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New Zealand trade in 2024

In 2024, New Zealand exported $45.3 billion and imported $46.9 billion, a trade deficit of $1.5 billion. It was the world's 62nd-largest exporter, with 0.2% of world exports. Its top export was powdered and condensed milk (13.5% of the total) and its main trading partner was China (23.1% of its trade).

Summary

Exports
$45.3billion
Imports
$46.9billion
Trade balance
-$1.5billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Powdered and condensed milk (13.5%) and butter and milk fats (6%) together make up 19.5% of its exports.

  1. Powdered and condensed milk$6.1 billion · 13.5%
    Main partner: China
  2. Butter and milk fats$2.7 billion · 6%
    Main partner: China
  3. Other fresh fruit (berries, kiwi)$2.7 billion · 6%
    Main partner: China
  4. Frozen beef$2.3 billion · 5.1%
    Main partner: United States
  5. Lamb and goat meat$2.2 billion · 4.9%
    Main partner: China
  6. Logs$2.2 billion · 4.8%
    Main partner: China
  7. Cheese$1.7 billion · 3.8%
    Main partner: China
  8. Malt extract and food mixes$1.6 billion · 3.5%
    Main partner: China
  9. Wine$1.4 billion · 3%
    Main partner: United States
  10. Fresh milk and cream$981 million · 2.2%
    Main partner: China

What it imports

Refined petroleum (12.3%) and cars (6.7%) together make up 19% of its imports.

  1. Refined petroleum$5.8 billion · 12.3%
    Main partner: South Korea
  2. Cars$3.1 billion · 6.7%
    Main partner: Japan
  3. Turbojets and gas turbines$1.8 billion · 3.9%
    Main partner: United States
  4. Cameras and broadcast equipment$1.2 billion · 2.6%
    Main partner: China
  5. Airplanes and helicopters$1.1 billion · 2.4%
    Main partner: United States
  6. Trucks$1 billion · 2.2%
    Main partner: Thailand
  7. Medicines in measured doses or retail packs$943 million · 2%
    Main partner: Australia
  8. Computers$899 million · 1.9%
    Main partner: China
  9. Other food preparations$456 million · 0.97%
    Main partner: Australia
  10. Medical and dental instruments$417 million · 0.89%
    Main partner: United States
By Harmonized System chapter (96)
ChapterExportsImports
04 · Dairy, eggs and honey$12.6 billion$168 million
02 · Meat and offal$5.3 billion$258 million
08 · Fruit and nuts$3.5 billion$329 million
44 · Wood$3.2 billion$338 million
19 · Baked goods and cereal products$1.8 billion$461 million
22 · Beverages and spirits$1.7 billion$501 million
84 · Mechanical machinery$1.5 billion$6.8 billion
35 · Glues, starches and enzymes$1.4 billion$141 million
03 · Fish and seafood$1.2 billion$112 million
21 · Food preparations$1.1 billion$727 million
85 · Electrical and electronic equipment$1 billion$4.3 billion
76 · Aluminum$906 million$381 million
27 · Oil, gas and coal$861 million$6.1 billion
90 · Precision and medical instruments$799 million$1.6 billion
71 · Gems and precious metals$700 million$254 million
30 · Pharmaceuticals$492 million$1.4 billion
47 · Wood pulp$479 million$37 million
72 · Iron and steel$452 million$333 million
05 · Other animal products$407 million$37 million
16 · Prepared meat and fish$399 million$148 million
23 · Animal feed and food waste$376 million$1 billion
07 · Vegetables$363 million$80 million
15 · Fats and oils$344 million$339 million
39 · Plastics$341 million$1.7 billion
12 · Oilseeds and grains$312 million$97 million
51 · Wool$312 million$24 million
29 · Organic chemicals$298 million$295 million
48 · Paper and paperboard$292 million$764 million
87 · Vehicles$290 million$5.2 billion
20 · Preserved fruit and vegetables$247 million$368 million
26 · Ores and slag$208 million$4 million
88 · Aircraft and spacecraft$177 million$1.4 billion
01 · Live animals$170 million$46 million
41 · Hides and leather$168 million$2 million
73 · Iron and steel products$157 million$734 million
33 · Perfumes and cosmetics$127 million$578 million
74 · Copper$123 million$146 million
89 · Ships and boats$119 million$182 million
17 · Sugar and sweets$112 million$387 million
94 · Furniture and lighting$103 million$853 million
38 · Miscellaneous chemicals$86 million$402 million
18 · Cocoa and chocolate$82 million$308 million
32 · Dyes, paints and tanning agents$74 million$245 million
34 · Soap and cleaning products$56 million$305 million
57 · Carpets and rugs$53 million$112 million
63 · Home textiles and used clothing$51 million$285 million
06 · Live plants and flowers$44 million$12 million
40 · Rubber$41 million$484 million
25 · Salt, stone and cement$41 million$187 million
95 · Toys and sports gear$37 million$510 million
68 · Stone, plaster and cement articles$37 million$191 million
83 · Miscellaneous metal goods$35 million$225 million
97 · Art and antiques$34 million$36 million
61 · Knitted clothing$28 million$646 million
82 · Tools and cutlery$27 million$193 million
62 · Woven clothing$27 million$594 million
56 · Felt, nonwovens and rope$20 million$77 million
70 · Glass$20 million$245 million
11 · Milling products and malt$19 million$61 million
49 · Books and printed matter$19 million$133 million
86 · Railway equipment$19 million$147 million
59 · Coated and technical textiles$17 million$37 million
28 · Inorganic chemicals$15 million$432 million
96 · Other manufactured goods$14 million$101 million
91 · Watches and clocks$14 million$102 million
64 · Footwear$13 million$315 million
42 · Leather goods and bags$11 million$210 million
55 · Synthetic staple fibers$10 million$41 million
09 · Coffee, tea and spices$9 million$152 million
10 · Cereals$8 million$247 million
65 · Hats$8 million$51 million
69 · Ceramics$6 million$133 million
93 · Weapons and ammunition$6 million$71 million
13 · Gums and plant extracts$5 million$42 million
31 · Fertilizers$5 million$508 million
14 · Other plant products$4 million$2 million
78 · Lead$4 million$2 million
36 · Explosives and matches$4 million$18 million
52 · Cotton$3 million$13 million
79 · Zinc$3 million$31 million
54 · Synthetic filaments$3 million$53 million
66 · Umbrellas and canes$3 million$12 million
67 · Feathers and artificial flowers$2 million$9 million
24 · Tobacco$2 million$114 million
43 · Fur and fur goods$2 million$5 million
92 · Musical instruments$2 million$20 million
37 · Photographic goods$2 million$26 million
80 · Tin$2 million$11 million
60 · Knitted fabric$1 million$18 million
58 · Special fabrics and lace$1 million$11 million
81 · Other base metals$834 thousand$6 million
53 · Other plant fibers$773 thousand$11 million
75 · Nickel$358 thousand$13 million
46 · Wicker and basketware$95 thousand$7 million
50 · Silk$73 thousand$1 million
45 · Cork$60 thousand$3 million

Trading partners

China is its main destination (25.2% of exports) and source (21.1% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
China11.425.2%Sea
United States5.712.6%Sea
Australia5.211.4%Sea
Japan2.55.5%Sea
South Korea1.63.5%Sea
Indonesia1.22.7%Sea
United Kingdom1.12.4%Sea
Taiwan12.3%Sea
Malaysia0.972.1%Sea
Thailand0.861.9%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China9.921.1%Sea
Australia5.211.1%Sea
United States4.810.2%Sea
South Korea48.6%Sea
Japan2.65.5%Sea
Singapore2.55.4%Sea
Germany1.94.1%Sea
Thailand1.83.8%Sea
United Kingdom1.42.9%Air
Malaysia1.32.8%Sea

Overview 1995–2024

In 2024, New Zealand accounted for 0.2% of world exports, compared with 0.29% in 1995.

Exports and imports

Exports tripled since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 45.3
  • Imports 46.9
  • Balance -1.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$14.6 billion$14.5 billion$10 million
1996$15.6 billion$15.3 billion$354 million
1997$15.6 billion$14.9 billion$661 million
1998$14.1 billion$11.8 billion$2.2 billion
1999$14.3 billion$14.7 billion-$496 million
2000$15.4 billion$14.2 billion$1.1 billion
2001$16 billion$13.6 billion$2.4 billion
2002$16.4 billion$15.3 billion$1 billion
2003$19 billion$19.1 billion-$89 million
2004$22.5 billion$23.6 billion-$1.1 billion
2005$24.2 billion$26.5 billion-$2.3 billion
2006$25.2 billion$26.7 billion-$1.6 billion
2007$29.1 billion$31.1 billion-$2 billion
2008$32.8 billion$34.9 billion-$2.1 billion
2009$26.9 billion$25.6 billion$1.3 billion
2010$32.7 billion$30.9 billion$1.9 billion
2011$39.2 billion$37.1 billion$2.1 billion
2012$39 billion$38.4 billion$570 million
2013$40.9 billion$39.8 billion$1.1 billion
2014$43.9 billion$43 billion$947 million
2015$37 billion$36.7 billion$279 million
2016$35.7 billion$36.3 billion-$553 million
2017$40 billion$40.1 billion-$95 million
2018$42.2 billion$44.1 billion-$1.8 billion
2019$41.6 billion$42.6 billion-$1.1 billion
2020$40.2 billion$37 billion$3.2 billion
2021$46.2 billion$49.7 billion-$3.5 billion
2022$48.4 billion$54.8 billion-$6.4 billion
2023$45.3 billion$50.4 billion-$5.1 billion
2024$45.3 billion$46.9 billion-$1.5 billion

World rank

New Zealand fell from 45th to 62nd among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 45th in 1995
  • 62nd in 2024

Source: CEPII BACI

Show the numbers
YearRank
199545th
199647th
199747th
199845th
199946th
200051st
200150th
200250th
200352nd
200452nd
200555th
200658th
200759th
200862nd
200960th
201061st
201161st
201261st
201360th
201458th
201559th
201655th
201756th
201858th
201957th
202055th
202157th
202264th
202361st
202462nd

What it sells

Dairy, eggs and honey became its top export group: from 13% to 28%

% of exports by Harmonized System chapter.

  • Other 32%
  • Glues, starches and enzymes 3%
  • Mechanical machinery 3%
  • Beverages and spirits 4%
  • Baked goods and cereal products 4%
  • Wood 7%
  • Fruit and nuts 8%
  • Meat and offal 12%
  • Dairy, eggs and honey 28%

Source: CEPII BACI

Show the numbers
Chapter19952024
Dairy, eggs and honey12.6%27.7%
Meat and offal13.4%11.6%
Fruit and nuts4%7.8%
Wood8.3%7.1%
Baked goods and cereal products0.68%3.9%
Beverages and spirits0.51%3.7%
Mechanical machinery4.2%3.4%
Glues, starches and enzymes2.9%3%
Other53.5%31.8%

Who it trades with

China went from 3% to 23% of New Zealand's trade

% of total trade (exports + imports) with each partner.

  • China 23%
  • United States 11%
  • Australia 11%
  • South Korea 6%
  • Japan 6%

Source: CEPII BACI

Show the numbers
Partner19952024
China3.1%23.1%
United States13.9%11.4%
Australia21.8%11.2%
South Korea3.7%6.1%
Japan15.2%5.5%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Huntly power stationPower · 2.7 Mt CO₂e
  • Taranaki basinOil and gas · 1.3 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Auckland$100 billion (PPP, 2021 dollars)
  • Wellington$31.5 billion (PPP, 2021 dollars)
  • Christchurch$24.8 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Main partners

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