Mexico (MEX) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Mexico-New Zealand Trade: In 2023, Mexico exported $386M to New Zealand. The main products that Mexico exported to New Zealand were Cars ($117M), Broadcasting Equipment ($37M), and Medical Instruments ($32.9M). Over the past 5 years the exports of Mexico to New Zealand have increased at an annualized rate of 3.29%, from $328M in 2018 to $386M in 2023.

In 2023, Mexico did not export any services to New Zealand.

New Zealand-Mexico Trade: In 2023, New Zealand exported $243M to Mexico. The main products that New Zealand exported to Mexico were Butter ($90.9M), Casein ($44.6M), and Cheese ($21.8M). Over the past 5 years the exports of New Zealand to Mexico have decreased at an annualized rate of 1%, from $256M in 2018 to $243M in 2023.

In 2018, New Zealand exported services to Mexico worth $97.4M, with Travel ($75.3M), Insurance services ($8.29M), and Royalties and license fees ($6.91M) being the largest in terms of value.

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $386M to New Zealand. The main products exported from Mexico to New Zealand were Cars ($117M), Broadcasting Equipment ($37M), and Medical Instruments ($32.9M). During the last 5 years the exports of Mexico to New Zealand have increased at an annualized rate of 3.29%, from $328M in 2018 to $386M in 2023.

In 2018, New Zealand exported $243M to Mexico. The main products exported from New Zealand to Mexico were Butter ($90.9M), Casein ($44.6M), and Cheese ($21.8M). During the last 5 years the exports of New Zealand to Mexico have decreased at an annualized rate of 1%, from $256M in 2023 to $243M in 2018.

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

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

Latest Data

Trade between Mexico () and New Zealand ()

Mexico Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Mexico than New Zealand included United States ($456B), Canada ($33B), and Germany ($10.7B).

In 2023, countries that imported more from New Zealand than Mexico included Australia ($5.2B), Indonesia ($1.1B), and Algeria ($599M).

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

Comparative Advantage Mexico - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with New Zealand in the exports of Transportation ($130M), Machines ($115M), and Instruments ($48.8M).

During 2018, New Zealand had a large net trade with Mexico in the exports of Animal Products ($135M), Chemical Products ($46.3M), and Machines ($18.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico New Zealand+$67.4MCars

Top Product Potential New Zealand Mexico+$17.7MConcentrated Milk

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

In 2018, New Zealand exported services to Mexico worth $97.4M, with Travel ($75.3M), Insurance services ($8.29M), and Royalties and license fees ($6.91M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Mexico () and New Zealand ()

Mexico Exports

New Zealand Exports

Market Competitiveness

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

Comparative Advantage Mexico - New Zealand

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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