New Zealand (NZL) and Canada (CAN) Trade | The Observatory of Economic Complexity

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New Zealand-Canada Trade: In 2023, New Zealand exported $731M to Canada. The main products that New Zealand exported to Canada were Wine ($94.9M), Butter ($93.1M), and Frozen Bovine Meat ($82.9M). Over the past 5 years the exports of New Zealand to Canada have increased at an annualized rate of 4.53%, from $586M in 2018 to $731M in 2023.

In 2018, New Zealand exported services to Canada worth $1.1B, with Travel ($726M), Transportation ($276M), and Other business services ($42.8M) being the largest in terms of value.

Canada-New Zealand Trade: In 2023, Canada exported $468M to New Zealand. The main products that Canada exported to New Zealand were Potassic Fertilizers ($76.1M), Planes, Helicopters, and/or Spacecraft ($28.3M), and Gas Turbines ($23M). Over the past 5 years the exports of Canada to New Zealand have decreased at an annualized rate of 1.68%, from $510M in 2018 to $468M in 2023.

In 2020, Canada exported services to New Zealand worth $69.3M, with Transportation ($31.3M), Travel ($17.1M), and Computer and information services ($5.97M) being the largest in terms of value.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $731M to Canada. The main products exported from New Zealand to Canada were Wine ($94.9M), Butter ($93.1M), and Frozen Bovine Meat ($82.9M). During the last 5 years the exports of New Zealand to Canada have increased at an annualized rate of 4.53%, from $586M in 2018 to $731M in 2023.

In 2018, Canada exported $468M to New Zealand. The main products exported from Canada to New Zealand were Potassic Fertilizers ($76.1M), Planes, Helicopters, and/or Spacecraft ($28.3M), and Gas Turbines ($23M). During the last 5 years the exports of Canada to New Zealand have decreased at an annualized rate of 1.68%, from $510M in 2023 to $468M in 2018.

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

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

Latest Data

Trade between New Zealand () and Canada ()

New Zealand Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from New Zealand than Canada included Australia ($5.2B), Fiji ($433M), and Sri Lanka ($252M).

In 2023, countries that imported more from Canada than New Zealand included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage New Zealand - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Canada in the exports of Animal Products ($330M), Foodstuffs ($138M), and Machines ($78.2M).

During 2018, Canada had a large net trade with New Zealand in the exports of Machines ($107M), Chemical Products ($100M), and Transportation ($61.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Canada+$8.19MOther Fruits

Top Product Potential Canada New Zealand+$12.1MPackaged Medicaments

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

Can Year

Nzl Year

In 2018, New Zealand exported services to Canada worth $1.1B, with Travel ($726M), Transportation ($276M), and Other business services ($42.8M) being the largest in terms of value.

In 2020, Canada exported services to New Zealand worth $69.3M, with Transportation ($31.3M), Travel ($17.1M), and Computer and information services ($5.97M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Canada () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between New Zealand () and Canada ()

New Zealand Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage New Zealand - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Services Exports from Canada () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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