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2023
Flag → Flag
Exports $1.1BRnk 66 / 219
2023
Flag → Flag
Top Product $85.1MCars
2023
Flag → Flag
Exports $202MRnk 29 / 206
2023
Flag → Flag
Top Product $72.6MTanned Equine and Bovine Hides
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Italy-New Zealand Trade: In 2023, Italy exported $1.1B to New Zealand. The main products that Italy exported to New Zealand were Cars ($85.1M), Passenger and Cargo Ships ($62.2M), and Packaged Medicaments ($54.4M). Over the past 5 years the exports of Italy to New Zealand have increased at an annualized rate of 4.39%, from $884M in 2018 to $1.1B in 2023.

In 2020, Italy exported services to New Zealand worth $84.6M, with Travel ($51.2M), Other business services ($18.5M), and Royalties and license fees ($8.68M) being the largest in terms of value.

New Zealand-Italy Trade: In 2023, New Zealand exported $202M to Italy. The main products that New Zealand exported to Italy were Tanned Equine and Bovine Hides ($72.6M), Other Fruits ($26.4M), and Wool ($25.4M). Over the past 5 years the exports of New Zealand to Italy have decreased at an annualized rate of 5.36%,  from $266M in 2018 to $202M in 2023.

In 2018, New Zealand exported services to Italy worth $195M, with Travel ($175M), Government services, n.i.e. ($5.52M), and Insurance services ($5.52M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €28.3M and imported €14.2M from New Zealand, resulting in a positive trade balance of €14.1M. Between October 2023 and October 2024 the exports of Italy have increased by €7.69M (37.3%) from €20.6M to €28.3M, while imports increased by €5.04M (54.9%) from €9.18M to €14.2M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€7.69M(37.3%)
IMPORT GROWTH (October 2023 - October 2024)€5.04M(54.9%)

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

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

For full datasets download visit Bulk Download page.

Explore New Zealand and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.1B to New Zealand. The main products exported from Italy to New Zealand were Cars ($85.1M), Passenger and Cargo Ships ($62.2M), and Packaged Medicaments ($54.4M). During the last 5 years the exports of Italy to New Zealand have increased at an annualized rate of 4.39%, from $884M in 2018 to $1.1B in 2023.

In 2018, New Zealand exported $202M to Italy. The main products exported from New Zealand to Italy were Tanned Equine and Bovine Hides ($72.6M), Other Fruits ($26.4M), and Wool ($25.4M). During the last 5 years the exports of New Zealand to Italy have decreased at an annualized rate of 5.36%, from $266M in 2023 to $202M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Italy than New Zealand included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from New Zealand than Italy included Fiji ($433M), Samoa ($112M), and Papua New Guinea ($126M).

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

Comparative Advantage Italy - New Zealand

Flow
Scale

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

During 2023, Italy had a large net trade with New Zealand in the exports of Machines ($353M), Transportation ($221M), and Chemical Products ($110M).

During 2018, New Zealand had a large net trade with Italy in the exports of Animal Hides ($75.3M), Vegetable Products ($29.5M), and Textiles ($27.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy New Zealand+$28.6MCars
Top Product Potential New Zealand Italy+$5.34MRaw Aluminium

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 2020, Italy exported services to New Zealand worth $84.6M, with Travel ($51.2M), Other business services ($18.5M), and Royalties and license fees ($8.68M) being the largest in terms of value.

In 2018, New Zealand exported services to Italy worth $195M, with Travel ($175M), Government services, n.i.e. ($5.52M), and Insurance services ($5.52M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to New Zealand (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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