Refined Petroleum in New Zealand

EXPORTS (2018): $57.8M, World Rnk 105 / 198
Flag Rnk 88 / 1137

TOP DESTINATION (2018): $28.7M, Singapore

FASTEST GROWING MARKET (2017 - 2018): $11.2M, Singapore

IMPORTS (2018): $2.15B, World Rnk 64 / 221
Flag Rnk 3 / 1191

TOP ORIGIN (2018): $909M, Singapore

FASTEST GROWING ORIGIN (2017 - 2018): $427M, South Korea

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

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

Exports: In 2018, New Zealand exported $57.8M in Refined Petroleum, making it the 105th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 88th most exported product in New Zealand. The main destination of Refined Petroleum exports from New Zealand are: Singapore ($28.7M), Australia ($8.74M), Cook Islands ($6.81M), Thailand ($3.66M), and Niue ($2.57M).

The fastest growing export markets for Refined Petroleum of New Zealand between 2017 and 2018 were Singapore ($11.2M), Thailand ($3.66M), and Cook Islands ($1.28M).

Imports: In 2018, New Zealand imported $2.15B in Refined Petroleum, becoming the 64th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in New Zealand. New Zealand imports Refined Petroleum primarily from: Singapore ($909M), South Korea ($867M), Japan ($233M), Australia ($59.5M), and Malaysia ($18.4M).

The fastest growing import markets in Refined Petroleum for New Zealand between 2017 and 2018 were South Korea ($427M), Singapore ($154M), and Japan ($153M).

Tariffs: In 2017, the average tariff for New Zealand in Refined Petroleum was 0.65%. The countries with the highest import tariffs for Refined Petroleum were Botswana (0.9%), Cote d'Ivoire (0.9%), Cameroon (0.9%), Republic of the Congo (0.9%), and Algeria (0.9%).

Value

EXPORTS (2018): $57.8M

IMPORTS (2018): $2.15B

NET TRADE (2018): -$2.09B

In 2018, New Zealand exported $57.8M in Refined Petroleum. The main destinations of New Zealand exports on Refined Petroleum were Singapore ($28.7M), Australia ($8.74M), Cook Islands ($6.81M), Thailand ($3.66M), and Niue ($2.57M).

In 2018, New Zealand imported $2.15B in Refined Petroleum, mainly from Singapore ($909M), South Korea ($867M), Japan ($233M), Australia ($59.5M), and Malaysia ($18.4M).

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

  • Cook Islands, $6.81M ($6.81M - $0)
  • Niue, $2.57M ($2.57M - $0)
  • Marshall Islands, $1.29M ($1.29M - $0)

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

  • Singapore, -$880M ($28.7M - $909M)
  • South Korea, -$867M ($6.52k - $867M)
  • Japan, -$233M ($2.01k - $233M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR New Zealand WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined 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 average tariff for New Zealand in Refined Petroleum was 0.65%.

The countries with the highest tariffs for Refined Petroleum in New Zealand were Botswana (0.9%), Cote d'Ivoire (0.9%), Cameroon (0.9%), Republic of the Congo (0.9%), and Algeria (0.9%).

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