2022
Exports
$49.9MWorld Rnk 54 / 221
Flag Rnk 100 / 1168
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$186MWorld Rnk 54 / 224
Flag Rnk 51 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $49.9M in Excavation Machinery, making it the 54th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 100th most exported product in New Zealand. The main destination of Excavation Machinery exports from New Zealand are: Australia ($16.4M), United States ($13.2M), Singapore ($2.93M), France ($2.09M), and Fiji ($1.96M).

The fastest growing export markets for Excavation Machinery of New Zealand between 2021 and 2022 were United States ($3.06M), Singapore ($2.29M), and India ($1.4M).

Imports In 2022, New Zealand imported $186M in Excavation Machinery, becoming the 54th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 51st most imported product in New Zealand. New Zealand imports Excavation Machinery primarily from: China ($42.9M), Australia ($37.3M), United States ($15.1M), India ($13.3M), and Germany ($8.09M).

The fastest growing import markets in Excavation Machinery for New Zealand between 2021 and 2022 were Austria ($5.14M), China ($4.91M), and Singapore ($2.88M).

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 Excavation Machinery. 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)$49.9M
IMPORTS (2022)$186M
NET TRADE (2022)-$136M

In 2022, New Zealand exported $49.9M in Excavation Machinery. The main destinations of New Zealand exports on Excavation Machinery were Australia ($16.4M), United States ($13.2M), Singapore ($2.93M), France ($2.09M), and Fiji ($1.96M).

In 2022, New Zealand imported $186M in Excavation Machinery, mainly from China ($42.9M), Australia ($37.3M), United States ($15.1M), India ($13.3M), and Germany ($8.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
United States$3.06M (30.2%)
Singapore$2.29M (360%)
India$1.4M (1.36k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY New Zealand WERE (2021 - 2022):
France-$2.25M (-51.9%)
United Arab Emirates-$1.55M (-88.1%)
United Kingdom-$866k (-53.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $8.04M
TOP IMPORT POTENTIALChina+ $14.3M

Excavation Machinery’s highest export potential is United States. With an export gap of $8.04M.   Excavation Machinery’s highest import potential is China with an import gap of $14.3M.

See methodology.

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