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2023
Flag → Flag
Exports $682MRnk 81 / 220
2023
Flag → Flag
Top Product $70.7MPackaged Medicaments
2023
Flag → Flag
Exports $369MRnk 22 / 206
2023
Flag → Flag
Top Product $64.9MWool
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
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GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$48,281CURRENT US$
Rnk 28 / 196
2013-2023
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GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

India-New Zealand Trade: In 2023, India exported $682M to New Zealand. The main products that India exported to New Zealand were Packaged Medicaments ($70.7M), Refined Petroleum ($35.2M), and House Linens ($32.2M). Over the past 5 years the exports of India to New Zealand have increased at an annualized rate of 5%, from $534M in 2018 to $682M in 2023.

In 2023, India did not export any services to New Zealand.

New Zealand-India Trade: In 2023, New Zealand exported $369M to India. The main products that New Zealand exported to India were Wool ($64.9M), Scrap Iron ($44.2M), and Scrap Aluminium ($37.5M). Over the past 5 years the exports of New Zealand to India have decreased at an annualized rate of 11.9%,  from $693M in 2018 to $369M in 2023.

In 2018, New Zealand exported services to India worth $3.46B, with Travel ($3.34B), Transportation ($47M), and Government services, n.i.e. ($39.4M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $113M and imported $52.3M from New Zealand, resulting in a positive trade balance of $61.1M. Between November 2023 and November 2024 the exports of India have increased by $76.6M (208%) from $36.8M to $113M, while imports increased by $26.3M (101%) from $26M to $52.3M.

Trade In November 2024, the top exports of India to New Zealand were Cotton Fabrics, Madeups Etc. ($2.68M), Rmg Cotton Incl Accessories ($2.15M), Marine Products ($1.97M), Drug Formulations, Biologicals ($1.92M), and Motor Vehicle/Cars ($1.48M). In November 2024 the top imports of India from New Zealand were Coal,Coke And Briquittes Etc ($20M), Pulp And Waste Paper ($16.5M), Wool, Raw ($4.66M), Aluminium, Products Of Aluminm ($2.42M), and Iron And Steel ($2.27M).

Growth In November 2024, the increase in India's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Motor Vehicle/Cars ($1.1M or 296%), Marine Products ($1M or 104%), and Telecom Instruments ($577k or 945%). In November 2024, the increase in India's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Pulp And Waste Paper ($13.3M or 414%), Wool, Raw ($1.98M or 73.9%), and Iron And Steel ($1.31M or 137%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$76.6M(208%)
IMPORT GROWTH (November 2023 - November 2024)$26.3M(101%)

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

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

For full datasets download visit Bulk Download page.

Explore New Zealand and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $682M to New Zealand. The main products exported from India to New Zealand were Packaged Medicaments ($70.7M), Refined Petroleum ($35.2M), and House Linens ($32.2M). During the last 5 years the exports of India to New Zealand have increased at an annualized rate of 5%, from $534M in 2018 to $682M in 2023.

In 2018, New Zealand exported $369M to India. The main products exported from New Zealand to India were Wool ($64.9M), Scrap Iron ($44.2M), and Scrap Aluminium ($37.5M). During the last 5 years the exports of New Zealand to India have decreased at an annualized rate of 11.9%, from $693M in 2023 to $369M in 2018.

Exports from India (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from India than New Zealand included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, countries that imported more from New Zealand than India included Fiji ($433M), Samoa ($112M), and Cook Islands ($93.7M).

Difference in imports from New Zealand (Flag) and India (Flag) (2023)

Comparative Advantage India - New Zealand

Flow
Scale

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

During 2023, India had a large net trade with New Zealand in the exports of Textiles ($128M), Chemical Products ($120M), and Machines ($91.4M).

During 2018, New Zealand had a large net trade with India in the exports of Metals ($87.8M), Textiles ($65.6M), and Paper Goods ($50.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India New Zealand+$117MRefined Petroleum
Top Product Potential New Zealand India+$42.3MCoal Briquettes

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 2018, New Zealand exported services to India worth $3.46B, with Travel ($3.34B), Transportation ($47M), and Government services, n.i.e. ($39.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to India (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and New Zealand (Flag) (2023)

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