2022
Exports
$2.78BWorld Rnk 1 / 148
Flag Rnk 3 / 1168
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$9.93MWorld Rnk 77 / 220
Flag Rnk 511 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $2.78B in Butter, making it the 1st largest exporter of Butter in the world. At the same year, Butter was the 3rd most exported product in New Zealand. The main destination of Butter exports from New Zealand are: China ($763M), Australia ($206M), Philippines ($144M), Saudi Arabia ($143M), and Indonesia ($142M).

The fastest growing export markets for Butter of New Zealand between 2021 and 2022 were China ($236M), Indonesia ($71.4M), and Australia ($63.1M).

Imports In 2018, New Zealand imported $9.93M in Butter, becoming the 77th largest importer of Butter in the world. At the same year, Butter was the 511th most imported product in New Zealand. New Zealand imports Butter primarily from: New Zealand ($4.85M), India ($2.41M), Ireland ($1.2M), Australia ($954k), and Belgium ($263k).

The fastest growing import markets in Butter for New Zealand between 2021 and 2022 were New Zealand ($3.92M), Ireland ($1.2M), and India ($1.18M).

Latest Trends

Aug 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 Butter. 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)$2.78B
IMPORTS (2022)$9.93M
NET TRADE (2022)$2.77B

In 2022, New Zealand exported $2.78B in Butter. The main destinations of New Zealand exports on Butter were China ($763M), Australia ($206M), Philippines ($144M), Saudi Arabia ($143M), and Indonesia ($142M).

In 2022, New Zealand imported $9.93M in Butter, mainly from New Zealand ($4.85M), India ($2.41M), Ireland ($1.2M), Australia ($954k), and Belgium ($263k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
China$236M (44.8%)
Indonesia$71.4M (101%)
Australia$63.1M (44.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY New Zealand WERE (2021 - 2022):
Russia-$38.1M (-62.4%)
Vietnam-$27.7M (-35.2%)
Chile-$11.6M (-41.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Butter were:
In 2022, New Zealand's main importing competitors in Butter were:

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALBelgium+ $163k

Butter’s highest export potential is United States. With an export gap of $13.8M.   Butter’s highest import potential is Belgium with an import gap of $163k.

See methodology.

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