2022
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GDP
$247BCURRENT US$
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GDP GROWTH
40.3%CURRENT US$
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$1.67TCURRENT US$
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GDP GROWTH
30.3%CURRENT US$
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GDP PC 
$48,249CURRENT US$
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GDP PC GROWTH
20.7%CURRENT US$
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$32,255CURRENT US$
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26.7%CURRENT US$
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About

New Zealand-South Korea In 2022, New Zealand exported $1.69B to South Korea. The main products that New Zealand exported to South Korea are Rough Wood ($216M), Raw Aluminium ($213M), and Other Fruits ($145M). During the last 27 years the exports of New Zealand to South Korea have increased at an annualized rate of 2.91%, from $778M in 1995 to $1.69B in 2022.

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 In 2022, South Korea exported $3.45B to New Zealand. The main products that South Korea exported to New Zealand were Refined Petroleum ($2.11B), Cars ($421M), and Coated Flat-Rolled Iron ($87.7M). During the last 27 years the exports of South Korea to New Zealand have increased at an annualized rate of 10.3%, from $242M in 1995 to $3.45B in 2022.

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 2022,  New Zealand ranked 44 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $1.69B to South Korea. The main products exported from New Zealand to South Korea were Rough Wood ($216M), Raw Aluminium ($213M), and Other Fruits ($145M). During the last 27 years the exports of New Zealand to South Korea have increased at an annualized rate of 2.91%, from $778M in 1995 to $1.69B in 2022.

In 2022, South Korea exported $3.45B to New Zealand. The main products exported from South Korea to New Zealand were Refined Petroleum ($2.11B), Cars ($421M), and Coated Flat-Rolled Iron ($87.7M). During the last 27 years the exports of South Korea to New Zealand have increased at an annualized rate of 10.3%, from $242M in 1995 to $3.45B in 2022.

Exports from New Zealand (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and South Korea (Flag)

New Zealand Exports

South Korea Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from New Zealand than South Korea were Algeria ($517M), Fiji ($380M), and Cook Islands ($85.2M).

In 2021, countries that imported more from South Korea than New Zealand were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - South Korea

Flow
Scale

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

During 2022, New Zealand had a large net trade with South Korea in the exports of Animal Products ($447M), Metals ($272M), and Wood Products ($253M).

During 2022, South Korea had a large net trade with New Zealand in the exports of Mineral Products ($2.12B), Transportation ($451M), and Metals ($282M).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to South Korea (Flag) (2018)

Services Exports from South Korea (Flag) to New Zealand (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more New Zealand has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over New Zealand.

Product Space of New Zealand (Flag) and South Korea (Flag) (2022)

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