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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).

Historical Data

Bilateral Trade by Products

Depth
Value

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 (Flag) to New Zealand (Flag) (2022)

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

Market Competitiveness

Color
United Kingdom
Top Destination
United States$61.8B
New Zealand
Top Destination
China$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 (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - New Zealand

Flow
Scale

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

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom New Zealand+$28.2MCars
Top Product Potential New Zealand United Kingdom+N/AN/A

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

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 (Flag) to New Zealand (Flag) (2019)

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

Service Trade

Economic Complexity

Competitive Landscape

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 (Flag) and New Zealand (Flag) (2022)

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