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
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 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$
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2022
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GDP PC
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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About

New Zealand-Belgium Trade: In 2022, New Zealand exported $403M to Belgium. The main products that New Zealand exported to Belgium were Other Fruits ($230M), Sheep and Goat Meat ($48.3M), and Apples and Pears ($18.9M). Over the past 5 years the exports of New Zealand to Belgium have increased at an annualized rate of 1.13%, from $381M in 2017 to $403M in 2022.

In 2018, New Zealand exported services to Belgium worth $138M, with Travel ($94.6M), Royalties and license fees ($24.9M), and Other business services ($9.67M) being the largest in terms of value.

Belgium-New Zealand Trade: In 2022, Belgium exported $322M to New Zealand. The main products that Belgium exported to New Zealand were Vaccines, blood, antisera, toxins and cultures ($54.9M), Cars ($23.4M), and Packaged Medicaments ($19.6M). Over the past 5 years the exports of Belgium to New Zealand have increased at an annualized rate of 3.14%,  from $276M in 2017 to $322M in 2022.

In 2020, Belgium exported services to New Zealand worth $94.8M, with Other business services ($82.2M), Transportation ($6.85M), and Computer and information services ($3.43M) being the largest in terms of value.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $403M to Belgium. The main products exported from New Zealand to Belgium were Other Fruits ($230M), Sheep and Goat Meat ($48.3M), and Apples and Pears ($18.9M). During the last 5 years the exports of New Zealand to Belgium have increased at an annualized rate of 1.13%, from $381M in 2017 to $403M in 2022.

In 2017, Belgium exported $322M to New Zealand. The main products exported from Belgium to New Zealand were Vaccines, blood, antisera, toxins and cultures ($54.9M), Cars ($23.4M), and Packaged Medicaments ($19.6M). During the last 5 years the exports of Belgium to New Zealand have increased at an annualized rate of 3.14%, from $276M in 2022 to $322M in 2017.

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

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

Latest Data

Trade between New Zealand (Flag) and Belgium (Flag)

New Zealand Exports

Belgium Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from New Zealand than Belgium included China ($13.1B), Australia ($5.35B), and Indonesia ($1.33B).

In 2022, countries that imported more from Belgium than New Zealand included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage New Zealand - Belgium

Flow
Scale

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

During 2022, New Zealand had a large net trade with Belgium in the exports of Vegetable Products ($252M), Animal Products ($78.4M), and Chemical Products ($20M).

During 2017, Belgium had a large net trade with New Zealand in the exports of Chemical Products ($102M), Machines ($57.6M), and Transportation ($28.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Belgium+$6.43MConcentrated Milk
Top Product Potential Belgium New Zealand+$25.8MCars

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 Belgium worth $138M, with Travel ($94.6M), Royalties and license fees ($24.9M), and Other business services ($9.67M) being the largest in terms of value.

In 2020, Belgium exported services to New Zealand worth $94.8M, with Other business services ($82.2M), Transportation ($6.85M), and Computer and information services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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