2022
Exports
$11MWorld Rnk 54 / 213
Flag Rnk 233 / 1168
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$50.9MWorld Rnk 56 / 225
Flag Rnk 192 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $11M in Interchangeable Tool Parts, making it the 54th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 233rd most exported product in New Zealand. The main destination of Interchangeable Tool Parts exports from New Zealand are: Australia ($6.6M), New Zealand ($1.09M), United States ($685k), Thailand ($444k), and Belgium ($329k).

The fastest growing export markets for Interchangeable Tool Parts of New Zealand between 2021 and 2022 were New Zealand ($943k), Thailand ($317k), and Papua New Guinea ($270k).

Imports In 2022, New Zealand imported $50.9M in Interchangeable Tool Parts, becoming the 56th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 192nd most imported product in New Zealand. New Zealand imports Interchangeable Tool Parts primarily from: China ($15.2M), Australia ($10.2M), United States ($7.8M), Germany ($4.82M), and Chinese Taipei ($1.5M).

The fastest growing import markets in Interchangeable Tool Parts for New Zealand between 2021 and 2022 were China ($1.35M), New Zealand ($943k), and United States ($808k).

Latest Trends

Oct 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 Interchangeable Tool Parts. 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)$11M
IMPORTS (2022)$50.9M
NET TRADE (2022)-$39.9M

In 2022, New Zealand exported $11M in Interchangeable Tool Parts. The main destinations of New Zealand exports on Interchangeable Tool Parts were Australia ($6.6M), New Zealand ($1.09M), United States ($685k), Thailand ($444k), and Belgium ($329k).

In 2022, New Zealand imported $50.9M in Interchangeable Tool Parts, mainly from China ($15.2M), Australia ($10.2M), United States ($7.8M), Germany ($4.82M), and Chinese Taipei ($1.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
New Zealand$943k (632%)
Thailand$317k (250%)
Papua New Guinea$270k (678%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY New Zealand WERE (2021 - 2022):
Australia-$11.2M (-62.9%)
China-$707k (-93.2%)
Malaysia-$538k (-71.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Interchangeable Tool Parts were:
In 2022, New Zealand's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $968k
TOP IMPORT POTENTIALChina+ $3.01M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $968k.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $3.01M.

See methodology.

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