2023
Exports
$46MWorld Rnk 58 / 199
Flag Rnk 105 / 1166
2023
PRODUCT COMPLEXITY IN Gas Turbines
0.7Rnk 283 / 1025
2023
Imports
$1.53BWorld Rnk 25 / 210
Flag Rnk 3 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $46M in Gas Turbines, making it the 58th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 105th most exported product in New Zealand. The main destination of Gas Turbines exports from New Zealand are: Hong Kong ($13.4M), United States ($7.83M), Colombia ($6.54M), Australia ($5.02M), and Canada ($2.55M).

The fastest growing export markets for Gas Turbines of New Zealand between 2022 and 2023 were Hong Kong ($12.7M), Colombia ($4.73M), and Czechia ($2.27M).

Imports In 2023, New Zealand imported $1.53B in Gas Turbines, becoming the 25th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 3rd most imported product in New Zealand. New Zealand imports Gas Turbines primarily from: United States ($644M), Singapore ($272M), United Kingdom ($196M), Germany ($139M), and Japan ($71.3M).

The fastest growing import markets in Gas Turbines for New Zealand between 2022 and 2023 were United States ($128M), United Kingdom ($60.7M), and Germany ($44.4M).

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 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 (2023)$46M
IMPORTS (2023)$1.53B
NET TRADE (2023)-$1.48B

In 2023, New Zealand exported $46M in Gas Turbines. The main destinations of New Zealand exports on Gas Turbines were Hong Kong ($13.4M), United States ($7.83M), Colombia ($6.54M), Australia ($5.02M), and Canada ($2.55M).

In 2023, New Zealand imported $1.53B in Gas Turbines, mainly from United States ($644M), Singapore ($272M), United Kingdom ($196M), Germany ($139M), and Japan ($71.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
Hong Kong$12.7M (1.93k%)
Colombia$4.73M (263%)
Czechia$2.27M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY New Zealand WERE (2022 - 2023):
India-$15.9M (-100%)
Singapore-$8.78M (-82.6%)
United States-$4.99M (-38.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, New Zealand's main exporting competitors in Gas Turbines were:
In 2023, 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
View
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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