood, antisera, toxins and cultures

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

Gbr Year

In 2019, United Kingdom exported services to New Zealand worth $941M, with Travel ($528M), Insurance services ($182M), and Other business services ($85.4M) being the largest in terms of value.

In 2018, New Zealand exported services to United Kingdom worth $3.93B, with Travel ($2.78B), Other business services ($407M), and Transportation ($381M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to New Zealand () (2019)

Services Exports from New Zealand () to United Kingdom () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United Kingdom and New Zealand. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom () and New Zealand () (2022)

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