New Zealand (NZL) and Spain (ESP) Trade | The Observatory of Economic Complexity

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New Zealand-Spain Trade: In 2022, New Zealand exported $146M to Spain. The main products that New Zealand exported to Spain were Other Fruits ($32M), Molluscs ($11.5M), and Casein ($11.4M). Over the past 5 years the exports of New Zealand to Spain have decreased at an annualized rate of 2.79%, from $169M in 2017 to $146M in 2022.

In 2018, New Zealand exported services to Spain worth $195M, with Travel ($175M), Royalties and license fees ($11.7M), and Other business services ($5.52M) being the largest in terms of value.

Spain-New Zealand Trade: In 2022, Spain exported $367M to New Zealand. The main products that Spain exported to New Zealand were Cars ($51.1M), Pig Meat ($31.2M), and Pure Olive Oil ($17.3M). Over the past 5 years the exports of Spain to New Zealand have increased at an annualized rate of 1.65%, from $296M in 2017 to $367M in 2022.

In 2022, Spain did not export any services to New Zealand.

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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, New Zealand exported $146M to Spain. The main products exported from New Zealand to Spain were Other Fruits ($32M), Molluscs ($11.5M), and Casein ($11.4M). During the last 5 years the exports of New Zealand to Spain have decreased at an annualized rate of 2.79%, from $169M in 2017 to $146M in 2022.

In 2017, Spain exported $367M to New Zealand. The main products exported from Spain to New Zealand were Cars ($51.1M), Pig Meat ($31.2M), and Pure Olive Oil ($17.3M). During the last 5 years the exports of Spain to New Zealand have increased at an annualized rate of 1.65%, from $296M in 2022 to $367M in 2017.

Exports from New Zealand () to Spain () (2022)

Exports from Spain () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Spain ()

New Zealand Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from New Zealand than Spain included China ($13.1B), Australia ($5.35B), and Indonesia ($1.33B).

In 2022, countries that imported more from Spain than New Zealand included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and New Zealand () (2022)

Comparative Advantage New Zealand - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Spain in the exports of Animal Products ($37.2M), Vegetable Products ($36.5M), and Chemical Products ($14.1M).

During 2017, Spain had a large net trade with New Zealand in the exports of Transportation ($82.5M), Machines ($49.7M), and Animal Products ($38.1M).

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 Spain+$5.53MRaw Aluminium

Top Product Potential Spain New Zealand+$40.5MCars

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 Spain. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over New Zealand.

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Spain () (2022)

Exports from Spain () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Spain ()

New Zealand Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and New Zealand () (2022)

Comparative Advantage New Zealand - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Spain () (2022)

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