Crude Petroleum in New Zealand

EXPORTS (2018): $422M, World Rnk 54 / 120
Flag Rnk 18 / 1137

TOP DESTINATION (2018): $300M, Australia

FASTEST GROWING MARKET (2017 - 2018): $10.5M, Malaysia

IMPORTS (2018): $2.47B, World Rnk 45 / 148
Flag Rnk 2 / 1191

TOP ORIGIN (2018): $1.65B, United Arab Emirates

FASTEST GROWING ORIGIN (2017 - 2018): $458M, United Arab Emirates

ECONOMIC COMPLEXITY of New Zealand (2018): 0.46, Rnk 49 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in New Zealand.

Exports: In 2018, New Zealand exported $422M in Crude Petroleum, making it the 54th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 18th most exported product in New Zealand. The main destination of Crude Petroleum exports from New Zealand are: Australia ($300M), Singapore ($95.2M), South Korea ($16.5M), Malaysia ($10.5M), and Cook Islands ($11k).

The fastest growing export markets for Crude Petroleum of New Zealand between 2017 and 2018 were Malaysia ($10.5M).

Imports: In 2018, New Zealand imported $2.47B in Crude Petroleum, becoming the 45th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in New Zealand. New Zealand imports Crude Petroleum primarily from: United Arab Emirates ($1.65B), Malaysia ($497M), Saudi Arabia ($186M), Australia ($38.1M), and Russia ($31.8M).

The fastest growing import markets in Crude Petroleum for New Zealand between 2017 and 2018 were United Arab Emirates ($458M), Malaysia ($132M), and Saudi Arabia ($88.2M).

Value

EXPORTS (2018): $422M

IMPORTS (2018): $2.47B

NET TRADE (2018): -$2.05B

In 2018, New Zealand exported $422M in Crude Petroleum. The main destinations of New Zealand exports on Crude Petroleum were Australia ($300M), Singapore ($95.2M), South Korea ($16.5M), Malaysia ($10.5M), and Cook Islands ($11k).

In 2018, New Zealand imported $2.47B in Crude Petroleum, mainly from United Arab Emirates ($1.65B), Malaysia ($497M), Saudi Arabia ($186M), Australia ($38.1M), and Russia ($31.8M).

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IN 2018, New Zealand HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • Australia, $262M ($300M - $38.1M)
  • Singapore, $88.6M ($95.2M - $6.59M)
  • South Korea, $16.4M ($16.5M - $67.4k)

IN 2018, New Zealand HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • United Arab Emirates, -$1.65B ($0 - $1.65B)
  • Malaysia, -$486M ($10.5M - $497M)
  • Saudi Arabia, -$186M ($0 - $186M)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR New Zealand WERE (2017 - 2018):: Malaysia, $10.5M (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY New Zealand WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, New Zealand's main exporting competitors in Crude Petroleum were:

In 2018, New Zealand's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in New Zealand. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the tariffs for Crude Petroleum in the imports of New Zealand were of 0% around the world.

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