2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
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GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
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GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186

About

India-New Zealand Trade: In 2022, India exported $694M to New Zealand. The main products that India exported to New Zealand were Refined Petroleum ($69.5M), Packaged Medicaments ($60.9M), and Vaccines, blood, antisera, toxins and cultures ($27.7M). Over the past 5 years the exports of India to New Zealand have increased at an annualized rate of 11%, from $412M in 2017 to $694M in 2022.

In 2022, India did not export any services to New Zealand.

New Zealand-India Trade: In 2022, New Zealand exported $412M to India. The main products that New Zealand exported to India were Coal Briquettes ($61.5M), Mechanical Wood Pulp ($60.3M), and Wool ($40.2M). Over the past 5 years the exports of New Zealand to India have decreased at an annualized rate of 1.71%,  from $581M in 2017 to $412M in 2022.

In 2018, New Zealand exported services to India worth $3.46B, with Travel ($3.34B), Transportation ($47M), and Government services, n.i.e. ($39.4M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $694M to New Zealand. The main products exported from India to New Zealand were Refined Petroleum ($69.5M), Packaged Medicaments ($60.9M), and Vaccines, blood, antisera, toxins and cultures ($27.7M). During the last 5 years the exports of India to New Zealand have increased at an annualized rate of 11%, from $412M in 2017 to $694M in 2022.

In 2017, New Zealand exported $412M to India. The main products exported from New Zealand to India were Coal Briquettes ($61.5M), Mechanical Wood Pulp ($60.3M), and Wool ($40.2M). During the last 5 years the exports of New Zealand to India have decreased at an annualized rate of 1.71%, from $581M in 2022 to $412M in 2017.

Exports from India (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
New Zealand
Top Destination
China$13.1B

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

In 2022, countries that imported more from India than New Zealand included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from New Zealand than India included Fiji ($380M), French Polynesia ($127M), and Cook Islands ($85.2M).

Difference in imports from New Zealand (Flag) and India (Flag) (2022)

Comparative Advantage India - New Zealand

Flow
Scale

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

During 2022, India had a large net trade with New Zealand in the exports of Chemical Products ($132M), Textiles ($121M), and Machines ($83M).

During 2017, New Zealand had a large net trade with India in the exports of Paper Goods ($97.7M), Mineral Products ($63.6M), and Metals ($54.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India New Zealand+$117MRefined Petroleum
Top Product Potential New Zealand India+$42.3MCoal Briquettes

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 India worth $3.46B, with Travel ($3.34B), Transportation ($47M), and Government services, n.i.e. ($39.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and New Zealand. This means that a dot/product with the flag of India 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 India.

Product Space of India (Flag) and New Zealand (Flag) (2022)

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