2023
Flag  
GDP
$62.3MCURRENT US$
Rnk 195 / 195
2013-2023
Flag
GDP GROWTH
61.3%CURRENT US$
Rnk 52 / 195
2023
Flag
 GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC 
$6,345CURRENT US$
Rnk 110 / 195
2013-2023
Flag
GDP PC GROWTH
80.8%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Tuvalu-New Zealand Trade: In 2023, Tuvalu exported $1.68k to New Zealand. The main products that Tuvalu exported to New Zealand were Sauces and Seasonings ($1.63k), Electrical Lighting and Signalling Equipment ($36), and Iron Fasteners ($7). Over the past 5 years the exports of Tuvalu to New Zealand have decreased at an annualized rate of 15.5%, from $3.89k in 2018 to $1.68k in 2023.

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

New Zealand-Tuvalu Trade: In 2023, New Zealand exported $3.82M to Tuvalu. The main products that New Zealand exported to Tuvalu were Wood Carpentry ($487k), Refined Petroleum ($283k), and Prefabricated Buildings ($260k). Over the past 5 years the exports of New Zealand to Tuvalu have increased at an annualized rate of 10.8%,  from $2.29M in 2018 to $3.82M in 2023.

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

Comparison In 2023,  Tuvalu ranked 204 in total exports ($52.3M), and does not have data regarding Economic Complexity Index. 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, Tuvalu exported $1.68k to New Zealand. The main products exported from Tuvalu to New Zealand were Sauces and Seasonings ($1.63k), Electrical Lighting and Signalling Equipment ($36), and Iron Fasteners ($7). During the last 5 years the exports of Tuvalu to New Zealand have decreased at an annualized rate of 15.5%, from $3.89k in 2018 to $1.68k in 2023.

In 2018, New Zealand exported $3.82M to Tuvalu. The main products exported from New Zealand to Tuvalu were Wood Carpentry ($487k), Refined Petroleum ($283k), and Prefabricated Buildings ($260k). During the last 5 years the exports of New Zealand to Tuvalu have increased at an annualized rate of 10.8%, from $2.29M in 2023 to $3.82M in 2018.

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

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

Latest Data

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

New Zealand Exports

Market Competitiveness

Color
Tuvalu
Top Destination
Thailand$45.9M
New Zealand
Top Destination
China$12.3B

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

In 2023, no countries were registered that imported more from Tuvalu than from New Zealand.

In 2023, countries that imported more from New Zealand than Tuvalu included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

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

Comparative Advantage Tuvalu - New Zealand

Flow
Scale

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

During 2023, Tuvalu had a large net trade with New Zealand in the exports of Foodstuffs ($1.63k), Machines ($36), and Metals ($7).

During 2018, New Zealand had a large net trade with Tuvalu in the exports of Machines ($638k), Wood Products ($637k), and Miscellaneous ($489k).

Economic Complexity

Competitive Landscape

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

Product Space of Tuvalu (Flag) and New Zealand (Flag) (2023)

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