Trade Trend

In 2023, New Zealand's total export value is 42.19Billion USD, total import value is 50.50Billion USD, Deficit is -8.31Billion USD, and foreign trade dependency is 0.366. In 2023，New Zealand's top export products are Milk and cream; concentrated or containing added sugar or other sweetening matter(5.91Billion USD), Butter and other fats and oils derived from milk; dairy spreads(2.61Billion USD), Meat of bovine animals; frozen(2.38Billion USD), top export destinations are China(11.33Billion USD), Australia(5.42Billion USD), United States(5.08Billion USD). In 2023, New Zealand's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(7.03Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(4.23Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(1.41Billion USD), top import origins are China(10.45Billion USD), Australia(5.46Billion USD), United States(4.88Billion USD).

Comparing to 2022, New Zealand's total export value decreased -3.54Billion USD(-7.74%) in 2023, this could result from its export decreases of products such as Milk and cream; concentrated or containing added sugar or other sweetening matter(-938.31Million USD or -13.71%), Meat of sheep or goats; fresh, chilled or frozen(-500.40Million USD or -17.96%), Meat of bovine animals; frozen(-328.84Million USD or -12.12%) and export decreases to countries/economics such as China(-1.46Billion USD or -11.44%), Indonesia(-337.73Million USD or -25.67%), Japan(-325.97Million USD or -12.26%). Comparing to 2022, New Zealand's total import value decreased -4.24Billion USD(-7.75%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-563.72Million USD or -99.99%), Reagents; diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on a backing, whether or not put up in the form of kits, other than those of heading 30.06; certified reference materials(-450.71Million USD or -80.43%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-254.49Million USD or -41.32%), and its import decreases from countries/economies such as China(-2.20Billion USD or -17.40%), Australia(-614.84Million USD or -10.12%), United Arab Emirates(-581.59Million USD or -85.87%).

Cumulated to first 7 months of 2024, New Zealand's total export value is 18.64Billion USD, total import value is 18.96Billion USD, and tradedeficit is -316.55Million USD. Cumulated to first 7 months of 2024, New Zealand's top export products are Milk and cream; concentrated or containing added sugar or other sweetening matter(2.78Billion USD), Butter and other fats and oils derived from milk; dairy spreads(1.15Billion USD), Meat of sheep or goats; fresh, chilled or frozen(1.08Billion USD), and top export destinations are China(4.92Billion USD), United States(2.41Billion USD), Australia(2.12Billion USD). Cumulated to first 7 months of 2024, New Zealand's top import products are Milk and cream; concentrated or containing added sugar or other sweetening matter(2.78Billion USD), Butter and other fats and oils derived from milk; dairy spreads(1.15Billion USD), Meat of sheep or goats; fresh, chilled or frozen(1.08Billion USD), and top import origins areChina(4.02Billion USD), Australia(2.10Billion USD), United States(1.75Billion USD).