India (IND) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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India-New Zealand In 2022, India exported $694M to New Zealand. The main products that India exported to New Zealand are Refined Petroleum ($69.5M), Packaged Medicaments ($60.9M), and Vaccines, blood, antisera, toxins and cultures ($27.7M). During the last 27 years the exports of India to New Zealand have increased at an annualized rate of 8.2%, from $82.6M in 1995 to $694M in 2022.

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

New Zealand-India 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). During the last 27 years the exports of New Zealand to India have increased at an annualized rate of 5.19%, from $105M in 1995 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 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, New Zealand ranked 44 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $33.5M and imported $26.3M from New Zealand, resulting in a positive trade balance of $7.24M. Between January 2023 and January 2024 the exports of India have increased by $1.26M (3.9%) from $32.2M to $33.5M, while imports decreased by $-28.8M (-52.3%) from $55.1M to $26.3M.

Trade In January 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 January 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 January 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 ($577k or 945%). In January 2024, the decrease in India's year-by-year imports from New Zealand was explained primarily by an decrease in product imports in Drug Formulations, Biologicals ($-468k or -70.8%), Medical And Scientific Instrum ($-436k or -41%), and Plywood And Allied Products ($-227k or -31%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$1.26M(3.9%)

IMPORT GROWTH (January 2023 - January 2024)$-28.8M(-52.3%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of India to New Zealand have increased at an annualized rate of 8.2%, from $82.6M in 1995 to $694M in 2022.

In 2022, 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 27 years the exports of New Zealand to India have increased at an annualized rate of 5.19%, from $105M in 1995 to $412M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from India than New Zealand were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from New Zealand than India were Fiji ($380M), French Polynesia ($127M), and Cook Islands ($85.2M).

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

Comparative Advantage India - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, 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).

Service Trade

Bilateral Service Trade

Nzl Year

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 () to India () (2018)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over New Zealand. Similarly, the more yellow a dot/product is, the more New Zealand has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - New Zealand

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

Product Space of India () and New Zealand () (2022)

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