New Zealand / South Korea

New Zealand-South Korea Trade: In 2023, New Zealand exported $1.37B to South Korea. The main products that New Zealand exported to South Korea were Raw Aluminium ($243M), Rough Wood ($145M), and Cheese ($142M). Over the past 5 years the exports of New Zealand to South Korea have increased at an annualized rate of 0.15%, from $1.36B in 2018 to $1.37B in 2023.

In 2018, New Zealand exported services to South Korea worth $1.56B, with Travel ($1.44B), Transportation ($74.6M), and Government services, n.i.e. ($16.6M) being the largest in terms of value.

South Korea-New Zealand Trade: In 2023, South Korea exported $3.71B to New Zealand. The main products that South Korea exported to New Zealand were Refined Petroleum ($2.77B), Cars ($343M), and Large Construction Vehicles ($48.5M). Over the past 5 years the exports of South Korea to New Zealand have increased at an annualized rate of 13.5%,  from $1.97B in 2018 to $3.71B in 2023.

In 2005, South Korea exported services to New Zealand worth $108M, with Transportation ($57.1M), Travel ($26.3M), and Other business services ($17.4M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).