2023
Flag  
GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
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GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
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 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
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GDP PC 
$48,281CURRENT US$
Rnk 28 / 195
2013-2023
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GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195
2023
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GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

New Zealand-India Trade: In 2023, New Zealand exported $369M to India. The main products that New Zealand exported to India were Wool ($64.9M), Scrap Iron ($44.2M), and Scrap Aluminium ($37.5M). Over the past 5 years the exports of New Zealand to India have decreased at an annualized rate of 11.9%, from $693M in 2018 to $369M in 2023.

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.

India-New Zealand Trade: In 2023, India exported $682M to New Zealand. The main products that India exported to New Zealand were Packaged Medicaments ($70.7M), Refined Petroleum ($35.2M), and House Linens ($32.2M). Over the past 5 years the exports of India to New Zealand have increased at an annualized rate of 5%,  from $534M in 2018 to $682M in 2023.

In 2023, India did not export any services to New Zealand.

Comparison: In 2023,  New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, New Zealand exported $369M to India. The main products exported from New Zealand to India were Wool ($64.9M), Scrap Iron ($44.2M), and Scrap Aluminium ($37.5M). During the last 5 years the exports of New Zealand to India have decreased at an annualized rate of 11.9%, from $693M in 2018 to $369M in 2023.

In 2018, India exported $682M to New Zealand. The main products exported from India to New Zealand were Packaged Medicaments ($70.7M), Refined Petroleum ($35.2M), and House Linens ($32.2M). During the last 5 years the exports of India to New Zealand have increased at an annualized rate of 5%, from $534M in 2023 to $682M in 2018.

Exports from New Zealand (Flag) to India (Flag) (2023)

Exports from India (Flag) to New Zealand (Flag) (2023)

Latest Data

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

New Zealand Exports

India Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$12.3B
India
Top Destination
United States$85.5B

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

In 2023, countries that imported more from New Zealand than India included Fiji ($433M), Samoa ($112M), and Cook Islands ($93.7M).

In 2023, countries that imported more from India than New Zealand included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

Difference in imports from India (Flag) and New Zealand (Flag) (2023)

Comparative Advantage New Zealand - India

Flow
Scale

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

During 2023, New Zealand had a large net trade with India in the exports of Metals ($87.8M), Textiles ($65.6M), and Paper Goods ($50.9M).

During 2018, India had a large net trade with New Zealand in the exports of Textiles ($128M), Chemical Products ($120M), and Machines ($91.4M).

Potential Exports

Potential Exports

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

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 India. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over New Zealand.

Product Space of New Zealand (Flag) and India (Flag) (2023)

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