Overview In 2022, New Zealand was the number 50 economy in the world in terms of GDP (current US$), the number 64 in total exports, the number 61 in total imports, the number 22 economy in terms of GDP per capita (current US$) and the number 45 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of New Zealand are Concentrated Milk ($6.99B), Sheep and Goat Meat ($2.79B), Butter ($2.78B), Frozen Bovine Meat ($2.71B), and Rough Wood ($2.3B), exporting mostly to China ($13.1B), Australia ($5.35B), United States ($5.07B), Japan ($2.75B), and South Korea ($1.69B).

In 2022, New Zealand was the world's biggest exporter of Concentrated Milk ($6.99B), Butter ($2.78B), Rough Wood ($2.3B), Casein ($1.18B), and Honey ($273M)

Imports The top imports of New Zealand are Refined Petroleum ($5.4B), Cars ($3.94B), Delivery Trucks ($1.32B), Gas Turbines ($1.28B), and Broadcasting Equipment ($1.2B), importing mostly from China ($11B), Australia ($7.3B), United States ($3.96B), South Korea ($3.45B), and Singapore ($3.3B).

Location New Zealand borders Australia, Fiji, Tonga, and Norfolk Island by sea.

Latest Trends

Latest Trade


The following section uses the most recent trade data from partners of New Zealand.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data


The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Top Export (2022)Concentrated Milk$6.99B
Top Destination (2022)China$13.1B

In 2022, New Zealand exported a total of $46.5B, making it the number 64 exporter in the world. During the last five reported years the exports of New Zealand have changed by $7.08B from $39.5B in 2017 to $46.5B in 2022.

The most recent exports are led by Concentrated Milk ($6.99B), Sheep and Goat Meat ($2.79B), Butter ($2.78B), Frozen Bovine Meat ($2.71B), and Rough Wood ($2.3B). The most common destination for the exports of New Zealand are China ($13.1B), Australia ($5.35B), United States ($5.07B), Japan ($2.75B), and South Korea ($1.69B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Fastest Growing Export Markets (2021 - 2022)
Indonesia$395M (+ 42.3%)
Algeria$322M (+ 165%)
South Korea$260M (+ 18.2%)
Fastest Growing Import Markets (2021 - 2022)
Singapore$1.55B (+ 88.7%)
South Korea$1.34B (+ 63.6%)
China$733M (+ 7.11%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

New Zealand Exports Services (2019)$17.2B
New Zealand Imports Services (2019)$15.3B

In 2019, New Zealand exported $17.2B worth of services. The top services exported by New Zealand in 2019 were Personal travel ($9.69B), Transportation ($2.28B), Other business services ($1.39B), Computer and information services ($916M), and Business travel ($857M).

The top services imported by New Zealand in 2019 were Personal travel ($3.65B), Transportation ($3.32B), Other business services ($2.84B), Insurance services ($1.41B), and Computer and information services ($1.4B).

Service Exports (2019)

Service Imports (2019)

Economic Complexity


Economic Complexity (Trade)0.46Rank 45 of 133
Economic Complexity (Technology)0.73Rank 33 of 96
Economic Complexity (Research)1.62Rank 18 of 135

Most Specialized Products by RCA Index

New Zealand has a high level of specialization in Casein (155), Sheep and Goat Meat (150), Concentrated Milk (129), Butter (118), and Other Meat (79.8). Specialization is measured using RCA, an index that takes the ratio between New Zealand observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for New Zealand according to the relatedness index, were Mate (0.2), Gold (0.19), Fish: dried, salted, smoked or in brine (0.19), Other Oily Seeds (0.19), and Beer (0.19). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that New Zealand is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of New Zealand. These are products that tend to be co-exported with the products that New Zealand exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier


The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking


During the last 20 years New Zealand's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨27th to the 45th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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