New Zealand (NZL) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

About

New Zealand-Malaysia Trade: In 2023, New Zealand exported $893M to Malaysia. The main products that New Zealand exported to Malaysia were Concentrated Milk ($302M), Butter ($110M), and Cheese ($53.4M). Over the past 5 years the exports of New Zealand to Malaysia have increased at an annualized rate of 1.97%, from $810M in 2018 to $893M in 2023.

In 2018, New Zealand exported services to Malaysia worth $797M, with Travel ($706M), Transportation ($56.6M), and Other business services ($22.1M) being the largest in terms of value.

Malaysia-New Zealand Trade: In 2023, Malaysia exported $2.01B to New Zealand. The main products that Malaysia exported to New Zealand were Refined Petroleum ($1.05B), Other Vegetable Residues ($127M), and Computers ($49.3M). Over the past 5 years the exports of Malaysia to New Zealand have increased at an annualized rate of 6.95%, from $1.44B in 2018 to $2.01B in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $893M to Malaysia. The main products exported from New Zealand to Malaysia were Concentrated Milk ($302M), Butter ($110M), and Cheese ($53.4M). During the last 5 years the exports of New Zealand to Malaysia have increased at an annualized rate of 1.97%, from $810M in 2018 to $893M in 2023.

In 2018, Malaysia exported $2.01B to New Zealand. The main products exported from Malaysia to New Zealand were Refined Petroleum ($1.05B), Other Vegetable Residues ($127M), and Computers ($49.3M). During the last 5 years the exports of Malaysia to New Zealand have increased at an annualized rate of 6.95%, from $1.44B in 2023 to $2.01B in 2018.

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

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

Latest Data

Trade between New Zealand () and Malaysia ()

New Zealand Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from New Zealand than Malaysia included Algeria ($599M), Fiji ($433M), and Samoa ($112M).

In 2023, countries that imported more from Malaysia than New Zealand included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage New Zealand - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Malaysia in the exports of Animal Products ($578M), Foodstuffs ($75M), and Metals ($47.9M).

During 2018, Malaysia had a large net trade with New Zealand in the exports of Mineral Products ($1.11B), Machines ($247M), and Foodstuffs ($191M).

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 Malaysia+$7.19MCrude Petroleum

Top Product Potential Malaysia New Zealand+$17.8MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of New Zealand and Malaysia. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over New Zealand.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between New Zealand () and Malaysia ()

New Zealand Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage New Zealand - Malaysia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring