2022
Exports
$164MWorld Rnk 10 / 152
Flag Rnk 41 / 1168
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$2.95MWorld Rnk 108 / 219
Flag Rnk 739 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $164M in Fermented Milk Products, making it the 10th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 41st most exported product in New Zealand. The main destination of Fermented Milk Products exports from New Zealand are: Philippines ($45M), Thailand ($29.3M), Malaysia ($16.8M), Nigeria ($13.9M), and Australia ($11.5M).

The fastest growing export markets for Fermented Milk Products of New Zealand between 2021 and 2022 were Nigeria ($9.58M), Thailand ($8.91M), and Australia ($7.71M).

Imports In 2022, New Zealand imported $2.95M in Fermented Milk Products, becoming the 108th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 739th most imported product in New Zealand. New Zealand imports Fermented Milk Products primarily from: Australia ($2.4M), China ($152k), South Korea ($96.9k), United States ($78.5k), and India ($63.3k).

The fastest growing import markets in Fermented Milk Products for New Zealand between 2021 and 2022 were Australia ($1.12M), China ($87.1k), and United States ($22.7k).

Latest Trends

Aug 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 Fermented Milk Products. 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 (2022)$164M
IMPORTS (2022)$2.95M
NET TRADE (2022)$162M

In 2022, New Zealand exported $164M in Fermented Milk Products. The main destinations of New Zealand exports on Fermented Milk Products were Philippines ($45M), Thailand ($29.3M), Malaysia ($16.8M), Nigeria ($13.9M), and Australia ($11.5M).

In 2022, New Zealand imported $2.95M in Fermented Milk Products, mainly from Australia ($2.4M), China ($152k), South Korea ($96.9k), United States ($78.5k), and India ($63.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Nigeria$9.58M (222%)
Thailand$8.91M (43.7%)
Australia$7.71M (201%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY New Zealand WERE (2021 - 2022):
Yemen-$2.68M (-100%)
Indonesia-$2M (-22.1%)
China-$1.39M (-19.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Fermented Milk Products were:
In 2022, New Zealand's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.3M
TOP IMPORT POTENTIALGermany+ $89.3k

Fermented Milk Products’s highest export potential is China. With an export gap of $1.3M.   Fermented Milk Products’s highest import potential is Germany with an import gap of $89.3k.

See methodology.

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