2022
Exports
$47.6MWorld Rnk 57 / 192
Flag Rnk 104 / 1168
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$1.28BWorld Rnk 24 / 207
Flag Rnk 4 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $47.6M in Gas Turbines, making it the 57th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 104th most exported product in New Zealand. The main destination of Gas Turbines exports from New Zealand are: India ($15.9M), Singapore ($7.28M), United States ($5.87M), Australia ($5.08M), and Canada ($3.97M).

The fastest growing export markets for Gas Turbines of New Zealand between 2021 and 2022 were India ($15.9M), Singapore ($4.99M), and Belgium ($3.09M).

Imports In 2022, New Zealand imported $1.28B in Gas Turbines, becoming the 24th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 4th most imported product in New Zealand. New Zealand imports Gas Turbines primarily from: Singapore ($600M), United States ($319M), United Kingdom ($108M), Netherlands ($62.3M), and Japan ($38M).

The fastest growing import markets in Gas Turbines for New Zealand between 2021 and 2022 were United States ($229M), Singapore ($207M), and United Kingdom ($71.7M).

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 Gas Turbines. 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)$47.6M
IMPORTS (2022)$1.28B
NET TRADE (2022)-$1.23B

In 2022, New Zealand exported $47.6M in Gas Turbines. The main destinations of New Zealand exports on Gas Turbines were India ($15.9M), Singapore ($7.28M), United States ($5.87M), Australia ($5.08M), and Canada ($3.97M).

In 2022, New Zealand imported $1.28B in Gas Turbines, mainly from Singapore ($600M), United States ($319M), United Kingdom ($108M), Netherlands ($62.3M), and Japan ($38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
India$15.9M (1%)
Singapore$4.99M (218%)
Belgium$3.09M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY New Zealand WERE (2021 - 2022):
Hong Kong-$28.9M (-97.8%)
United Kingdom-$13.3M (-98.6%)
Colombia-$9.7M (-84.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Gas Turbines were:
In 2022, New Zealand's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $9.61M
TOP IMPORT POTENTIALChina+ $14M

Gas Turbines’s highest export potential is United States. With an export gap of $9.61M.   Gas Turbines’s highest import potential is China with an import gap of $14M.

See methodology.

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