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2023
Flag → Flag
Exports $10.2BRnk 49 / 208
2023
Flag → Flag
Top Product $785MBroadcasting Equipment
2023
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Exports $12.3BRnk 1 / 206
2023
Flag → Flag
Top Product $1.96BRough Wood
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
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GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
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GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$48,281CURRENT US$
Rnk 28 / 196
2013-2023
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GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

China-New Zealand Trade: In 2023, China exported $10.2B to New Zealand. The main products that China exported to New Zealand were Broadcasting Equipment ($785M), Computers ($605M), and Cars ($480M). Over the past 5 years the exports of China to New Zealand have increased at an annualized rate of 3.6%, from $8.54B in 2018 to $10.2B in 2023.

In 2023, China did not export any services to New Zealand.

New Zealand-China Trade: In 2023, New Zealand exported $12.3B to China. The main products that New Zealand exported to China were Rough Wood ($1.96B), Concentrated Milk ($1.81B), and Malt Extract ($1.15B). Over the past 5 years the exports of New Zealand to China have increased at an annualized rate of 3.69%,  from $10.3B in 2018 to $12.3B in 2023.

In 2018, New Zealand exported services to China worth $8.99B, with Travel ($8.04B), Transportation ($608M), and Other business services ($137M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $661M and imported $1.19B from New Zealand, resulting in a negative trade balance of $525M. Between December 2023 and December 2024 the exports of China have increased by $96.3M (17.1%) from $565M to $661M, while imports increased by $187M (18.7%) from $1B to $1.19B.

Trade In December 2024, the top exports of China to New Zealand were Refined Petroleum ($33.1M), Commodities not elsewhere specified ($25M), Electric Batteries ($24.7M), Other Furniture ($17.6M), and Seats ($13.8M). In December 2024 the top imports of China from New Zealand were Concentrated Milk ($232M), Rough Wood ($194M), Malt Extract ($102M), Frozen Bovine Meat ($88M), and Milk ($74.2M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($129M), Jiangsu Province ($99.7M), Zhejiang Province ($99.7M), Shandong Province ($76.7M), and Shanghai Province ($61.1M), while imports destinations were mainly Shanghai Province ($216M), Fujian Province ($215M), Guangdong Province ($166M), Jiangsu Province ($131M), and Zhejiang Province ($123M).

Growth In December 2024, the increase in China's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Refined Petroleum ($32.8M or 10.1k%), Electric Batteries ($22.1M or 842%), and Commodities not elsewhere specified ($16M or 177%). In December 2024, the increase in China's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Rough Wood ($28.4M or 17.2%), Raw Bones ($12.3M or 281%), and Iron Ore ($9.17M or 126%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$96.3M(17.1%)
IMPORT GROWTH (December 2023 - December 2024)$187M(18.7%)
MAIN EXPORTER (December 2024)Guangdong Province$129M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check New Zealand and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $10.2B to New Zealand. The main products exported from China to New Zealand were Broadcasting Equipment ($785M), Computers ($605M), and Cars ($480M). During the last 5 years the exports of China to New Zealand have increased at an annualized rate of 3.6%, from $8.54B in 2018 to $10.2B in 2023.

In 2018, New Zealand exported $12.3B to China. The main products exported from New Zealand to China were Rough Wood ($1.96B), Concentrated Milk ($1.81B), and Malt Extract ($1.15B). During the last 5 years the exports of New Zealand to China have increased at an annualized rate of 3.69%, from $10.3B in 2023 to $12.3B in 2018.

Exports from China (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
New Zealand
Top DestinationChina$12.3B

This map shows whether countries import more from China or New Zealand. Each country is colored based on the difference in imports they receive from China and New Zealand or the difference in the growth in imports.

In 2023, countries that imported more from China than New Zealand included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from New Zealand than China included Cook Islands ($93.7M), American Samoa ($28M), and Samoa ($112M).

Difference in imports from New Zealand (Flag) and China (Flag) (2023)

Comparative Advantage China - New Zealand

Flow
Scale

This chart compares trade between China and New Zealand by product, considering products traded by both, China and New Zealand.

During 2023, China had a large net trade with New Zealand in the exports of Machines ($3.74B), Textiles ($1B), and Miscellaneous ($940M).

During 2018, New Zealand had a large net trade with China in the exports of Animal Products ($6.5B), Wood Products ($2.01B), and Foodstuffs ($1.55B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China New Zealand+$138MTelephones
Top Product Potential New Zealand China+$89.9MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2018, New Zealand exported services to China worth $8.99B, with Travel ($8.04B), Transportation ($608M), and Other business services ($137M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to China (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and New Zealand. This means that a dot/product with the flag of China indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over China.

Product Space of China (Flag) and New Zealand (Flag) (2023)

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