New Zealand (NZL) and China (CHN) Trade | The Observatory of Economic Complexity

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New Zealand-China Trade: In 2023, New Zealand exported $12.3B to China. The main products that New Zealand exported to China were Rough Wood ($1.96B), Concentrated Milk ($1.81B), and Malt Extract ($1.15B). Over the past 5 years the exports of New Zealand to China have increased at an annualized rate of 3.69%, from $10.3B in 2018 to $12.3B in 2023.

In 2018, New Zealand exported services to China worth $8.99B, with Travel ($8.04B), Transportation ($608M), and Other business services ($137M) being the largest in terms of value.

China-New Zealand Trade: In 2023, China exported $10.2B to New Zealand. The main products that China exported to New Zealand were Broadcasting Equipment ($785M), Computers ($605M), and Cars ($480M). Over the past 5 years the exports of China to New Zealand have increased at an annualized rate of 3.6%, from $8.54B in 2018 to $10.2B in 2023.

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

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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $12.3B to China. The main products exported from New Zealand to China were Rough Wood ($1.96B), Concentrated Milk ($1.81B), and Malt Extract ($1.15B). During the last 5 years the exports of New Zealand to China have increased at an annualized rate of 3.69%, from $10.3B in 2018 to $12.3B in 2023.

In 2018, China exported $10.2B to New Zealand. The main products exported from China to New Zealand were Broadcasting Equipment ($785M), Computers ($605M), and Cars ($480M). During the last 5 years the exports of China to New Zealand have increased at an annualized rate of 3.6%, from $8.54B in 2023 to $10.2B in 2018.

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

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

Latest Data

Trade between New Zealand () and China ()

New Zealand Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from New Zealand than China included Cook Islands ($93.7M), American Samoa ($28M), and Samoa ($112M).

In 2023, countries that imported more from China than New Zealand included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage New Zealand - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with China in the exports of Animal Products ($6.5B), Wood Products ($2.01B), and Foodstuffs ($1.55B).

During 2018, China had a large net trade with New Zealand in the exports of Machines ($3.74B), Textiles ($1B), and Miscellaneous ($940M).

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 China+$89.9MCrude Petroleum

Top Product Potential China New Zealand+$138MTelephones

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

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between New Zealand () and China ()

New Zealand Exports

China Exports

Market Competitiveness

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

Comparative Advantage New Zealand - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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