United States (USA) and New Zealand (NZL) Trade

2022

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Exports $3.96BRnk 52 / 219

2022

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About

United States-New Zealand In 2022, United States exported $3.96B to New Zealand. The main products that United States exported to New Zealand are Gas Turbines ($319M), Planes, Helicopters, and/or Spacecraft ($216M), and Cars ($204M). During the last 27 years the exports of United States to New Zealand have increased at an annualized rate of 2.42%, from $2.07B in 1995 to $3.96B in 2022.

In 2017, United States exported services to New Zealand worth $3.29B, with Travel ($1.26B), Financial services ($640M), and Transportation ($399M) being the largest in terms of value.

New Zealand-United States In 2022, New Zealand exported $5.07B to United States. The main products that New Zealand exported to United States were Frozen Bovine Meat ($735M), Wine ($533M), and Sheep and Goat Meat ($385M). During the last 27 years the exports of New Zealand to United States have increased at an annualized rate of 4.74%, from $1.45B in 1995 to $5.07B in 2022.

In 2018, New Zealand exported services to United States worth $7.69B, with Travel ($3.67B), Transportation ($1.79B), and Other business services ($1.06B) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, New Zealand ranked 44 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

COMPANIES In 2023, leading companies such as AMERICAN OMNI TRADING (2.02k), COSTCO WHOLESALE COPRORATION (1.16k), and ABB MOTORS AND MECHANICAL INC (408) were at the forefront of exporting goods from New Zealand to the United States. Conversely, AW FRASER LIMITED (1.74k), MANUKA HEALTH NEW ZEALAND LIMITED (1.04k), and A W FRASER LIMITED (286) were notable for importing New Zealand products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $233M and imported $513M from New Zealand, resulting in a negative trade balance of $280M. Between January 2023 and January 2024 the exports of United States have decreased by $-34.9M (-13%) from $268M to $233M, while imports increased by $25.5M (5.23%) from $488M to $513M.

Trade In January 2024, the top exports of United States to New Zealand were Aircraft Parts ($35.3M), Commodities not elsewhere specified ($32.2M), Cars ($17.1M), Petroleum Coke ($13M), and Other Sugars ($7.14M). In January 2024 the top imports of United States from New Zealand were Wine ($88.9M), Frozen Bovine Meat ($63.9M), Casein ($28.3M), Sheep and Goat Meat ($26.4M), and Whey and other milk products ($26.3M).

Origins In January 2024 the exports of United States were mainly from California ($36.8M), Texas ($28M), Arizona ($13M), Georgia ($11.5M), and Illinois ($11.4M), while imports destinations were mainly California ($148M), New Jersey ($63.2M), Pennsylvania ($56.4M), Illinois ($53M), and Texas ($24.8M).

Growth In January 2024, the decrease in United States's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Aircraft Parts ($-46.8M or -57%), Asphalt Mixtures ($-38.6M or -100%), and Commodities not elsewhere specified ($-6.9M or -17.6%). In January 2024, the increase in United States's year-by-year imports from New Zealand was explained primarily by an increase in product imports in Wine ($22.6M or 34%), Butter ($12.7M or 328%), and Sawn Wood ($8.37M or 52.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-34.9M(-13%)

IMPORT GROWTH (January 2023 - January 2024)$25.5M(5.23%)

MAIN EXPORTER (January 2024)California$36.8M

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

To check New Zealand and United States 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, United States exported $3.96B to New Zealand. The main products exported from United States to New Zealand were Gas Turbines ($319M), Planes, Helicopters, and/or Spacecraft ($216M), and Cars ($204M). During the last 27 years the exports of United States to New Zealand have increased at an annualized rate of 2.42%, from $2.07B in 1995 to $3.96B in 2022.

In 2022, New Zealand exported $5.07B to United States. The main products exported from New Zealand to United States were Frozen Bovine Meat ($735M), Wine ($533M), and Sheep and Goat Meat ($385M). During the last 27 years the exports of New Zealand to United States have increased at an annualized rate of 4.74%, from $1.45B in 1995 to $5.07B in 2022.

Exports from United States () to New Zealand () (2022)

Exports from New Zealand () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

New Zealand
Top DestinationChina$13.1B

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

In 2021, countries that imported more from United States than New Zealand were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from New Zealand than United States were Fiji ($380M), Cook Islands ($85.2M), and Tonga ($53.5M).

Difference in imports from New Zealand () and United States () (2022)

Comparative Advantage United States - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with New Zealand in the exports of Machines ($1.18B), Transportation ($657M), and Chemical Products ($460M).

During 2022, New Zealand had a large net trade with United States in the exports of Animal Products ($1.91B), Foodstuffs ($844M), and Machines ($585M).

Service Trade

Bilateral Service Trade

Nzl Year

Usa Year

In 2017, United States exported services to New Zealand worth $3.29B, with Travel ($1.26B), Financial services ($640M), and Transportation ($399M) being the largest in terms of value.

In 2018, New Zealand exported services to United States worth $7.69B, with Travel ($3.67B), Transportation ($1.79B), and Other business services ($1.06B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to New Zealand () (2017)

Services Exports from New Zealand () to United States () (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 United States has comparative advantage over New Zealand. Similarly, the more yellow a dot/product is, the more New Zealand has comparative advantage over United States.

Product Space of United States () and New Zealand () (2022)

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