HS Icon Metalworking Machines in  Flag New Zealand

2019
Exports | Imports
: $1.13M | $5.01M, World Rnk 47 / 148
Flag Rnk 563 / 1171 | World Rnk 53 / 216
Flag Rnk 596 / 1199

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $463k | $343k, Canada |  Australia

2019
ECONOMIC COMPLEXITY of New Zealand
: 0.44, Rnk 50 / 147

2019
PRODUCT COMPLEXITY  IN Metalworking Machines
: 2.06, Rnk 5 / 1029

Exports: In 2019, New Zealand exported $1.13M in Metalworking Machines, making it the 47th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 563rd most exported product in New Zealand. The main destination of Metalworking Machines exports from New Zealand are: Canada ($463k), United States ($406k), Australia ($127k), Fiji ($39.2k), and United Kingdom ($24.6k).

The fastest growing export markets for Metalworking Machines of New Zealand between 2018 and 2019 were Canada ($463k), United States ($302k), and United Kingdom ($24.6k).

Imports: In 2019, New Zealand imported $5.01M in Metalworking Machines, becoming the 53rd largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 596th most imported product in New Zealand. New Zealand imports Metalworking Machines primarily from: Italy ($1.25M), Australia ($1.1M), Chinese Taipei ($727k), China ($630k), and Germany ($252k).

The fastest growing import markets in Metalworking Machines for New Zealand between 2018 and 2019 were Australia ($343k), Sweden ($173k), and Germany ($119k).

Tariffs: In 2017, the average tariff for New Zealand in Metalworking Machines was 3.62%. The countries with the highest import tariffs for Metalworking Machines were Botswana (Most Favoured Nation duty rate treatement, 5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5%), Cameroon (Most Favoured Nation duty rate treatement, 5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 5%), and Algeria (Most Favoured Nation duty rate treatement, 5%).

Historical Data

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Value

EXPORTS (2019): $1.13M

IMPORTS (2019): $5.01M

NET TRADE (2019): -$3.88M

In 2019, New Zealand exported $1.13M in Metalworking Machines. The main destinations of New Zealand exports on Metalworking Machines were Canada ($463k), United States ($406k), Australia ($127k), Fiji ($39.2k), and United Kingdom ($24.6k).

In 2019, New Zealand imported $5.01M in Metalworking Machines, mainly from Italy ($1.25M), Australia ($1.1M), Chinese Taipei ($727k), China ($630k), and Germany ($252k).

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IN 2019, New Zealand HAD A POSITIVE NET TRADE IN Metalworking Machines WITH:

IN 2019, New Zealand HAD A NEGATIVE NET TRADE IN Metalworking Machines WITH:

Flow

THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR New Zealand WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY New Zealand WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, New Zealand's main exporting competitors in Metalworking Machines were:

In 2018, New Zealand's main importing competitors in Metalworking Machines were:

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Tariffs by Country

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In 2017, the average tariff for New Zealand in Metalworking Machines was 3.62%.

The countries with the highest tariffs for Metalworking Machines in New Zealand were Botswana (Most Favoured Nation duty rate treatement, 5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5%), Cameroon (Most Favoured Nation duty rate treatement, 5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 5%), and Algeria (Most Favoured Nation duty rate treatement, 5%).