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2022
Flag → Flag
Exports $943MRnk 10 / 210
2022
Flag → Flag
Top Product $350MConcentrated Milk
2022
Flag → Flag
Exports $1.98BRnk 30 / 218
2022
Flag → Flag
Top Product $578MDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

New Zealand-Thailand Trade: In 2022, New Zealand exported $943M to Thailand. The main products that New Zealand exported to Thailand were Concentrated Milk ($350M), Butter ($57.6M), and Crude Petroleum ($46.1M). Over the past 5 years the exports of New Zealand to Thailand have increased at an annualized rate of 7.32%, from $662M in 2017 to $943M in 2022.

In 2018, New Zealand exported services to Thailand worth $683M, with Travel ($640M), Transportation ($23.5M), and Other business services ($10.4M) being the largest in terms of value.

Thailand-New Zealand Trade: In 2022, Thailand exported $1.98B to New Zealand. The main products that Thailand exported to New Zealand were Delivery Trucks ($578M), Cars ($236M), and Air Conditioners ($104M). Over the past 5 years the exports of Thailand to New Zealand have increased at an annualized rate of 1.69%,  from $1.82B in 2017 to $1.98B in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $943M to Thailand. The main products exported from New Zealand to Thailand were Concentrated Milk ($350M), Butter ($57.6M), and Crude Petroleum ($46.1M). During the last 5 years the exports of New Zealand to Thailand have increased at an annualized rate of 7.32%, from $662M in 2017 to $943M in 2022.

In 2017, Thailand exported $1.98B to New Zealand. The main products exported from Thailand to New Zealand were Delivery Trucks ($578M), Cars ($236M), and Air Conditioners ($104M). During the last 5 years the exports of Thailand to New Zealand have increased at an annualized rate of 1.69%, from $1.82B in 2022 to $1.98B in 2017.

Exports from New Zealand (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Thailand (Flag)

New Zealand Exports

Thailand Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from New Zealand than Thailand included Algeria ($517M), Fiji ($380M), and Cook Islands ($85.2M).

In 2022, countries that imported more from Thailand than New Zealand included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Thailand

Flow
Scale

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

During 2022, New Zealand had a large net trade with Thailand in the exports of Animal Products ($552M), Paper Goods ($64.1M), and Vegetable Products ($63.2M).

During 2017, Thailand had a large net trade with New Zealand in the exports of Transportation ($868M), Machines ($378M), and Foodstuffs ($213M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Thailand+$18.7MCrude Petroleum
Top Product Potential Thailand New Zealand+$16.5MRefined Petroleum

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

Product Space of New Zealand (Flag) and Thailand (Flag) (2022)

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