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2022
Flag → Flag
Exports $694MRnk 76 / 217
2022
Flag → Flag
Top Product $69.5MRefined Petroleum
2022
Flag → Flag
Exports $412MRnk 21 / 210
2022
Flag → Flag
Top Product $61.5MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

India-New Zealand Trade: In 2022, India exported $694M to New Zealand. The main products that India exported to New Zealand were Refined Petroleum ($69.5M), Packaged Medicaments ($60.9M), and Vaccines, blood, antisera, toxins and cultures ($27.7M). Over the past 5 years the exports of India to New Zealand have increased at an annualized rate of 11%, from $412M in 2017 to $694M in 2022.

In 2022, India did not export any services to New Zealand.

New Zealand-India Trade: In 2022, New Zealand exported $412M to India. The main products that New Zealand exported to India were Coal Briquettes ($61.5M), Mechanical Wood Pulp ($60.3M), and Wool ($40.2M). Over the past 5 years the exports of New Zealand to India have decreased at an annualized rate of 1.71%,  from $581M in 2017 to $412M in 2022.

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 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $62M and imported $61.7M from New Zealand, resulting in a positive trade balance of $312k. Between August 2023 and August 2024 the exports of India have decreased by $-7.02M (-10.2%) from $69M to $62M, while imports increased by $27.1M (78.4%) from $34.6M to $61.7M.

Trade In August 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 August 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 August 2024, the decrease in India's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-1.54M or -44.5%), Aluminium, Products Of Aluminm ($-1.34M or -81.7%), and Paper, Paper Board And Product ($-1.04M or -73.1%). In August 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 (August 2023 - August 2024)$-7.02M(-10.2%)
IMPORT GROWTH (August 2023 - August 2024)$27.1M(78.4%)

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 2022, India exported $694M to New Zealand. The main products exported from India to New Zealand were Refined Petroleum ($69.5M), Packaged Medicaments ($60.9M), and Vaccines, blood, antisera, toxins and cultures ($27.7M). During the last 5 years the exports of India to New Zealand have increased at an annualized rate of 11%, from $412M in 2017 to $694M in 2022.

In 2017, New Zealand exported $412M to India. The main products exported from New Zealand to India were Coal Briquettes ($61.5M), Mechanical Wood Pulp ($60.3M), and Wool ($40.2M). During the last 5 years the exports of New Zealand to India have decreased at an annualized rate of 1.71%, from $581M in 2022 to $412M in 2017.

Exports from India (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
New Zealand
Top DestinationChina$13.1B

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 2022, countries that imported more from India than New Zealand included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from New Zealand than India included Fiji ($380M), French Polynesia ($127M), and Cook Islands ($85.2M).

Difference in imports from New Zealand (Flag) and India (Flag) (2022)

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 2022, India had a large net trade with New Zealand in the exports of Chemical Products ($132M), Textiles ($121M), and Machines ($83M).

During 2017, New Zealand had a large net trade with India in the exports of Paper Goods ($97.7M), Mineral Products ($63.6M), and Metals ($54.4M).

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) (2022)

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