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2022
Exports $610MWorld Rnk 47 / 149
Flag Rnk 15 / 1168
2022
Destination $213M Singapore
2021 - 2022
FASTEST GROWING MARKET $213MSingapore
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $453MWorld Rnk 61 / 158
Flag Rnk 14 / 1202
2022
Origin $420 United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $420Finland
2022
ECONOMIC COMPLEXITY of New Zealand0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $610M in Crude Petroleum, making it the 47th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 15th most exported product in New Zealand. The main destination of Crude Petroleum exports from New Zealand are: Singapore ($233M), Australia ($158M), Indonesia ($63.8M), China ($56M), and Thailand ($46.1M).

The fastest growing export markets for Crude Petroleum of New Zealand between 2021 and 2022 were Singapore ($213M), Indonesia ($63.8M), and China ($56M).

Imports In 2022, New Zealand imported $453M in Crude Petroleum, becoming the 61st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 14th most imported product in New Zealand. New Zealand imports Crude Petroleum primarily from: United Arab Emirates ($453M), Australia ($53.4k), India ($19.1k), Finland ($420), and Fiji ($96).

The fastest growing import markets in Crude Petroleum for New Zealand between 2021 and 2022 were Finland ($420).

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 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 (2022)$610M
IMPORTS (2022)$453M
NET TRADE (2022)$157M

In 2022, New Zealand exported $610M in Crude Petroleum. The main destinations of New Zealand exports on Crude Petroleum were Singapore ($233M), Australia ($158M), Indonesia ($63.8M), China ($56M), and Thailand ($46.1M).

In 2022, New Zealand imported $453M in Crude Petroleum, mainly from United Arab Emirates ($453M), Australia ($53.4k), India ($19.1k), Finland ($420), and Fiji ($96).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Singapore$213M (1.08k%)
Indonesia$63.8M (1%)
China$56M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY New Zealand WERE (2021 - 2022):
Australia-$113M (-41.8%)
United States-$29.3M (-48.7%)
United Arab Emirates-$614 (-100%)
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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 Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, New Zealand's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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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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