New Zealand (NZL) and Italy (ITA) Trade | The Observatory of Economic Complexity

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New Zealand-Italy Trade: In 2023, New Zealand exported $202M to Italy. The main products that New Zealand exported to Italy were Tanned Equine and Bovine Hides ($72.6M), Other Fruits ($26.4M), and Wool ($25.4M). Over the past 5 years the exports of New Zealand to Italy have decreased at an annualized rate of 5.36%, from $266M in 2018 to $202M in 2023.

In 2018, New Zealand exported services to Italy worth $195M, with Travel ($175M), Government services, n.i.e. ($5.52M), and Insurance services ($5.52M) being the largest in terms of value.

Italy-New Zealand Trade: In 2023, Italy exported $1.1B to New Zealand. The main products that Italy exported to New Zealand were Cars ($85.1M), Passenger and Cargo Ships ($62.2M), and Packaged Medicaments ($54.4M). Over the past 5 years the exports of Italy to New Zealand have increased at an annualized rate of 4.39%, from $884M in 2018 to $1.1B in 2023.

In 2020, Italy exported services to New Zealand worth $84.6M, with Travel ($51.2M), Other business services ($18.5M), and Royalties and license fees ($8.68M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $202M to Italy. The main products exported from New Zealand to Italy were Tanned Equine and Bovine Hides ($72.6M), Other Fruits ($26.4M), and Wool ($25.4M). During the last 5 years the exports of New Zealand to Italy have decreased at an annualized rate of 5.36%, from $266M in 2018 to $202M in 2023.

In 2018, Italy exported $1.1B to New Zealand. The main products exported from Italy to New Zealand were Cars ($85.1M), Passenger and Cargo Ships ($62.2M), and Packaged Medicaments ($54.4M). During the last 5 years the exports of Italy to New Zealand have increased at an annualized rate of 4.39%, from $884M in 2023 to $1.1B in 2018.

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

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

Latest Data

Trade between New Zealand () and Italy ()

New Zealand Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from New Zealand than Italy included Fiji ($433M), Samoa ($112M), and Papua New Guinea ($126M).

In 2023, countries that imported more from Italy than New Zealand included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage New Zealand - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Italy in the exports of Animal Hides ($75.3M), Vegetable Products ($29.5M), and Textiles ($27.4M).

During 2018, Italy had a large net trade with New Zealand in the exports of Machines ($353M), Transportation ($221M), and Chemical Products ($110M).

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 Italy+$5.34MRaw Aluminium

Top Product Potential Italy New Zealand+$28.6MCars

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

Ita Year

Nzl Year

In 2018, New Zealand exported services to Italy worth $195M, with Travel ($175M), Government services, n.i.e. ($5.52M), and Insurance services ($5.52M) being the largest in terms of value.

In 2020, Italy exported services to New Zealand worth $84.6M, with Travel ($51.2M), Other business services ($18.5M), and Royalties and license fees ($8.68M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Italy () 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 Italy. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over New Zealand.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between New Zealand () and Italy ()

New Zealand Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage New Zealand - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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