2023
Exports
$203MWorld Rnk 60 / 214
Flag Rnk 36 / 1166
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1BWorld Rnk 58 / 226
Flag Rnk 6 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $203M in Packaged Medicaments, making it the 60th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 36th most exported product in New Zealand. The main destination of Packaged Medicaments exports from New Zealand are: Australia ($64.4M), United States ($20.4M), Brazil ($13.2M), South Africa ($7.9M), and Hong Kong ($7.9M).

The fastest growing export markets for Packaged Medicaments of New Zealand between 2022 and 2023 were Brazil ($8.91M), Italy ($2.44M), and Hong Kong ($2.42M).

Imports In 2023, New Zealand imported $1B in Packaged Medicaments, becoming the 58th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in New Zealand. New Zealand imports Packaged Medicaments primarily from: Australia ($210M), Germany ($108M), United Kingdom ($101M), Ireland ($94.9M), and United States ($92.8M).

The fastest growing import markets in Packaged Medicaments for New Zealand between 2022 and 2023 were United Kingdom ($60.2M), Australia ($21.1M), and Ireland ($16.1M).

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 Packaged Medicaments. 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)$203M
IMPORTS (2023)$1B
NET TRADE (2023)-$799M

In 2023, New Zealand exported $203M in Packaged Medicaments. The main destinations of New Zealand exports on Packaged Medicaments were Australia ($64.4M), United States ($20.4M), Brazil ($13.2M), South Africa ($7.9M), and Hong Kong ($7.9M).

In 2023, New Zealand imported $1B in Packaged Medicaments, mainly from Australia ($210M), Germany ($108M), United Kingdom ($101M), Ireland ($94.9M), and United States ($92.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
Brazil$8.91M (210%)
Italy$2.44M (132%)
Hong Kong$2.42M (44.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY New Zealand WERE (2022 - 2023):
United States-$16.4M (-44.6%)
United Arab Emirates-$4.59M (-67.2%)
Norway-$2.6M (-52.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, New Zealand's main exporting competitors in Packaged Medicaments were:
In 2023, New Zealand's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34M
TOP IMPORT POTENTIALIndia+ $38.7M

Packaged Medicaments’s highest export potential is United States. With an export gap of $34M.   Packaged Medicaments’s highest import potential is India with an import gap of $38.7M.

See methodology.

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