2022
Flag  
GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
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
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186

About

New Zealand-Vietnam Trade: In 2022, New Zealand exported $638M to Vietnam. The main products that New Zealand exported to Vietnam were Concentrated Milk ($212M), Apples and Pears ($91.1M), and Other Edible Preparations ($51.6M). Over the past 5 years the exports of New Zealand to Vietnam have increased at an annualized rate of 3.28%, from $543M in 2017 to $638M in 2022.

In 2018, New Zealand exported services to Vietnam worth $289M, with Travel ($269M), Other business services ($13.1M), and Government services, n.i.e. ($6.22M) being the largest in terms of value.

Vietnam-New Zealand Trade: In 2022, Vietnam exported $867M to New Zealand. The main products that Vietnam exported to New Zealand were Broadcasting Equipment ($228M), Video Displays ($47.7M), and Textile Footwear ($45.1M). Over the past 5 years the exports of Vietnam to New Zealand have increased at an annualized rate of 9.54%,  from $550M in 2017 to $867M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $638M to Vietnam. The main products exported from New Zealand to Vietnam were Concentrated Milk ($212M), Apples and Pears ($91.1M), and Other Edible Preparations ($51.6M). During the last 5 years the exports of New Zealand to Vietnam have increased at an annualized rate of 3.28%, from $543M in 2017 to $638M in 2022.

In 2017, Vietnam exported $867M to New Zealand. The main products exported from Vietnam to New Zealand were Broadcasting Equipment ($228M), Video Displays ($47.7M), and Textile Footwear ($45.1M). During the last 5 years the exports of Vietnam to New Zealand have increased at an annualized rate of 9.54%, from $550M in 2022 to $867M in 2017.

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

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

Latest Data

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

New Zealand Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Vietnam
Top Destination
United States$117B

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

In 2022, countries that imported more from New Zealand than Vietnam included Algeria ($517M), Fiji ($380M), and Papua New Guinea ($132M).

In 2022, countries that imported more from Vietnam than New Zealand included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage New Zealand - Vietnam

Flow
Scale

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

During 2022, New Zealand had a large net trade with Vietnam in the exports of Animal Products ($326M), Vegetable Products ($122M), and Foodstuffs ($63.7M).

During 2017, Vietnam had a large net trade with New Zealand in the exports of Machines ($413M), Footwear and Headwear ($84.9M), and Textiles ($73.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Vietnam+$5.02MMalt Extract
Top Product Potential Vietnam New Zealand+$50.9MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with