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40.3%CURRENT US$
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About

New Zealand-Australia Trade: In 2022, New Zealand exported $5.35B to Australia. The main products that New Zealand exported to Australia were Gold ($379M), Wine ($273M), and Other Edible Preparations ($220M). Over the past 5 years the exports of New Zealand to Australia have decreased at an annualized rate of 2.92%, from $6.2B in 2017 to $5.35B in 2022.

In 2018, New Zealand exported services to Australia worth $12.9B, with Travel ($7.12B), Other business services ($2.49B), and Transportation ($2.31B) being the largest in terms of value.

Australia-New Zealand Trade: In 2022, Australia exported $7.3B to New Zealand. The main products that Australia exported to New Zealand were Aluminium Oxide ($258M), Wheat ($221M), and Broadcasting Equipment ($216M). Over the past 5 years the exports of Australia to New Zealand have increased at an annualized rate of 4.34%,  from $5.9B in 2017 to $7.3B in 2022.

In 2009, Australia exported services to New Zealand worth $2.37B, with Travel ($1.42B), Transportation ($349M), and Other business services ($306M) being the largest in terms of value.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $5.35B to Australia. The main products exported from New Zealand to Australia were Gold ($379M), Wine ($273M), and Other Edible Preparations ($220M). During the last 5 years the exports of New Zealand to Australia have decreased at an annualized rate of 2.92%, from $6.2B in 2017 to $5.35B in 2022.

In 2017, Australia exported $7.3B to New Zealand. The main products exported from Australia to New Zealand were Aluminium Oxide ($258M), Wheat ($221M), and Broadcasting Equipment ($216M). During the last 5 years the exports of Australia to New Zealand have increased at an annualized rate of 4.34%, from $5.9B in 2022 to $7.3B in 2017.

Exports from New Zealand (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Australia (Flag)

New Zealand Exports

Australia Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Australia
Top Destination
China$123B

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

In 2022, countries that imported more from New Zealand than Australia included Algeria ($517M), Nigeria ($176M), and Cook Islands ($85.2M).

In 2022, countries that imported more from Australia than New Zealand included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Australia

Flow
Scale

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

During 2022, New Zealand had a large net trade with Australia in the exports of Foodstuffs ($1.32B), Animal Products ($845M), and Machines ($617M).

During 2017, Australia had a large net trade with New Zealand in the exports of Machines ($1.31B), Chemical Products ($1.22B), and Foodstuffs ($1.03B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Australia+$10.9MRefined Petroleum
Top Product Potential Australia New Zealand+$14.8MCoal 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of New Zealand and Australia. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over New Zealand.

Product Space of New Zealand (Flag) and Australia (Flag) (2022)

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