United Kingdom (GBR) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and New Zealand (NZL) Trade

2022

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Exports $1.16BRnk 47 / 224

2022

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About

United Kingdom-New Zealand In 2022, United Kingdom exported $1.16B to New Zealand. The main products that United Kingdom exported to New Zealand are Cars ($223M), Gas Turbines ($108M), and Trailers and semi-trailers, not mechanically propelled vehicles ($64.1M). During the last 27 years the exports of United Kingdom to New Zealand have increased at an annualized rate of 1.56%, from $762M in 1995 to $1.16B in 2022.

In 2019, United Kingdom exported services to New Zealand worth $941M, with Travel ($528M), Insurance services ($182M), and Other business services ($85.4M) being the largest in terms of value.

New Zealand-United Kingdom In 2022, New Zealand exported $953M to United Kingdom. The main products that New Zealand exported to United Kingdom were Wine ($298M), Sheep and Goat Meat ($262M), and Honey ($25M). During the last 27 years the exports of New Zealand to United Kingdom have increased at an annualized rate of 0.35%, from $867M in 1995 to $953M in 2022.

In 2018, New Zealand exported services to United Kingdom worth $3.93B, with Travel ($2.78B), Other business services ($407M), and Transportation ($381M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

February, 2024

About

Overview In February 2024, United Kingdom exported £80.1M and imported £53.6M from New Zealand, resulting in a positive trade balance of £26.5M. Between February 2023 and February 2024 the exports of United Kingdom have decreased by £-18.5M (-18.8%) from £98.6M to £80.1M, while imports increased by £6.58M (14%) from £47M to £53.6M.

Trade In February 2024, the top exports of United Kingdom to New Zealand were Cars (£20.5M), Horses (£3.61M), Packaged Medicaments (£1.78M), Trailers and semi-trailers, not mechanically propelled... (£1.66M), and Gas Turbines (£1.51M). In February 2024 the top imports of United Kingdom from New Zealand were Wine (£20.4M), Sheep and Goat Meat (£4.47M), Honey (£2.83M), Therapeutic Appliances (£1.56M), and Dairy Machinery (£1.04M).

Origins In February 2024 the exports of United Kingdom were mainly from Harwich (£23M), Southampton (£13.6M), London Heathrow Airport (£13.1M), Felixstowe (£12.6M), and London Gateway (£5.56M), while imports destinations were mainly London Gateway (£20.3M), Felixstowe (£15.7M), London Heathrow Airport (£5.05M), and Southampton (£4M).

Growth In February 2024, the decrease in United Kingdom's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Trailers and semi-trailers, not mechanically propelled... (£-1.9M or -53.3%), Gas Turbines (£-1.23M or -45%), and Stone Processing Machines (£-714k or -51.2%). In February 2024, the increase in United Kingdom's year-by-year imports from New Zealand was explained primarily by an increase in product imports in Wine (£3.3M or 19.3%), Honey (£1.41M or 98.7%), and Dairy Machinery (£867k or 491%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-18.5M(-18.8%)

IMPORT GROWTH (February 2023 - February 2024)£6.58M(14%)

MAIN EXPORTER (February 2024)Harwich£23M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $1.16B to New Zealand. The main products exported from United Kingdom to New Zealand were Cars ($223M), Gas Turbines ($108M), and Trailers and semi-trailers, not mechanically propelled vehicles ($64.1M). During the last 27 years the exports of United Kingdom to New Zealand have increased at an annualized rate of 1.56%, from $762M in 1995 to $1.16B in 2022.

In 2022, New Zealand exported $953M to United Kingdom. The main products exported from New Zealand to United Kingdom were Wine ($298M), Sheep and Goat Meat ($262M), and Honey ($25M). During the last 27 years the exports of New Zealand to United Kingdom have increased at an annualized rate of 0.35%, from $867M in 1995 to $953M in 2022.

Exports from United Kingdom () to New Zealand () (2022)

Exports from New Zealand () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

New Zealand
Top DestinationChina$13.1B

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

In 2021, countries that imported more from United Kingdom than New Zealand were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from New Zealand than United Kingdom were Indonesia ($1.33B), Fiji ($380M), and Algeria ($517M).

Difference in imports from New Zealand () and United Kingdom () (2022)

Comparative Advantage United Kingdom - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with New Zealand in the exports of Transportation ($400M), Machines ($307M), and Chemical Products ($101M).

During 2022, New Zealand had a large net trade with United Kingdom in the exports of Animal Products ($330M), Foodstuffs ($314M), and Machines ($83.1M).

Service Trade

Bilateral Service Trade

Nzl Year

Gbr Year

In 2019, United Kingdom exported services to New Zealand worth $941M, with Travel ($528M), Insurance services ($182M), and Other business services ($85.4M) being the largest in terms of value.

In 2018, New Zealand exported services to United Kingdom worth $3.93B, with Travel ($2.78B), Other business services ($407M), and Transportation ($381M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to New Zealand () (2019)

Services Exports from New Zealand () to United Kingdom () (2018)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over New Zealand. Similarly, the more yellow a dot/product is, the more New Zealand has comparative advantage over United Kingdom.

Product Space of United Kingdom () and New Zealand () (2022)

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