Refined Petroleum in New Zealand 2021 Exports | Imports : $164M | $1.75B, World Rnk 90 / 218 Rnk 56 / 1169 | World Rnk 79 / 226 Rnk 2 / 1198
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $88.4M | $287M, Singapore | South Korea
2021 ECONOMIC COMPLEXITY of New Zealand: 0.46, Rnk 46 / 131
2021 PRODUCT COMPLEXITY IN Refined Petroleum: -0.92, Rnk 817 / 1029
Exports In 2021, New Zealand exported $164M in Refined Petroleum, making it the 90th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 56th most exported product in New Zealand. The main destination of Refined Petroleum exports from New Zealand are: Singapore ($92.1M), Australia ($47M), Cook Islands ($7.92M), Malaysia ($5.52M), and Niue ($2.84M).
The fastest growing export markets for Refined Petroleum of New Zealand between 2020 and 2021 were Singapore ($88.4M), Australia ($43.8M), and Malaysia ($5.52M).
Imports In 2021, New Zealand imported $1.75B in Refined Petroleum, becoming the 79th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in New Zealand. New Zealand imports Refined Petroleum primarily from: South Korea ($882M), Singapore ($588M), Japan ($78.3M), Brunei ($70.7M), and Australia ($38.7M).
The fastest growing import markets in Refined Petroleum for New Zealand between 2020 and 2021 were South Korea ($287M), Singapore ($96.1M), and Brunei ($35.2M).
Tariffs In 2017, the average tariff for New Zealand in Refined Petroleum was 0.65%. The countries with the highest import tariffs for Refined Petroleum were Botswana (Most Favoured Nation duty rate treatment, 0.9%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 0.9%), Cameroon (Most Favoured Nation duty rate treatment, 0.9%), Republic of the Congo (Most Favoured Nation duty rate treatment, 0.9%), and Algeria (Most Favoured Nation duty rate treatment, 0.9%).
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.
EXPORTS (2021): $164M
IMPORTS (2021): $1.75B
NET TRADE (2021): -$1.58B
In 2021, New Zealand exported $164M in Refined Petroleum. The main destinations of New Zealand exports on Refined Petroleum were Singapore ($92.1M), Australia ($47M), Cook Islands ($7.92M), Malaysia ($5.52M), and Niue ($2.84M).
In 2021, New Zealand imported $1.75B in Refined Petroleum, mainly from South Korea ($882M), Singapore ($588M), Japan ($78.3M), Brunei ($70.7M), and Australia ($38.7M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR New Zealand WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY New Zealand WERE (2020 - 2021):
In 2021, New Zealand's main exporting competitors in Refined Petroleum were:
In 2021, New Zealand's main importing competitors in Refined Petroleum were:
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