Flag South Korea / New Zealand Flag

2021
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Exports
: $2.1B, Rnk 36 / 218

2021
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Top Product
: $882M, Refined Petroleum

2021
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Exports
: $2.06B, Rnk 5 / 213

2021
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Top Product
: $308M, Rough Wood

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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Economic Complexity (ECI)
: ECI 0.46, Rnk 46 / 131

2021
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GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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 GDP
: $250B, CURRENT US$
Rnk 46 / 182

2011-2021
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GDP GROWTH
: 48.5%, CURRENT US$
Rnk 52 / 182

2021
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GDP PC 
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

2021
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GDP PC
: $48,802, CURRENT US$
Rnk 21 / 182

2011-2021
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GDP PC GROWTH
: 27.1%, CURRENT US$
Rnk 62 / 182

South Korea-New Zealand In 2021, South Korea exported $2.1B to New Zealand. The main products that South Korea exported to New Zealand are Refined Petroleum ($882M), Cars ($368M), and Coated Flat-Rolled Iron ($72.5M). During the last 26 years the exports of South Korea to New Zealand have increased at an annualized rate of 8.61%, from $245M in 1995 to $2.1B in 2021.

In 2005, South Korea exported services to New Zealand worth $108M, with Transportation ($57.1M), Travel ($26.3M), and Other business services ($17.4M) being the largest in terms of value.

New Zealand-South Korea In 2021, New Zealand exported $2.06B to South Korea. The main products that New Zealand exported to South Korea were Rough Wood ($308M), Raw Aluminium ($299M), and Other Fruits ($163M). During the last 26 years the exports of New Zealand to South Korea have increased at an annualized rate of 3.83%, from $777M in 1995 to $2.06B in 2021.

In 2018, New Zealand exported services to South Korea worth $1.56B, with Travel ($1.44B), Transportation ($74.6M), and Government services, n.i.e. ($16.6M) being the largest in terms of value.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, New Zealand ranked 46 in the Economic Complexity Index (ECI 0.46), and 49 in total exports ($68.4B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, South Korea exported $2.1B to New Zealand. The main products exported from South Korea to New Zealand were Refined Petroleum ($882M), Cars ($368M), and Coated Flat-Rolled Iron ($72.5M). During the last 26 years the exports of South Korea to New Zealand have increased at an annualized rate of 8.61%, from $245M in 1995 to $2.1B in 2021.

In 2021, New Zealand exported $2.06B to South Korea. The main products exported from New Zealand to South Korea were Rough Wood ($308M), Raw Aluminium ($299M), and Other Fruits ($163M). During the last 26 years the exports of New Zealand to South Korea have increased at an annualized rate of 3.83%, from $777M in 1995 to $2.06B in 2021.

Market Competitiveness

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Color

South Korea
Top Destination
: China, $158B

New Zealand
Top Destination
: China, $22.5B

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

In 2021, countries that imported more from South Korea than New Zealand were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2021, countries that imported more from New Zealand than South Korea were Fiji ($444M), French Polynesia ($205M), and New Caledonia ($156M).

Comparative Advantage South Korea - New Zealand

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Flow
Scale

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

During 2021, South Korea had a large net trade with New Zealand in the exports of Mineral Products ($890M), Transportation ($417M), and Metals ($253M).

During 2021, New Zealand had a large net trade with South Korea in the exports of Animal Products ($520M), Metals ($359M), and Wood Products ($346M).

Bilateral Service Trade

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In 2005, South Korea exported services to New Zealand worth $108M, with Transportation ($57.1M), Travel ($26.3M), and Other business services ($17.4M) being the largest in terms of value.

In 2018, New Zealand exported services to South Korea worth $1.56B, with Travel ($1.44B), Transportation ($74.6M), and Government services, n.i.e. ($16.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 South Korea has comparative advantage over New Zealand. Similarly, the more yellow a dot/product is, the more New Zealand has comparative advantage over South Korea.