2021
Exports | Imports
$543M | $1.72BWorld Rnk 47 / 147
Flag Rnk 19 / 1169
World Rnk 43 / 163
Flag Rnk 3 / 1198
2021
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 46 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, New Zealand exported $543M in Crude Petroleum, making it the 47th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 19th most exported product in New Zealand. The main destination of Crude Petroleum exports from New Zealand are: Australia ($355M), United States ($115M), China ($30.4M), Singapore ($19.9M), and Thailand ($12M).

The fastest growing export markets for Crude Petroleum of New Zealand between 2020 and 2021 were Australia ($158M), United States ($102M), and China ($30.4M).

Imports In 2021, New Zealand imported $1.72B in Crude Petroleum, becoming the 43rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in New Zealand. New Zealand imports Crude Petroleum primarily from: United Arab Emirates ($1.43B), Malaysia ($136M), Singapore ($42M), Russia ($40.3M), and Kuwait ($39.4M).

The fastest growing import markets in Crude Petroleum for New Zealand between 2020 and 2021 were United Arab Emirates ($652M), Singapore ($41.9M), and Kuwait ($39.4M).

Latest Trends

Dec 2023

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 Crude Petroleum. 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 (2021)$543M
IMPORTS (2021)$1.72B
NET TRADE (2021)-$1.18B

In 2021, New Zealand exported $543M in Crude Petroleum. The main destinations of New Zealand exports on Crude Petroleum were Australia ($355M), United States ($115M), China ($30.4M), Singapore ($19.9M), and Thailand ($12M).

In 2021, New Zealand imported $1.72B in Crude Petroleum, mainly from United Arab Emirates ($1.43B), Malaysia ($136M), Singapore ($42M), Russia ($40.3M), and Kuwait ($39.4M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR New Zealand WERE (2020 - 2021):
Australia$158M (80.1%)
United States$102M (743%)
China$30.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY New Zealand WERE (2020 - 2021):
Malaysia-$4.77M (-100%)
Fiji-$4.48k (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, New Zealand's main exporting competitors in Crude Petroleum were:
In 2021, New Zealand's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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