2023
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GDP
$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH
41.6%CURRENT US$
Rnk 90 / 195
2023
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 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 PC 
$32,094CURRENT US$
Rnk 44 / 195
2013-2023
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GDP PC GROWTH
17.6%CURRENT US$
Rnk 109 / 195
2023
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GDP PC
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
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GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Saudi Arabia-New Zealand Trade: In 2023, Saudi Arabia exported $130M to New Zealand. The main products that Saudi Arabia exported to New Zealand were Nitrogenous Fertilizers ($92.8M), Ethylene Polymers ($10.9M), and Mixed Mineral or Chemical Fertilizers ($4.9M). Over the past 5 years the exports of Saudi Arabia to New Zealand have decreased at an annualized rate of 19.9%, from $394M in 2018 to $130M in 2023.

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

New Zealand-Saudi Arabia Trade: In 2023, New Zealand exported $744M to Saudi Arabia. The main products that New Zealand exported to Saudi Arabia were Concentrated Milk ($279M), Butter ($169M), and Cheese ($59.8M). Over the past 5 years the exports of New Zealand to Saudi Arabia have increased at an annualized rate of 8.28%,  from $500M in 2018 to $744M in 2023.

In 2018, New Zealand exported services to Saudi Arabia worth $273M, with Travel ($267M) and Government services, n.i.e. ($5.52M) being the largest in terms of value.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $130M to New Zealand. The main products exported from Saudi Arabia to New Zealand were Nitrogenous Fertilizers ($92.8M), Ethylene Polymers ($10.9M), and Mixed Mineral or Chemical Fertilizers ($4.9M). During the last 5 years the exports of Saudi Arabia to New Zealand have decreased at an annualized rate of 19.9%, from $394M in 2018 to $130M in 2023.

In 2018, New Zealand exported $744M to Saudi Arabia. The main products exported from New Zealand to Saudi Arabia were Concentrated Milk ($279M), Butter ($169M), and Cheese ($59.8M). During the last 5 years the exports of New Zealand to Saudi Arabia have increased at an annualized rate of 8.28%, from $500M in 2023 to $744M in 2018.

Exports from Saudi Arabia (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and New Zealand (Flag)

Saudi Arabia Exports

New Zealand Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$64.4B
New Zealand
Top Destination
China$12.3B

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

In 2023, countries that imported more from Saudi Arabia than New Zealand included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from New Zealand than Saudi Arabia included Australia ($5.2B), Fiji ($433M), and South Korea ($1.37B).

Difference in imports from New Zealand (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - New Zealand

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with New Zealand in the exports of Chemical Products ($101M), Plastics and Rubbers ($14.3M), and Textiles ($7.79M).

During 2018, New Zealand had a large net trade with Saudi Arabia in the exports of Animal Products ($610M), Foodstuffs ($41.1M), and Animal and Vegetable Bi-Products ($33.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia New Zealand+$6.56MEthylene Polymers
Top Product Potential New Zealand Saudi Arabia+$5.73MFrozen Bovine Meat

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 Saudi Arabia worth $273M, with Travel ($267M) and Government services, n.i.e. ($5.52M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Saudi Arabia (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and New Zealand (Flag) (2023)

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