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2022
Flag → Flag
Exports $841MRnk 68 / 221
2022
Flag → Flag
Top Product $34.3MCars
2022
Flag → Flag
Exports $217MRnk 28 / 210
2022
Flag → Flag
Top Product $69.7MTanned Equine and Bovine Hides
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Italy-New Zealand Trade: In 2022, Italy exported $841M to New Zealand. The main products that Italy exported to New Zealand were Cars ($34.3M), Tractors ($26.8M), and Vaccines, blood, antisera, toxins and cultures ($24.1M). Over the past 5 years the exports of Italy to New Zealand have increased at an annualized rate of 5.08%, from $657M in 2017 to $841M in 2022.

In 2020, Italy exported services to New Zealand worth $84.6M, with Travel ($51.2M), Other business services ($18.5M), and Royalties and license fees ($8.68M) being the largest in terms of value.

New Zealand-Italy Trade: In 2022, New Zealand exported $217M to Italy. The main products that New Zealand exported to Italy were Tanned Equine and Bovine Hides ($69.7M), Wool ($28.9M), and Other Fruits ($13.7M). Over the past 5 years the exports of New Zealand to Italy have decreased at an annualized rate of 3.74%,  from $262M in 2017 to $217M in 2022.

In 2018, New Zealand exported services to Italy worth $195M, with Travel ($175M), Government services, n.i.e. ($5.52M), and Insurance services ($5.52M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €15.1M and imported €16.1M from New Zealand, resulting in a negative trade balance of €1.02M. Between June 2023 and June 2024 the exports of Italy have decreased by €-8.42M (-35.8%) from €23.6M to €15.1M, while imports increased by €7.93M (96.5%) from €8.22M to €16.1M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-8.42M(-35.8%)
IMPORT GROWTH (June 2023 - June 2024)€7.93M(96.5%)

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

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

For full datasets download visit Bulk Download page.

Explore New Zealand and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $841M to New Zealand. The main products exported from Italy to New Zealand were Cars ($34.3M), Tractors ($26.8M), and Vaccines, blood, antisera, toxins and cultures ($24.1M). During the last 5 years the exports of Italy to New Zealand have increased at an annualized rate of 5.08%, from $657M in 2017 to $841M in 2022.

In 2017, New Zealand exported $217M to Italy. The main products exported from New Zealand to Italy were Tanned Equine and Bovine Hides ($69.7M), Wool ($28.9M), and Other Fruits ($13.7M). During the last 5 years the exports of New Zealand to Italy have decreased at an annualized rate of 3.74%, from $262M in 2022 to $217M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from Italy than New Zealand included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from New Zealand than Italy included Fiji ($380M), Indonesia ($1.33B), and Papua New Guinea ($132M).

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

Comparative Advantage Italy - New Zealand

Flow
Scale

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

During 2022, Italy had a large net trade with New Zealand in the exports of Machines ($301M), Transportation ($112M), and Chemical Products ($87M).

During 2017, New Zealand had a large net trade with Italy in the exports of Animal Hides ($72M), Textiles ($31.2M), and Animal Products ($24.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy New Zealand+$28.6MCars
Top Product Potential New Zealand Italy+$5.34MRaw Aluminium

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 2020, Italy exported services to New Zealand worth $84.6M, with Travel ($51.2M), Other business services ($18.5M), and Royalties and license fees ($8.68M) being the largest in terms of value.

In 2018, New Zealand exported services to Italy worth $195M, with Travel ($175M), Government services, n.i.e. ($5.52M), and Insurance services ($5.52M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to New Zealand (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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