Russia (RUS) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Russia (RUS) and New Zealand (NZL) Trade

2022

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Exports $10.6MRnk 112 / 138

2022

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Top Product $1.66MNitrogenous Fertilizers

2022

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Exports $49.8MRnk 59 / 210

2022

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About

Russia-New Zealand In 2022, Russia exported $10.6M to New Zealand. The main products that Russia exported to New Zealand are Nitrogenous Fertilizers ($1.66M), Plywood ($1.62M), and Other Plastic Sheetings ($1.08M). During the last 27 years the exports of Russia to New Zealand have increased at an annualized rate of 4.94%, from $2.87M in 1995 to $10.6M in 2022.

In 2020, Russia exported services to New Zealand worth $7.89M, with Computer and information services ($3.29M), Other business services ($3.04M), and Travel ($864k) being the largest in terms of value.

New Zealand-Russia In 2022, New Zealand exported $49.8M to Russia. The main products that New Zealand exported to Russia were Butter ($23M), Malt Extract ($6.95M), and Therapeutic Appliances ($5.06M). During the last 27 years the exports of New Zealand to Russia have decreased at an annualized rate of 3.01%, from $114M in 1995 to $49.8M in 2022.

In 2018, New Zealand exported services to Russia worth $160M, with Travel ($157M), Government services, n.i.e. ($2.76M), and Other business services ($691k) being the largest in terms of value.

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, New Zealand ranked 44 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $1.09M and imported $13.4M from New Zealand, resulting in a negative trade balance of $12.4M. Between January 2021 and January 2022 the exports of Russia have decreased by $-30.7M (-96.6%) from $31.8M to $1.09M, while imports decreased by $-508k (-3.64%) from $13.9M to $13.4M.

Trade In January 2022, the top exports of Russia to New Zealand were Crude Petroleum ($30.5M), Commodities not elsewhere specified ($950k), Plywood ($104k), Uncoated Paper ($76.7k), and Sulfates ($50.8k). In January 2022 the top imports of Russia from New Zealand were Butter ($8.48M), Wine ($2.03M), Molluscs ($769k), Concentrated Milk ($764k), and Non-fillet Frozen Fish ($563k).

Origins In January 2022 the exports of Russia were mainly from SEVASTOPOL - THE FEDERAL CITY ($275k), IRKUTSK REGION ($187k), RYAZAN REGION ($178k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($133k), and KOMI REPUBLIC ($103k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($5.35M), ST. PETERSBURG ($4.45M), MOSCOW REGION ($1.43M), YAROSLAVL REGION ($808k), and TRANS-BAIKAL TERRITORY ($462k).

Growth In January 2022, the decrease in Russia's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Crude Petroleum ($-24.2M or -44.2%), Recreational Boats ($-44.9k or -76.2%), and Hard Liquor ($-33.3k or -93.2%). In January 2022, the decrease in Russia's year-by-year imports from New Zealand was explained primarily by an decrease in product imports in Butter ($-16.9M or -66.6%), Malt Extract ($-1.6M or -86.5%), and Non-fillet Frozen Fish ($-859k or -60.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$-30.7M(-96.6%)

IMPORT GROWTH (January 2021 - January 2022)$-508k(-3.64%)

MAIN EXPORTER (January 2022)SEVASTOPOL - THE FEDERAL CITY$275k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check New Zealand and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $10.6M to New Zealand. The main products exported from Russia to New Zealand were Nitrogenous Fertilizers ($1.66M), Plywood ($1.62M), and Other Plastic Sheetings ($1.08M). During the last 27 years the exports of Russia to New Zealand have increased at an annualized rate of 4.94%, from $2.87M in 1995 to $10.6M in 2022.

In 2022, New Zealand exported $49.8M to Russia. The main products exported from New Zealand to Russia were Butter ($23M), Malt Extract ($6.95M), and Therapeutic Appliances ($5.06M). During the last 27 years the exports of New Zealand to Russia have decreased at an annualized rate of 3.01%, from $114M in 1995 to $49.8M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

New Zealand
Top DestinationChina$13.1B

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

In 2021, countries that imported more from Russia than New Zealand were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from New Zealand than Russia were Australia ($5.35B), Saudi Arabia ($599M), and Algeria ($517M).

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

Comparative Advantage Russia - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with New Zealand in the exports of Wood Products ($2.66M), Chemical Products ($2.12M), and Metals ($1.49M).

During 2022, New Zealand had a large net trade with Russia in the exports of Animal Products ($27.5M), Foodstuffs ($9.11M), and Instruments ($5.22M).

Service Trade

Bilateral Service Trade

Nzl Year

Rus Year

In 2018, New Zealand exported services to Russia worth $160M, with Travel ($157M), Government services, n.i.e. ($2.76M), and Other business services ($691k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to New Zealand () (2020)

Services Exports from New Zealand () to Russia () (2018)

Economic Complexity

Competitive Landscape

Year

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 Russia has comparative advantage over New Zealand. Similarly, the more yellow a dot/product is, the more New Zealand has comparative advantage over Russia.

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

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