South Africa (ZAF) and New Zealand (NZL) Trade

2022

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Exports $98.5MRnk 73 / 214

2022

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About

South Africa-New Zealand Trade: In 2022, South Africa exported $98.5M to New Zealand. The main products that South Africa exported to New Zealand were Cars ($15M), Kraft Paper ($11.8M), and Other Processed Fruits and Nuts ($8.42M). Over the past 5 years the exports of South Africa to New Zealand have decreased at an annualized rate of 3.07%, from $115M in 2017 to $98.5M in 2022.

In 2022, South Africa did not export any services to New Zealand.

New Zealand-South Africa Trade: In 2022, New Zealand exported $135M to South Africa. The main products that New Zealand exported to South Africa were Non-fillet Frozen Fish ($14.8M), Slag Dross ($13.3M), and Casein ($12.4M). Over the past 5 years the exports of New Zealand to South Africa have decreased at an annualized rate of 5.22%, from $176M in 2017 to $135M in 2022.

In 2018, New Zealand exported services to South Africa worth $256M, with Travel ($226M), Government services, n.i.e. ($23.5M), and Royalties and license fees ($2.76M) being the largest in terms of value.

Comparison: In 2022, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

July, 2024

About

Overview In July 2024, South Africa exported ZAR138M and imported ZAR173M from New Zealand, resulting in a negative trade balance of ZAR35.5M. Between July 2023 and July 2024 the exports of South Africa have decreased by ZAR-116M (-45.6%) from ZAR254M to ZAR138M, while imports increased by ZAR47.7M (37.9%) from ZAR126M to ZAR173M.

Trade In July 2024, the top exports of South Africa to New Zealand were Calcium Phosphates (ZAR36M), Kraft Paper (ZAR13.7M), Traffic Signals (ZAR5.04M), Utility Meters (ZAR3.7M), and Tufted Carpets (ZAR3.62M). In July 2024 the top imports of South Africa from New Zealand were Non-fillet Frozen Fish (ZAR35.9M), Sowing Seeds (ZAR21.8M), Casein (ZAR16.6M), Cheese (ZAR14.4M), and Concentrated Milk (ZAR12.8M).

Origins In July 2024 the exports of South Africa were mainly from Pretoria (ZAR33.2M), Cape Town (ZAR25.6M), Saldanha Bay (ZAR23.1M), Germiston/Alberton (ZAR20.1M), and Durban (ZAR19.7M), while imports destinations were mainly Durban (ZAR99.2M), O.R. Tambo Int Airport (ZAR32.1M), Cape Town (ZAR22.8M), Cape Town Int Airport (ZAR12.2M), and Port Elizabeth (ZAR5.45M).

Growth In July 2024, the decrease in South Africa's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Cars (ZAR-14.2M or -92.5%), Wine (ZAR-6.7M or -83.9%), and Other Processed Fruits and Nuts (ZAR-5.82M or -82.1%). In July 2024, the increase in South Africa's year-by-year imports from New Zealand was explained primarily by an increase in product imports in Concentrated Milk (ZAR10.2M or 388%), Harvesting Machinery (ZAR10.1M or 687%), and Non-fillet Frozen Fish (ZAR6.43M or 21.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (July 2023 - July 2024)ZAR-116M(-45.6%)

IMPORT GROWTH (July 2023 - July 2024)ZAR47.7M(37.9%)

MAIN EXPORTER (July 2024)PretoriaZAR33.2M

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

To check New Zealand and South Africa 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, South Africa exported $98.5M to New Zealand. The main products exported from South Africa to New Zealand were Cars ($15M), Kraft Paper ($11.8M), and Other Processed Fruits and Nuts ($8.42M). During the last 5 years the exports of South Africa to New Zealand have decreased at an annualized rate of 3.07%, from $115M in 2017 to $98.5M in 2022.

In 2017, New Zealand exported $135M to South Africa. The main products exported from New Zealand to South Africa were Non-fillet Frozen Fish ($14.8M), Slag Dross ($13.3M), and Casein ($12.4M). During the last 5 years the exports of New Zealand to South Africa have decreased at an annualized rate of 5.22%, from $176M in 2022 to $135M in 2017.

Exports from South Africa () to New Zealand () (2022)

Exports from New Zealand () to South Africa () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Africa
Top DestinationChina$23.4B

New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from South Africa than New Zealand included China ($23.4B), Germany ($9.96B), and India ($9.14B).

In 2022, countries that imported more from New Zealand than South Africa included Australia ($5.35B), Indonesia ($1.33B), and Philippines ($590M).

Difference in imports from New Zealand () and South Africa () (2022)

Comparative Advantage South Africa - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Africa had a large net trade with New Zealand in the exports of Transportation ($19.9M), Foodstuffs ($17.3M), and Chemical Products ($13.3M).

During 2017, New Zealand had a large net trade with South Africa in the exports of Animal Products ($47.2M), Chemical Products ($24.1M), and Machines ($16.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential South Africa New Zealand+$20.2MCars

Top Product Potential New Zealand South Africa+$3.83MConcentrated Milk

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

Service trade data is presented based on availability.

Services Exports from New Zealand () to South Africa () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of South Africa () and New Zealand () (2022)

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