2023
Exports
$14.7MWorld Rnk 55 / 207
Flag Rnk 207 / 1166
2023
PRODUCT COMPLEXITY IN Thermostats
1.17Rnk 113 / 1025
2023
Imports
$55.4MWorld Rnk 55 / 223
Flag Rnk 165 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $14.7M in Thermostats, making it the 55th largest exporter of Thermostats in the world. At the same year, Thermostats was the 207th most exported product in New Zealand. The main destination of Thermostats exports from New Zealand are: Australia ($4.97M), Chinese Taipei ($2.22M), India ($2.13M), United States ($1.02M), and China ($638k).

The fastest growing export markets for Thermostats of New Zealand between 2022 and 2023 were Chinese Taipei ($1.11M), India ($619k), and Nigeria ($317k).

Imports In 2023, New Zealand imported $55.4M in Thermostats, becoming the 55th largest importer of Thermostats in the world. At the same year, Thermostats was the 165th most imported product in New Zealand. New Zealand imports Thermostats primarily from: United States ($19.2M), China ($7.47M), Germany ($4.62M), Australia ($4.62M), and Japan ($2.62M).

The fastest growing import markets in Thermostats for New Zealand between 2022 and 2023 were United States ($3.53M), France ($659k), and Vietnam ($488k).

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 Thermostats. 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)$14.7M
IMPORTS (2023)$55.4M
NET TRADE (2023)-$40.8M

In 2023, New Zealand exported $14.7M in Thermostats. The main destinations of New Zealand exports on Thermostats were Australia ($4.97M), Chinese Taipei ($2.22M), India ($2.13M), United States ($1.02M), and China ($638k).

In 2023, New Zealand imported $55.4M in Thermostats, mainly from United States ($19.2M), China ($7.47M), Germany ($4.62M), Australia ($4.62M), and Japan ($2.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
Chinese Taipei$1.11M (100%)
India$619k (41%)
Nigeria$317k (45.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY New Zealand WERE (2022 - 2023):
Australia-$860k (-14.8%)
Japan-$811k (-98.3%)
United States-$349k (-25.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.57M
TOP IMPORT POTENTIALChina+ $4.03M

Thermostats’s highest export potential is United States. With an export gap of $2.57M.   Thermostats’s highest import potential is China with an import gap of $4.03M.

See methodology.

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