Japan (JPN) and New Zealand (NZL) Trade

2023

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Exports $3.39BRnk 31 / 211

2023

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About

Japan-New Zealand Trade: In 2023, Japan exported $3.39B to New Zealand. The main products that Japan exported to New Zealand were Cars ($1.64B), Refined Petroleum ($479M), and Delivery Trucks ($262M). Over the past 5 years the exports of Japan to New Zealand have increased at an annualized rate of 2.53%, from $2.99B in 2018 to $3.39B in 2023.

In 2009, Japan exported services to New Zealand worth $529M, with Services not allocated ($262M), Other business services ($106M), and Transportation ($68.9M) being the largest in terms of value.

New Zealand-Japan Trade: In 2023, New Zealand exported $2.62B to Japan. The main products that New Zealand exported to Japan were Raw Aluminium ($355M), Other Fruits ($316M), and Cheese ($315M). Over the past 5 years the exports of New Zealand to Japan have increased at an annualized rate of 0.23%, from $2.59B in 2018 to $2.62B in 2023.

In 2018, New Zealand exported services to Japan worth $2.47B, with Travel ($1.72B), Transportation ($548M), and Other business services ($162M) being the largest in terms of value.

Comparison: In 2023, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥38.6B and imported ¥24.7B from New Zealand, resulting in a positive trade balance of ¥13.9B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-7.13B (-15.6%) from ¥45.7B to ¥38.6B, while imports decreased by ¥-971M (-3.78%) from ¥25.7B to ¥24.7B.

Trade In November 2024, the top exports of Japan to New Zealand were Cars (¥9.06B), Refined Petroleum (¥4.8B), Delivery Trucks (¥1.66B), Commodities not elsewhere specified (¥1.53B), and Large Construction Vehicles (¥795M). In November 2024 the top imports of Japan from New Zealand were Raw Aluminium (¥5.35B), Cheese (¥2.81B), Casein (¥2.35B), Wood Fiberboard (¥1.93B), and Peptones (¥1.28B).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥18B), Kanagawa (¥7.53B), Chiba (¥3.26B), Osaka (¥2.51B), and Yamaguchi (¥2.08B), while imports destinations were mainly Kanagawa (¥5.7B), Tokyo (¥5.64B), Hyōgo (¥3.37B), Osaka (¥2.51B), and Aichi (¥2.3B).

Growth In November 2024, the decrease in Japan's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Delivery Trucks (¥-1.51B or -47.6%), Refined Petroleum (¥-1.34B or -21.8%), and Cars (¥-1.23B or -12%). In November 2024, the decrease in Japan's year-by-year imports from New Zealand was explained primarily by an decrease in product imports in Carboxylic Acids (¥-385M or -99.7%), Other Vegetables (¥-294M or -59.2%), and Rough Wood (¥-229M or -37.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)¥-7.13B(-15.6%)

IMPORT GROWTH (November 2023 - November 2024)¥-971M(-3.78%)

MAIN EXPORTER (November 2024)Aichi¥18B

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

To check New Zealand and Japan 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 2023, Japan exported $3.39B to New Zealand. The main products exported from Japan to New Zealand were Cars ($1.64B), Refined Petroleum ($479M), and Delivery Trucks ($262M). During the last 5 years the exports of Japan to New Zealand have increased at an annualized rate of 2.53%, from $2.99B in 2018 to $3.39B in 2023.

In 2018, New Zealand exported $2.62B to Japan. The main products exported from New Zealand to Japan were Raw Aluminium ($355M), Other Fruits ($316M), and Cheese ($315M). During the last 5 years the exports of New Zealand to Japan have increased at an annualized rate of 0.23%, from $2.59B in 2023 to $2.62B in 2018.

Exports from Japan () to New Zealand () (2023)

Exports from New Zealand () to Japan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Japan
Top DestinationUnited States$143B

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Japan than New Zealand included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from New Zealand than Japan included Algeria ($599M), Fiji ($433M), and Samoa ($112M).

Difference in imports from New Zealand () and Japan () (2023)

Comparative Advantage Japan - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Japan had a large net trade with New Zealand in the exports of Transportation ($2.03B), Mineral Products ($513M), and Machines ($504M).

During 2018, New Zealand had a large net trade with Japan in the exports of Animal Products ($794M), Vegetable Products ($414M), and Metals ($376M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Japan New Zealand+$22.1MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential New Zealand Japan+$22.7MCoal 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

Nzl Year

Jpn Year

In 2009, Japan exported services to New Zealand worth $529M, with Services not allocated ($262M), Other business services ($106M), and Transportation ($68.9M) being the largest in terms of value.

In 2018, New Zealand exported services to Japan worth $2.47B, with Travel ($1.72B), Transportation ($548M), and Other business services ($162M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan () to New Zealand () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Japan () and New Zealand () (2023)

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