2023
Exports
$447MWorld Rnk 49 / 150
Flag Rnk 18 / 1166
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$35.9kWorld Rnk 111 / 159
Flag Rnk 1128 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $447M in Crude Petroleum, making it the 49th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 18th most exported product in New Zealand. The main destination of Crude Petroleum exports from New Zealand are: Australia ($223M), Singapore ($128M), China ($34M), Indonesia ($31.1M), and Japan ($16.1M).

The fastest growing export markets for Crude Petroleum of New Zealand between 2022 and 2023 were Japan ($16.1M), Australia ($6.47M), and American Samoa ($1.78k).

Imports In 2023, New Zealand imported $35.9k in Crude Petroleum, becoming the 111th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1128th most imported product in New Zealand. New Zealand imports Crude Petroleum primarily from: Poland ($24.9k), Australia ($7.08k), and Italy ($3.97k).

The fastest growing import markets in Crude Petroleum for New Zealand between 2022 and 2023 were Poland ($24.9k) and Italy ($3.97k).

Latest Trends

Dec 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 Crude Petroleum. 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 (2023)$447M
IMPORTS (2023)$35.9k
NET TRADE (2023)$447M

In 2023, New Zealand exported $447M in Crude Petroleum. The main destinations of New Zealand exports on Crude Petroleum were Australia ($223M), Singapore ($128M), China ($34M), Indonesia ($31.1M), and Japan ($16.1M).

In 2023, New Zealand imported $35.9k in Crude Petroleum, mainly from Poland ($24.9k), Australia ($7.08k), and Italy ($3.97k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
Japan$16.1M (1%)
Australia$6.47M (2.99%)
American Samoa$1.78k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY New Zealand WERE (2022 - 2023):
China-$50.9M (-60%)
Thailand-$34M (-69.7%)
United States-$30.8M (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, New Zealand's main exporting competitors in Crude Petroleum were:
In 2023, New Zealand's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $89.9M
TOP IMPORT POTENTIALAustralia+ $375k

Crude Petroleum’s highest export potential is China. With an export gap of $89.9M.   Crude Petroleum’s highest import potential is Australia with an import gap of $375k.

See methodology.

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