2022
Flag  
GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
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GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
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GDP PC 
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

New Zealand-Indonesia Trade: In 2022, New Zealand exported $1.33B to Indonesia. The main products that New Zealand exported to Indonesia were Concentrated Milk ($613M), Butter ($142M), and Crude Petroleum ($63.8M). Over the past 5 years the exports of New Zealand to Indonesia have increased at an annualized rate of 13.3%, from $711M in 2017 to $1.33B in 2022.

In 2018, New Zealand exported services to Indonesia worth $376M, with Travel ($346M), Other business services ($19.3M), and Government services, n.i.e. ($5.52M) being the largest in terms of value.

Indonesia-New Zealand Trade: In 2022, Indonesia exported $903M to New Zealand. The main products that Indonesia exported to New Zealand were Other Vegetable Residues ($301M), Coal Briquettes ($67.6M), and Shaped Wood ($37.1M). Over the past 5 years the exports of Indonesia to New Zealand have increased at an annualized rate of 9.85%,  from $565M in 2017 to $903M in 2022.

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

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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $1.33B to Indonesia. The main products exported from New Zealand to Indonesia were Concentrated Milk ($613M), Butter ($142M), and Crude Petroleum ($63.8M). During the last 5 years the exports of New Zealand to Indonesia have increased at an annualized rate of 13.3%, from $711M in 2017 to $1.33B in 2022.

In 2017, Indonesia exported $903M to New Zealand. The main products exported from Indonesia to New Zealand were Other Vegetable Residues ($301M), Coal Briquettes ($67.6M), and Shaped Wood ($37.1M). During the last 5 years the exports of Indonesia to New Zealand have increased at an annualized rate of 9.85%, from $565M in 2022 to $903M in 2017.

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

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

Latest Data

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

New Zealand Exports

Indonesia Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Indonesia
Top Destination
China$67.7B

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

In 2022, countries that imported more from New Zealand than Indonesia included Australia ($5.35B), Fiji ($380M), and Algeria ($517M).

In 2022, countries that imported more from Indonesia than New Zealand included China ($67.7B), United States ($31.6B), and India ($25.3B).

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

Comparative Advantage New Zealand - Indonesia

Flow
Scale

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

During 2022, New Zealand had a large net trade with Indonesia in the exports of Animal Products ($895M), Foodstuffs ($90.5M), and Paper Goods ($81.5M).

During 2017, Indonesia had a large net trade with New Zealand in the exports of Foodstuffs ($359M), Machines ($88.9M), and Mineral Products ($80.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Indonesia+$14.6MCrude Petroleum
Top Product Potential Indonesia New Zealand+$8.85MCoal 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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Economic Complexity

Competitive Landscape

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

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

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