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

2023

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Exports $4.75BRnk 50 / 220

2023

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About

United States-New Zealand Trade: In 2023, United States exported $4.75B to New Zealand. The main products that United States exported to New Zealand were Gas Turbines ($644M), Planes, Helicopters, and/or Spacecraft ($531M), and Cars ($267M). Over the past 5 years the exports of United States to New Zealand have increased at an annualized rate of 1.84%, from $4.34B in 2018 to $4.75B in 2023.

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 Trade: In 2023, New Zealand exported $5.42B to United States. The main products that New Zealand exported to United States were Frozen Bovine Meat ($923M), Wine ($608M), and Sheep and Goat Meat ($351M). Over the past 5 years the exports of New Zealand to United States have increased at an annualized rate of 6.64%, from $3.93B in 2018 to $5.42B in 2023.

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 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Company data: In 2023, leading companies such as Lawrence Wholesale (94), DAVID OPPENHEIMER CO. (86), and Pernod Ricard (78) were at the forefront of exporting goods from New Zealand to the United States. Conversely, Other (96), Unknown (82), and Pernod Ricard Winemakers Nz (76) were notable for importing products to New Zealand from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $303M and imported $374M from New Zealand, resulting in a negative trade balance of $70.6M. Between November 2023 and November 2024 the exports of United States have increased by $6.12M (2.06%) from $297M to $303M, while imports decreased by $-15.7M (-4.03%) from $389M to $374M.

Trade In November 2024, the top exports of United States to New Zealand were Aircraft parts (gliders, balloons, and powered... ($35.3M), Commodities not elsewhere specified ($32.2M), Cars ($17.1M), Petroleum Coke ($13M), and Other Sugars ($7.14M). In November 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 November 2024 the exports of United States were mainly from California ($49.6M), Illinois ($28.3M), Georgia ($25.7M), Texas ($21.6M), and Mississippi ($14M), while imports destinations were mainly California ($94.8M), New Jersey ($47.4M), Illinois ($44.5M), Pennsylvania ($43.7M), and Kentucky ($17.6M).

Growth In November 2024, the increase in United States's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Cars ($9.05M or 113%), Nucleic Acids ($3.17M or 37.8k%), and Telephones ($2.36M or 51%). In November 2024, the decrease in United States's year-by-year imports from New Zealand was explained primarily by an decrease in product imports in Commodities not elsewhere specified ($-20.6M or -58.8%), Therapeutic Appliances ($-8.31M or -44.7%), and Other Prepared Meat ($-6.83M or -65%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$6.12M(2.06%)

IMPORT GROWTH (November 2023 - November 2024)$-15.7M(-4.03%)

MAIN EXPORTER (November 2024)California$49.6M

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 2023, United States exported $4.75B to New Zealand. The main products exported from United States to New Zealand were Gas Turbines ($644M), Planes, Helicopters, and/or Spacecraft ($531M), and Cars ($267M). During the last 5 years the exports of United States to New Zealand have increased at an annualized rate of 1.84%, from $4.34B in 2018 to $4.75B in 2023.

In 2018, New Zealand exported $5.42B to United States. The main products exported from New Zealand to United States were Frozen Bovine Meat ($923M), Wine ($608M), and Sheep and Goat Meat ($351M). During the last 5 years the exports of New Zealand to United States have increased at an annualized rate of 6.64%, from $3.93B in 2023 to $5.42B in 2018.

Exports from United States () to New Zealand () (2023)

Exports from New Zealand () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

New Zealand
Top DestinationChina$12.3B

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 2023, countries that imported more from United States than New Zealand included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from New Zealand than United States included Fiji ($433M), Cook Islands ($93.7M), and Samoa ($112M).

Difference in imports from New Zealand () and United States () (2023)

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 2023, United States had a large net trade with New Zealand in the exports of Machines ($1.61B), Transportation ($1.11B), and Chemical Products ($458M).

During 2018, New Zealand had a large net trade with United States in the exports of Animal Products ($2.18B), Foodstuffs ($932M), and Machines ($631M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States New Zealand+$95.8MCars

Top Product Potential New Zealand United States+$53.5MCrude 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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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)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and New Zealand () (2023)

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