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About

New Zealand-Hong Kong Trade: In 2023, New Zealand exported $586M to Hong Kong. The main products that New Zealand exported to Hong Kong were Concentrated Milk ($101M), Apples and Pears ($44.8M), and Malt Extract ($40.8M). Over the past 5 years the exports of New Zealand to Hong Kong have decreased at an annualized rate of 6.4%, from $816M in 2018 to $586M in 2023.

In 2018, New Zealand exported services to Hong Kong worth $1.32B, with Travel ($1.01B), Transportation ($203M), and Other business services ($62.8M) being the largest in terms of value.

Hong Kong-New Zealand Trade: In 2023, Hong Kong exported $81.8M to New Zealand. The main products that Hong Kong exported to New Zealand were Electrical Transformers ($5.51M), Medical Instruments ($4.99M), and Jewellery ($3.91M). Over the past 5 years the exports of Hong Kong to New Zealand have decreased at an annualized rate of 10.6%,  from $161M in 2018 to $81.8M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, New Zealand exported $586M to Hong Kong. The main products exported from New Zealand to Hong Kong were Concentrated Milk ($101M), Apples and Pears ($44.8M), and Malt Extract ($40.8M). During the last 5 years the exports of New Zealand to Hong Kong have decreased at an annualized rate of 6.4%, from $816M in 2018 to $586M in 2023.

In 2018, Hong Kong exported $81.8M to New Zealand. The main products exported from Hong Kong to New Zealand were Electrical Transformers ($5.51M), Medical Instruments ($4.99M), and Jewellery ($3.91M). During the last 5 years the exports of Hong Kong to New Zealand have decreased at an annualized rate of 10.6%, from $161M in 2023 to $81.8M in 2018.

Exports from New Zealand (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to New Zealand (Flag) (2023)

Latest Data

Trade between New Zealand (Flag) and Hong Kong (Flag)

New Zealand Exports

Hong Kong Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$12.3B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from New Zealand than Hong Kong included Australia ($5.2B), United States ($5.42B), and Algeria ($599M).

In 2023, countries that imported more from Hong Kong than New Zealand included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and New Zealand (Flag) (2023)

Comparative Advantage New Zealand - Hong Kong

Flow
Scale

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

During 2023, New Zealand had a large net trade with Hong Kong in the exports of Animal Products ($267M), Foodstuffs ($84.8M), and Vegetable Products ($71.1M).

During 2018, Hong Kong had a large net trade with New Zealand in the exports of Machines ($30.3M), Instruments ($9.1M), and Precious Metals ($6.32M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Hong Kong+$5.53MTelephones
Top Product Potential Hong Kong New Zealand+$8.39MTelephones

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

Product Space of New Zealand (Flag) and Hong Kong (Flag) (2023)

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