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2023
Flag → Flag
Exports $1.84BRnk 30 / 216
2023
Flag → Flag
Top Product $528MDelivery Trucks
2023
Flag → Flag
Exports $825MRnk 10 / 206
2023
Flag → Flag
Top Product $310MConcentrated Milk
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Thailand-New Zealand Trade: In 2023, Thailand exported $1.84B to New Zealand. The main products that Thailand exported to New Zealand were Delivery Trucks ($528M), Cars ($212M), and Air Conditioners ($76.2M). Over the past 5 years the exports of Thailand to New Zealand have decreased at an annualized rate of 1.24%, from $1.95B in 2018 to $1.84B in 2023.

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

New Zealand-Thailand Trade: In 2023, New Zealand exported $825M to Thailand. The main products that New Zealand exported to Thailand were Concentrated Milk ($310M), Butter ($54.2M), and Apples and Pears ($43M). Over the past 5 years the exports of New Zealand to Thailand have increased at an annualized rate of 2.74%,  from $721M in 2018 to $825M in 2023.

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 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, Thailand exported $1.84B to New Zealand. The main products exported from Thailand to New Zealand were Delivery Trucks ($528M), Cars ($212M), and Air Conditioners ($76.2M). During the last 5 years the exports of Thailand to New Zealand have decreased at an annualized rate of 1.24%, from $1.95B in 2018 to $1.84B in 2023.

In 2018, New Zealand exported $825M to Thailand. The main products exported from New Zealand to Thailand were Concentrated Milk ($310M), Butter ($54.2M), and Apples and Pears ($43M). During the last 5 years the exports of New Zealand to Thailand have increased at an annualized rate of 2.74%, from $721M in 2023 to $825M in 2018.

Exports from Thailand (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Thailand (Flag) (2023)

Latest Data

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

Thailand Exports

New Zealand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
New Zealand
Top DestinationChina$12.3B

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 2023, countries that imported more from Thailand than New Zealand included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from New Zealand than Thailand included Algeria ($599M), Fiji ($433M), and Samoa ($112M).

Difference in imports from New Zealand (Flag) and Thailand (Flag) (2023)

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 2023, Thailand had a large net trade with New Zealand in the exports of Transportation ($796M), Machines ($326M), and Foodstuffs ($247M).

During 2018, New Zealand had a large net trade with Thailand in the exports of Animal Products ($480M), Vegetable Products ($64.6M), and Foodstuffs ($58M).

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) (2023)

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