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2022
Flag → Flag
Exports $1.98BRnk 30 / 218
2022
Flag → Flag
Top Product $578MDelivery Trucks
2022
Flag → Flag
Exports $943MRnk 10 / 210
2022
Flag → Flag
Top Product $350MConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Thailand-New Zealand Trade: In 2022, Thailand exported $1.98B to New Zealand. The main products that Thailand exported to New Zealand were Delivery Trucks ($578M), Cars ($236M), and Air Conditioners ($104M). Over the past 5 years the exports of Thailand to New Zealand have increased at an annualized rate of 1.69%, from $1.82B in 2017 to $1.98B in 2022.

In 2022, Thailand did not export any services to New Zealand.

New Zealand-Thailand Trade: In 2022, New Zealand exported $943M to Thailand. The main products that New Zealand exported to Thailand were Concentrated Milk ($350M), Butter ($57.6M), and Crude Petroleum ($46.1M). Over the past 5 years the exports of New Zealand to Thailand have increased at an annualized rate of 7.32%,  from $662M in 2017 to $943M in 2022.

In 2018, New Zealand exported services to Thailand worth $683M, with Travel ($640M), Transportation ($23.5M), and Other business services ($10.4M) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $1.98B to New Zealand. The main products exported from Thailand to New Zealand were Delivery Trucks ($578M), Cars ($236M), and Air Conditioners ($104M). During the last 5 years the exports of Thailand to New Zealand have increased at an annualized rate of 1.69%, from $1.82B in 2017 to $1.98B in 2022.

In 2017, New Zealand exported $943M to Thailand. The main products exported from New Zealand to Thailand were Concentrated Milk ($350M), Butter ($57.6M), and Crude Petroleum ($46.1M). During the last 5 years the exports of New Zealand to Thailand have increased at an annualized rate of 7.32%, from $662M in 2022 to $943M in 2017.

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

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

Latest Data

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

Thailand Exports

New Zealand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from Thailand than New Zealand included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from New Zealand than Thailand included Algeria ($517M), Fiji ($380M), and Cook Islands ($85.2M).

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

Comparative Advantage Thailand - New Zealand

Flow
Scale

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

During 2022, Thailand had a large net trade with New Zealand in the exports of Transportation ($868M), Machines ($378M), and Foodstuffs ($213M).

During 2017, New Zealand had a large net trade with Thailand in the exports of Animal Products ($552M), Paper Goods ($64.1M), and Vegetable Products ($63.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand New Zealand+$16.5MRefined Petroleum
Top Product Potential New Zealand Thailand+$18.7MCrude 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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Bilateral Service Trade

In 2018, New Zealand exported services to Thailand worth $683M, with Travel ($640M), Transportation ($23.5M), and Other business services ($10.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and New Zealand. This means that a dot/product with the flag of Thailand 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 Thailand.

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

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