Flag Hong Kong / New Zealand Flag

Exports Flag β†’ Flag  (2018): $159M, Rnk 53 / 192

Top Product Flag β†’ Flag (2018): $82.6M, Gas Turbines

Exports Flag β†’ Flag (2018): $831M, Rnk 9 / 206

Top Product Flag β†’ Flag (2018): $187M, Malt Extract

Economic Complexity of Flag (2018): ECI 0.89, Rnk 32 / 137

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

Hong Kong-New Zealand: In 2018, Hong Kong exported $159M to New Zealand. The main products exported from Hong Kong to New Zealand were Gas Turbines ($82.6M), Broadcasting Equipment ($5.63M), and Jewellery ($4.47M). During the last 23 years the exports of Hong Kong to New Zealand have decreased at an annualized rate of 0.35%, from $172M in 1995 to $159M in 2018.

New Zealand-Hong Kong: In 2018, New Zealand exported $831M to Hong Kong. The main products exported from New Zealand to Hong Kong were Malt Extract ($187M), Gas Turbines ($77.8M), and Concentrated Milk ($51.8M). During the last 23 years the exports of New Zealand to Hong Kong have increased at an annualized rate of 2.71%, from $449M in 1995 to $831M in 2018. In 2018, New Zealand exported services to Hong Kong worth $1.32B, with Travel ($1.01B), Transportation ($203M), and Other business services ($62.8M) being the largest in terms of value.

Comparison: In 2018, Hong Kong ranked 32 in the Economic Complexity Index (ECI 0.89), and 34 in total exports ($127B). 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

#permalink to section
Depth
Value

In 2018, Hong Kong exported $159M to New Zealand. The main products exported from Hong Kong to New Zealand were Gas Turbines ($82.6M), Broadcasting Equipment ($5.63M), and Jewellery ($4.47M). During the last 23 years the exports of Hong Kong to New Zealand have decreased at an annualized rate of 0.35%, from $172M in 1995 to $159M in 2018.

In 2018, New Zealand exported $831M to Hong Kong. The main products exported from New Zealand to Hong Kong were Malt Extract ($187M), Gas Turbines ($77.8M), and Concentrated Milk ($51.8M). During the last 23 years the exports of New Zealand to Hong Kong have increased at an annualized rate of 2.71%, from $449M in 1995 to $831M in 2018.

Market Competitiveness

#permalink to section
Measure

Hong Kong
Top Destination
: China, $25.3B

New Zealand
Top Destination
: China, $9.75B

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

In 2018, countries that imported more from Hong Kong than New Zealand were China ($25.3B), India ($16B), and Vietnam ($10.5B).

In 2018, countries that imported more from New Zealand than Hong Kong were Australia ($6.17B), Japan ($2.43B), and Fiji ($371M).

Comparative Advantage Hong Kong - New Zealand

#permalink to section
Depth

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

During 2018, Hong Kong had a large net trade with New Zealand in the exports of Machines ($108M), Textiles ($6.94M), and Metals ($5.55M).

During 2018, New Zealand had a large net trade with Hong Kong in the exports of Foodstuffs ($269M), Animal Products ($255M), and Machines ($111M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Hong Kong 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.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2018, New Zealand exported services to Hong Kong worth $1.32B, with Travel ($1.01B), Transportation ($203M), and Other business services ($62.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Hong Kong has comparative advantage over New Zealand. Similarly, the more red a dot/product is, the more New Zealand has comparative advantage over Hong Kong.