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

About

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.

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.

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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $217M in 2022.

In 2017, 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 2022 to $841M in 2017.

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

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

Latest Data

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

New Zealand Exports

Italy Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage New Zealand - Italy

Flow
Scale

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

During 2022, New Zealand had a large net trade with Italy in the exports of Animal Hides ($72M), Textiles ($31.2M), and Animal Products ($24.7M).

During 2017, Italy had a large net trade with New Zealand in the exports of Machines ($301M), Transportation ($112M), and Chemical Products ($87M).

Potential Exports

Potential Exports

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

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 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.

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.

Service trade data is presented based on availability.

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

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

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

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