2022
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GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
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GDP GROWTH
40.3%CURRENT US$
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2022
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 GDP
$281BCURRENT US$
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GDP GROWTH
8.73%CURRENT US$
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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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GDP PC
$50,537CURRENT US$
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5.93%CURRENT US$
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About

New Zealand-Finland Trade: In 2022, New Zealand exported $20.1M to Finland. The main products that New Zealand exported to Finland were Therapeutic Appliances ($4.71M), Sheep and Goat Meat ($2.45M), and Wine ($1.95M). Over the past 5 years the exports of New Zealand to Finland have decreased at an annualized rate of 1.65%, from $21.8M in 2017 to $20.1M in 2022.

In 2018, New Zealand exported services to Finland worth $58M, with Travel ($57.3M) and Royalties and license fees ($691k) being the largest in terms of value.

Finland-New Zealand Trade: In 2022, Finland exported $122M to New Zealand. The main products that Finland exported to New Zealand were Pig Meat ($18M), Mixed Mineral or Chemical Fertilizers ($17.4M), and Tractors ($5.66M). Over the past 5 years the exports of Finland to New Zealand have increased at an annualized rate of 1.97%,  from $98.7M in 2017 to $122M in 2022.

In 2020, Finland exported services to New Zealand worth $66.2M, with Computer and information services ($53.7M), Other business services ($5.71M), and Construction services ($4.57M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $20.1M to Finland. The main products exported from New Zealand to Finland were Therapeutic Appliances ($4.71M), Sheep and Goat Meat ($2.45M), and Wine ($1.95M). During the last 5 years the exports of New Zealand to Finland have decreased at an annualized rate of 1.65%, from $21.8M in 2017 to $20.1M in 2022.

In 2017, Finland exported $122M to New Zealand. The main products exported from Finland to New Zealand were Pig Meat ($18M), Mixed Mineral or Chemical Fertilizers ($17.4M), and Tractors ($5.66M). During the last 5 years the exports of Finland to New Zealand have increased at an annualized rate of 1.97%, from $98.7M in 2022 to $122M in 2017.

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

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

Latest Data

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

New Zealand Exports

Finland Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Finland
Top Destination
Germany$9.99B

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

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

In 2022, countries that imported more from Finland than New Zealand included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

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

Comparative Advantage New Zealand - Finland

Flow
Scale

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

During 2022, New Zealand had a large net trade with Finland in the exports of Instruments ($5.47M), Animal Products ($4.75M), and Vegetable Products ($2.56M).

During 2017, Finland had a large net trade with New Zealand in the exports of Machines ($32.1M), Chemical Products ($21.6M), and Animal Products ($18.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Finland+$1.37MWine
Top Product Potential Finland New Zealand+$2.99MCars

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 Finland worth $58M, with Travel ($57.3M) and Royalties and license fees ($691k) being the largest in terms of value.

In 2020, Finland exported services to New Zealand worth $66.2M, with Computer and information services ($53.7M), Other business services ($5.71M), and Construction services ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over New Zealand.

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

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