2023
Exports
$2.54BWorld Rnk 1 / 146
Flag Rnk 2 / 1166
2023
PRODUCT COMPLEXITY IN Butter
0.079Rnk 528 / 1025
2023
Imports
$3.69MWorld Rnk 101 / 224
Flag Rnk 670 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $2.54B in Butter, making it the 1st largest exporter of Butter in the world. At the same year, Butter was the 2nd most exported product in New Zealand. The main destination of Butter exports from New Zealand are: China ($675M), Australia ($217M), Saudi Arabia ($169M), United States ($142M), and Philippines ($122M).

The fastest growing export markets for Butter of New Zealand between 2022 and 2023 were United States ($48.9M), Saudi Arabia ($34.6M), and Mexico ($28M).

Imports In 2023, New Zealand imported $3.69M in Butter, becoming the 101st largest importer of Butter in the world. At the same year, Butter was the 670th most imported product in New Zealand. New Zealand imports Butter primarily from: India ($1.82M), Denmark ($793k), Australia ($680k), France ($187k), and Fiji ($80.3k).

The fastest growing import markets in Butter for New Zealand between 2022 and 2023 were Australia ($192k), France ($187k), and Denmark ($150k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Butter. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.54B
IMPORTS (2023)$3.69M
NET TRADE (2023)$2.53B

In 2023, New Zealand exported $2.54B in Butter. The main destinations of New Zealand exports on Butter were China ($675M), Australia ($217M), Saudi Arabia ($169M), United States ($142M), and Philippines ($122M).

In 2023, New Zealand imported $3.69M in Butter, mainly from India ($1.82M), Denmark ($793k), Australia ($680k), France ($187k), and Fiji ($80.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
United States$48.9M (52.4%)
Saudi Arabia$34.6M (25.7%)
Mexico$28M (44.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY New Zealand WERE (2022 - 2023):
China-$103M (-13.3%)
Egypt-$60.5M (-54.8%)
Denmark-$53M (-69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, New Zealand's main exporting competitors in Butter were:
In 2023, New Zealand's main importing competitors in Butter were:

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALBelgium+ $163k

Butter’s highest export potential is United States. With an export gap of $13.8M.   Butter’s highest import potential is Belgium with an import gap of $163k.

See methodology.

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