2022
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GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
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GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186

About

South Korea-New Zealand Trade: In 2022, South Korea exported $1.38B to New Zealand. The main products that South Korea exported to New Zealand were Refined Petroleum ($2.11B), Cars ($421M), and Coated Flat-Rolled Iron ($87.7M). Over the past 5 years the exports of South Korea to New Zealand have increased at an annualized rate of 41.6%, from $242M in 2017 to $1.38B in 2022.

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 Trade: In 2022, New Zealand exported $1.13B to South Korea. The main products that New Zealand exported to South Korea were Rough Wood ($216M), Raw Aluminium ($213M), and Other Fruits ($145M). Over the past 5 years the exports of New Zealand to South Korea have increased at an annualized rate of 7.83%,  from $778M in 2017 to $1.13B in 2022.

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 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.38B to New Zealand. The main products exported from South Korea to New Zealand were Refined Petroleum ($2.11B), Cars ($421M), and Coated Flat-Rolled Iron ($87.7M). During the last 5 years the exports of South Korea to New Zealand have increased at an annualized rate of 41.6%, from $242M in 2017 to $1.38B in 2022.

In 2017, New Zealand exported $1.13B to South Korea. The main products exported from New Zealand to South Korea were Rough Wood ($216M), Raw Aluminium ($213M), and Other Fruits ($145M). During the last 22 years the exports of New Zealand to South Korea have increased at an annualized rate of 7.83%, from $778M in 1995 to $1.13B in 2017.

Exports from South Korea (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
New Zealand
Top Destination
China$13.1B

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 2022, countries that imported more from South Korea than New Zealand included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from New Zealand than South Korea included Algeria ($517M), Fiji ($380M), and Cook Islands ($85.2M).

Difference in imports from New Zealand (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - New Zealand

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 2022, South Korea had a large net trade with New Zealand in the exports of Mineral Products ($2.12B), Transportation ($451M), and Metals ($282M).

During 2017, New Zealand had a large net trade with South Korea in the exports of Animal Products ($447M), Metals ($272M), and Wood Products ($253M).

Service Trade

Bilateral Service Trade

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.

Services Exports from South Korea (Flag) to New Zealand (Flag) (2005)

Services Exports from New Zealand (Flag) to South Korea (Flag) (2018)

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and New Zealand (Flag) (2022)

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