2023
Exports
$23MWorld Rnk 137 / 214
Flag Rnk 159 / 1166
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$6.99BWorld Rnk 35 / 226
Flag Rnk 1 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $23M in Refined Petroleum, making it the 137th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 159th most exported product in New Zealand. The main destination of Refined Petroleum exports from New Zealand are: Cook Islands ($10.9M), Niue ($3.72M), Australia ($1.58M), Pitcairn Islands ($1.25M), and Vanuatu ($921k).

The fastest growing export markets for Refined Petroleum of New Zealand between 2022 and 2023 were Cook Islands ($2.62M), Pitcairn Islands ($731k), and Tonga ($451k).

Imports In 2023, New Zealand imported $6.99B in Refined Petroleum, becoming the 35th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in New Zealand. New Zealand imports Refined Petroleum primarily from: South Korea ($2.77B), Singapore ($2.33B), Malaysia ($1.05B), Japan ($479M), and China ($160M).

The fastest growing import markets in Refined Petroleum for New Zealand between 2022 and 2023 were South Korea ($962M), Malaysia ($586M), and Singapore ($424M).

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 Refined Petroleum. 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)$23M
IMPORTS (2023)$6.99B
NET TRADE (2023)-$6.97B

In 2023, New Zealand exported $23M in Refined Petroleum. The main destinations of New Zealand exports on Refined Petroleum were Cook Islands ($10.9M), Niue ($3.72M), Australia ($1.58M), Pitcairn Islands ($1.25M), and Vanuatu ($921k).

In 2023, New Zealand imported $6.99B in Refined Petroleum, mainly from South Korea ($2.77B), Singapore ($2.33B), Malaysia ($1.05B), Japan ($479M), and China ($160M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
Cook Islands$2.62M (31.7%)
Pitcairn Islands$731k (141%)
Tonga$451k (623%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY New Zealand WERE (2022 - 2023):
Singapore-$43.4M (-99.2%)
Australia-$8.71M (-84.7%)
Malaysia-$2.49M (-98.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $11.1M
TOP IMPORT POTENTIALIndia+ $117M

Refined Petroleum’s highest export potential is Singapore. With an export gap of $11.1M.   Refined Petroleum’s highest import potential is India with an import gap of $117M.

See methodology.

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