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2022
Exports $32MWorld Rnk 1 / 80
Flag Rnk 133 / 1168
2022
Destination $2.02M United States
2021 - 2022
FASTEST GROWING MARKET $2.02MAustralia
2022
Imports $3.46MWorld Rnk 19 / 154
Flag Rnk 712 / 1202
2022
Origin $1.84MN/A
2021 - 2022
FASTEST GROWING ORIGIN $1.84MUnited States
2022
ECONOMIC COMPLEXITY of New Zealand0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $32M in Animal Extracts, making it the 1st largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 133rd most exported product in New Zealand. The main destination of Animal Extracts exports from New Zealand are: United States ($14M), Canada ($6.68M), South Korea ($6.43M), Australia ($2.6M), and Germany ($916k).

The fastest growing export markets for Animal Extracts of New Zealand between 2021 and 2022 were Australia ($2.02M), Indonesia ($142k), and Chinese Taipei ($115k).

Imports In 2022, New Zealand imported $3.46M in Animal Extracts, becoming the 19th largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 712th most imported product in New Zealand. New Zealand imports Animal Extracts primarily from: N/A.

The fastest growing import markets in Animal Extracts for New Zealand between 2021 and 2022 were United States ($1.84M), Australia ($128k), and France ($33.8k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal Extracts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32M
IMPORTS (2022)$3.46M
NET TRADE (2022)$28.5M

In 2022, New Zealand exported $32M in Animal Extracts. The main destinations of New Zealand exports on Animal Extracts were United States ($14M), Canada ($6.68M), South Korea ($6.43M), Australia ($2.6M), and Germany ($916k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Australia$2.02M (346%)
Indonesia$142k (148%)
Chinese Taipei$115k (265%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY New Zealand WERE (2021 - 2022):
South Korea-$7.48M (-53.7%)
Canada-$6.5M (-49.3%)
China-$1.7M (-92.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Animal Extracts were:
Italy $28.2M
China $25.8M
In 2022, New Zealand's main importing competitors in Animal Extracts were:
United States $37M
Japan $35.9M
Germany $26.5M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $184k
TOP IMPORT POTENTIALThailand+ $13.3k

Animal Extracts’s highest export potential is Japan. With an export gap of $184k.   Animal Extracts’s highest import potential is Thailand with an import gap of $13.3k.

See methodology.

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