New Zealand (NZL) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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New Zealand-Mexico Trade: In 2022, New Zealand exported $293M to Mexico. The main products that New Zealand exported to Mexico were Butter ($125M), Casein ($68.6M), and Cheese ($22.1M). Over the past 5 years the exports of New Zealand to Mexico have increased at an annualized rate of 1.62%, from $270M in 2017 to $293M in 2022.

In 2018, New Zealand exported services to Mexico worth $97.4M, with Travel ($75.3M), Insurance services ($8.29M), and Royalties and license fees ($6.91M) being the largest in terms of value.

Mexico-New Zealand Trade: In 2022, Mexico exported $361M to New Zealand. The main products that Mexico exported to New Zealand were Cars ($84M), Beer ($34.9M), and Medical Instruments ($32.8M). Over the past 5 years the exports of Mexico to New Zealand have increased at an annualized rate of 10.1%, from $223M in 2017 to $361M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, New Zealand exported $293M to Mexico. The main products exported from New Zealand to Mexico were Butter ($125M), Casein ($68.6M), and Cheese ($22.1M). During the last 5 years the exports of New Zealand to Mexico have increased at an annualized rate of 1.62%, from $270M in 2017 to $293M in 2022.

In 2017, Mexico exported $361M to New Zealand. The main products exported from Mexico to New Zealand were Cars ($84M), Beer ($34.9M), and Medical Instruments ($32.8M). During the last 5 years the exports of Mexico to New Zealand have increased at an annualized rate of 10.1%, from $223M in 2022 to $361M in 2017.

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

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

Latest Data

Trade between New Zealand () and Mexico ()

New Zealand Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from New Zealand than Mexico included Australia ($5.35B), Indonesia ($1.33B), and Saudi Arabia ($599M).

In 2022, countries that imported more from Mexico than New Zealand included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

Comparative Advantage New Zealand - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Mexico in the exports of Animal Products ($173M), Chemical Products ($70.2M), and Machines ($16.6M).

During 2017, Mexico had a large net trade with New Zealand in the exports of Transportation ($124M), Machines ($81.1M), and Instruments ($60.6M).

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 Mexico+$17.7MConcentrated Milk

Top Product Potential Mexico New Zealand+$67.4MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between New Zealand () and Mexico ()

New Zealand Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage New Zealand - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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