List of the largest trading partners of New Zealand

Last updated

This is a list of the largest two-way trading partners of New Zealand, based on data released by the Statistics New Zealand for the 2023 calendar year. [1] [2] [3] [4]

Contents

Largest trading partners

The 10 largest trading partners of New Zealand with their total trade (sum of imports and exports) in millions of New Zealand dollars and the total trade for all countries for the 2023 calendar year were as follows: [1] [2] [3] [4]

RankCountry/DistrictExportsImportsTotal Trade Trade Balance Share of Total Trade
1Flag of the People's Republic of China.svg  People's Republic of China 20,61117,16137,7723,44918.4%
2Flag of Australia (converted).svg  Australia 14,71016,28530,995-1,57515.1%
3Flag of the United States.svg  United States of America 14,26111,62325,8842,63812.6%
4Flag of Europe.svg  European Union 5,71814,96920,687-9,25210.1%
5Flag of Singapore.svg  Singapore 2,3227,91910,241-5,5975.0%
6Flag of Japan.svg  Japan 4,2955,5459,839-1,2504.8%
7Flag of South Korea.svg  South Korea 2,7875,9658,752-3,1784.3%
8Flag of the United Kingdom.svg  United Kingdom 2,8753,4036,278-5273.1%
9Flag of Malaysia.svg  Malaysia 1,5153,2934,808-1,7782.3%
10Flag of Thailand.svg  Thailand 1,4243,0174,441-1,5932.2%
11Flag of Indonesia.svg  Indonesia 1,7001,3953,0953061.5%
12Flag of the Republic of China.svg  Taiwan 1,8101,1022,9124401.4%
13Flag of Vietnam.svg  Vietnam 1,0781,5512,629-4731.3%
14Flag of India.svg  India 1,2281,4482,676491.3%
15Flag of Canada (Pantone).svg  Canada 1,3561,0132,3693431.2%
Total all economies94,349111,485205,834-17,136100.0%

Top export markets

The 15 largest export markets of New Zealand in millions of New Zealand dollars for the 2023 calendar year were as follows: [1] [2] [3] [4]

RankCountry/DistrictValue (NZD Million)Share of overall exports
1Flag of the People's Republic of China.svg  People's Republic of China 20,61121.8%
2Flag of Australia (converted).svg  Australia 14,71015.6%
3Flag of the United States.svg  United States of America 14,26115.1%
4Flag of Europe.svg  European Union 5,7186.1%
5Flag of Japan.svg  Japan 4,2954.6%
6Flag of the United Kingdom.svg  United Kingdom 2,8753.0%
7Flag of South Korea.svg  South Korea 2,7873.0%
8Flag of Singapore.svg  Singapore 2,3222.5%
9Flag of the Republic of China.svg  Taiwan 1,8101.9%
10Flag of Indonesia.svg  Indonesia 1,7001.8%
11Flag of Malaysia.svg  Malaysia 1,5151.6%
12Flag of Thailand.svg  Thailand 1,4241.5%
13Flag of Canada (Pantone).svg  Canada 1,3561.4%
14Flag of India.svg  India 1,2281.3%
15Flag of Vietnam.svg  Vietnam 1,0781.1%
Total all economies94,349100.0%

Top import sources

The 15 largest import sources to New Zealand in millions of New Zealand dollars for the 2023 calendar year were as follows: [1] [2] [3] [4]

RankCountry/DistrictValue (NZD Million)Share of overall imports
1Flag of the People's Republic of China.svg  People's Republic of China 17,16115.4%
2Flag of Australia (converted).svg  Australia 16,28514.6%
3Flag of the United States.svg  United States of America 11,62310.4%
4Flag of Europe.svg  European Union 14,96913.4%
5Flag of Singapore.svg  Singapore 7,9197.1%
6Flag of South Korea.svg  South Korea 5,9655.4%
7Flag of Japan.svg  Japan 5,5455.0%
8Flag of the United Kingdom.svg  United Kingdom 3,4033.1%
9Flag of Malaysia.svg  Malaysia 3,2933.0%
10Flag of Thailand.svg  Thailand 3,0172.7%
11Flag of Switzerland (Pantone).svg   Switzerland 1,8731.7%
12Flag of Vietnam.svg  Vietnam 1,5511.4%
13Flag of India.svg  India 1,4481.3%
14Flag of Indonesia.svg  Indonesia 1,3951.3%
15Flag of the Republic of China.svg  Taiwan 1,1021.0%
Total all economies111,485100.0%

See also

Related Research Articles

<span class="mw-page-title-main">Economy of Georgia (country)</span>

The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer.

<span class="mw-page-title-main">Demographics of New Zealand</span>

The demographics of New Zealand encompass the gender, ethnic, religious, geographic, and economic backgrounds of the 5.3 million people living in New Zealand. New Zealanders predominantly live in urban areas on the North Island. The five largest cities are Auckland, Wellington, Christchurch, Hamilton, and Tauranga. Few New Zealanders live on New Zealand's smaller islands. Waiheke Island is easily the most populated smaller island with 9,140 residents, while Great Barrier Island, the Chatham and Pitt Islands, and Stewart Island each have populations below 1,000. New Zealand is part of a realm and most people born in the realm's external territories of Tokelau, the Ross Dependency, the Cook Islands and Niue are entitled to New Zealand passports.

<span class="mw-page-title-main">Economy of New Zealand</span>

The economy of New Zealand is a highly developed free-market economy. It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). New Zealand has one of the most globalised economies and depends greatly on international trade, mainly with China, Australia, the European Union, the United States, Japan and Korea. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. Among OECD nations, New Zealand has a highly efficient and strong social security system; social expenditure stood at roughly 19.4% of GDP.

The economy of Samoa is dependent on agricultural exports, development aid and private financing from overseas. The country is vulnerable to devastating storms, earthquakes, tsunamis. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra. Outside a large automotive wire harness factory, the manufacturing sector mainly processes agricultural products. Tourism is an expanding sector; more than 70,000 tourists visited the islands in 1996 and 120,000 in 2014. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline. Observers point to the flexibility of the labor market as a basic strength factor for future economic advances.

<span class="mw-page-title-main">Economy of Vietnam</span>

The economy of Vietnam is a developing mixed socialist-oriented market economy. It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.

<span class="mw-page-title-main">Economy of Vanuatu</span>

Vanuatu's economy is primarily agricultural; 80% of the population is engaged in agricultural activities that range from subsistence farming to smallholder farming of coconuts and other cash crops.

<span class="mw-page-title-main">Wellington region</span> Region of New Zealand

Greater Wellington, also known as the Wellington Region, is a non-unitary region of New Zealand that occupies the southernmost part of the North Island. The region covers an area of 8,049 square kilometres (3,108 sq mi), and has a population of 550,600.

<span class="mw-page-title-main">Tourism in New Zealand</span>

Tourism in New Zealand comprised an important sector of the national economy – tourism directly contributed NZ$16.2 billion of the country's GDP in the year ended March 2019. As of 2016 tourism supported 188,000 full-time-equivalent jobs. The flow-on effects of tourism indirectly contributed a further 4.3% of GDP. Despite the country's geographical isolation, spending by international tourists accounted for 17.1% of New Zealand's export earnings. International and domestic tourism contributed, in total, NZ$34 billion to New Zealand's economy every year as of 2017.

<span class="mw-page-title-main">New Zealand</span> Island country in the southwest Pacific Ocean

New Zealand is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island and the South Island —and over 600 smaller islands. It is the sixth-largest island country by area and lies east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland.

<span class="mw-page-title-main">Agriculture in New Zealand</span> Overview of agriculture in New Zealand

In New Zealand, agriculture is the largest sector of the tradable economy. The country exported NZ$46.4 billion worth of agricultural products in the 12 months to June 2019, 79.6% of the country's total exported goods. The agriculture, forestry and fisheries sector directly contributed $12.653 billion of the national GDP in the 12 months to September 2020, and employed 143,000 people, 5.9% of New Zealand's workforce, as of the 2018 census.

<span class="mw-page-title-main">Manufacturing in the United States</span>

Manufacturing is a vital economic sector in the United States of America. The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion.

<span class="mw-page-title-main">Tauranga</span> Coastal city in the Bay of Plenty Region, New Zealand

Tauranga is a coastal city in the Bay of Plenty Region and the fifth-most populous city of New Zealand, with an urban population of 162,800, or roughly 3% of the national population. It was settled by Māori late in the 13th century and colonised by Europeans in the early 19th century. It was constituted as a city in 1963.

Foreign trade in India includes all imports and exports to and from India. At the level of the Central Government, trade is administered by the Ministry of Commerce and Industry. Foreign trade accounted for 48.8% of India's GDP in 2018.

<span class="mw-page-title-main">Chile–New Zealand relations</span> Bilateral relations between Chile and New Zealand

Chile–New Zealand relations are the diplomatic relations between the Republic of Chile and New Zealand. Both nations are mutual members of the Asia-Pacific Economic Cooperation, Cairns Group, OECD and the United Nations.

<span class="mw-page-title-main">Economic history of New Zealand</span>

The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea. It is a mixed economy that functions on free-market principles and has a sizable manufacturing and service sector and an efficient agricultural sector. New Zealand has the 54th largest export economy in the world measured by nominal gross domestic product. In 2016, New Zealand exported a total of NZ$35.1billion and imported a total of NZ$35.4 billion, with its top exports being concentrated milk and the top imports being cars. New Zealand has an extremely diverse market economy with a sizable service sector that accounted for 63% of all GDP in 2013. Other industries including mining, manufacturing, waste services, electricity and gas accounted for 16.5% of GDP in 2013 while the primary sector only accounted for 6.5% of GDP, despite continually dominating New Zealand's exports. The biggest capital market for New Zealand is known as the New Zealand Exchange. As of June 2018 the NZX had listed over 300 securities with a market capitalization of NZD $164.5 billion.

References

  1. 1 2 3 4 "International trade: March 2023 quarter | Stats NZ". www.stats.govt.nz. Retrieved 2024-09-09.
  2. 1 2 3 4 "International trade: June 2023 quarter | Stats NZ". www.stats.govt.nz. Retrieved 2024-09-09.
  3. 1 2 3 4 "International trade: September 2023 quarter | Stats NZ". www.stats.govt.nz. Retrieved 2024-09-09.
  4. 1 2 3 4 "International trade: December 2023 quarter | Stats NZ". www.stats.govt.nz. Retrieved 2024-09-09.