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2023
Flag → Flag
Exports $939MRnk 36 / 142
2023
Flag → Flag
Top Product $220MBroadcasting Equipment
2023
Flag → Flag
Exports $576MRnk 19 / 206
2023
Flag → Flag
Top Product $210MConcentrated Milk
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
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Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
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GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$48,281CURRENT US$
Rnk 28 / 196
2013-2023
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GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Vietnam-New Zealand Trade: In 2023, Vietnam exported $939M to New Zealand. The main products that Vietnam exported to New Zealand were Broadcasting Equipment ($220M), Video Displays ($54.6M), and Textile Footwear ($40.2M). Over the past 5 years the exports of Vietnam to New Zealand have increased at an annualized rate of 7.97%, from $640M in 2018 to $939M in 2023.

In 2023, Vietnam did not export any services to New Zealand.

New Zealand-Vietnam Trade: In 2023, New Zealand exported $576M to Vietnam. The main products that New Zealand exported to Vietnam were Concentrated Milk ($210M), Apples and Pears ($88.3M), and Butter ($53.6M). Over the past 5 years the exports of New Zealand to Vietnam have increased at an annualized rate of 1.4%,  from $537M in 2018 to $576M in 2023.

In 2018, New Zealand exported services to Vietnam worth $289M, with Travel ($269M), Other business services ($13.1M), and Government services, n.i.e. ($6.22M) being the largest in terms of value.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $939M to New Zealand. The main products exported from Vietnam to New Zealand were Broadcasting Equipment ($220M), Video Displays ($54.6M), and Textile Footwear ($40.2M). During the last 5 years the exports of Vietnam to New Zealand have increased at an annualized rate of 7.97%, from $640M in 2018 to $939M in 2023.

In 2018, New Zealand exported $576M to Vietnam. The main products exported from New Zealand to Vietnam were Concentrated Milk ($210M), Apples and Pears ($88.3M), and Butter ($53.6M). During the last 5 years the exports of New Zealand to Vietnam have increased at an annualized rate of 1.4%, from $537M in 2023 to $576M in 2018.

Exports from Vietnam (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Vietnam (Flag) (2023)

Latest Data

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

New Zealand Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Vietnam than New Zealand included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from New Zealand than Vietnam included South Korea ($1.37B), Algeria ($599M), and Fiji ($433M).

Difference in imports from New Zealand (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - New Zealand

Flow
Scale

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

During 2023, Vietnam had a large net trade with New Zealand in the exports of Machines ($465M), Footwear and Headwear ($93.8M), and Textiles ($83.7M).

During 2018, New Zealand had a large net trade with Vietnam in the exports of Animal Products ($332M), Vegetable Products ($122M), and Foodstuffs ($38.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam New Zealand+$50.9MTelephones
Top Product Potential New Zealand Vietnam+$5.02MMalt Extract

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

In 2018, New Zealand exported services to Vietnam worth $289M, with Travel ($269M), Other business services ($13.1M), and Government services, n.i.e. ($6.22M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Vietnam (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Vietnam and New Zealand. This means that a dot/product with the flag of Vietnam 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 Vietnam.

Product Space of Vietnam (Flag) and New Zealand (Flag) (2023)

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