2023
Exports
$52.5MWorld Rnk 55 / 221
Flag Rnk 92 / 1166
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$183MWorld Rnk 56 / 224
Flag Rnk 48 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $52.5M in Excavation Machinery, making it the 55th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 92nd most exported product in New Zealand. The main destination of Excavation Machinery exports from New Zealand are: Australia ($17.9M), United States ($12.9M), Singapore ($3.85M), Canada ($1.73M), and Fiji ($1.48M).

The fastest growing export markets for Excavation Machinery of New Zealand between 2022 and 2023 were Australia ($3.66M), Singapore ($2M), and Netherlands ($432k).

Imports In 2023, New Zealand imported $183M in Excavation Machinery, becoming the 56th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 48th most imported product in New Zealand. New Zealand imports Excavation Machinery primarily from: China ($35.7M), Australia ($22M), United States ($20.6M), Germany ($14.3M), and Japan ($9.77M).

The fastest growing import markets in Excavation Machinery for New Zealand between 2022 and 2023 were Austria ($1.45M), Denmark ($816k), and Belgium ($779k).

Latest Trends

Jan 2025

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 (2023)$52.5M
IMPORTS (2023)$183M
NET TRADE (2023)-$131M

In 2023, New Zealand exported $52.5M in Excavation Machinery. The main destinations of New Zealand exports on Excavation Machinery were Australia ($17.9M), United States ($12.9M), Singapore ($3.85M), Canada ($1.73M), and Fiji ($1.48M).

In 2023, New Zealand imported $183M in Excavation Machinery, mainly from China ($35.7M), Australia ($22M), United States ($20.6M), Germany ($14.3M), and Japan ($9.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
Australia$3.66M (25.6%)
Singapore$2M (108%)
Netherlands$432k (84.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY New Zealand WERE (2022 - 2023):
India-$769k (-54.1%)
United States-$723k (-5.3%)
Germany-$597k (-55.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, New Zealand's main exporting competitors in Excavation Machinery were:
In 2023, 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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