New Zealand (NZL) and Russia (RUS) Trade | The Observatory of Economic Complexity

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New Zealand-Russia Trade: In 2023, New Zealand exported $14.4M to Russia. The main products that New Zealand exported to Russia were Malt Extract ($8.15M), Apples and Pears ($4.16M), and Therapeutic Appliances ($1.6M). Over the past 5 years the exports of New Zealand to Russia have decreased at an annualized rate of 36%, from $134M in 2018 to $14.4M in 2023.

In 2018, New Zealand exported services to Russia worth $160M, with Travel ($157M), Government services, n.i.e. ($2.76M), and Other business services ($691k) being the largest in terms of value.

Russia-New Zealand Trade: In 2023, Russia exported $1.3M to New Zealand. The main products that Russia exported to New Zealand were Sawn Wood ($219k), Asphalt ($186k), and Electrical Ignitions ($137k). Over the past 5 years the exports of Russia to New Zealand have decreased at an annualized rate of 60.8%, from $140M in 2018 to $1.3M in 2023.

In 2020, Russia exported services to New Zealand worth $7.89M, with Computer and information services ($3.29M), Other business services ($3.04M), and Travel ($864k) being the largest in terms of value.

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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $14.4M to Russia. The main products exported from New Zealand to Russia were Malt Extract ($8.15M), Apples and Pears ($4.16M), and Therapeutic Appliances ($1.6M). During the last 5 years the exports of New Zealand to Russia have decreased at an annualized rate of 36%, from $134M in 2018 to $14.4M in 2023.

In 2018, Russia exported $1.3M to New Zealand. The main products exported from Russia to New Zealand were Sawn Wood ($219k), Asphalt ($186k), and Electrical Ignitions ($137k). During the last 5 years the exports of Russia to New Zealand have decreased at an annualized rate of 60.8%, from $140M in 2023 to $1.3M in 2018.

Exports from New Zealand () to Russia () (2023)

Exports from Russia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Russia ()

New Zealand Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from New Zealand than Russia included Australia ($5.2B), South Korea ($1.37B), and Canada ($731M).

In 2023, countries that imported more from Russia than New Zealand included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and New Zealand () (2023)

Comparative Advantage New Zealand - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Russia in the exports of Foodstuffs ($8.15M), Vegetable Products ($4.19M), and Instruments ($1.6M).

During 2018, Russia had a large net trade with New Zealand in the exports of Machines ($333k), Wood Products ($252k), and Stone And Glass ($200k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Russia+$4.67MMalt Extract

Top Product Potential Russia New Zealand+$2.8MNitrogenous Fertilizers

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

Rus Year

Nzl Year

In 2018, New Zealand exported services to Russia worth $160M, with Travel ($157M), Government services, n.i.e. ($2.76M), and Other business services ($691k) being the largest in terms of value.

In 2020, Russia exported services to New Zealand worth $7.89M, with Computer and information services ($3.29M), Other business services ($3.04M), and Travel ($864k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand () to Russia () (2018)

Services Exports from Russia () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Russia () (2023)

Exports from Russia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Russia ()

New Zealand Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and New Zealand () (2023)

Comparative Advantage New Zealand - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from New Zealand () to Russia () (2018)

Services Exports from Russia () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Russia () (2023)

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