Summary
- New Zealand → South Korea
- $1.6billion
- South Korea → New Zealand
- $4billion
- New Zealand’s balance
- -$2.5billion
Balance
New Zealand’s trade balance with South Korea
Trade between New Zealand and South Korea grew 5.3-fold since 1995
USD billions (current). New Zealand’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.6
- Imports 4
- Balance -2.5
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $825 million | $239 million | $586 million |
| 1996 | $839 million | $268 million | $570 million |
| 1997 | $765 million | $288 million | $477 million |
| 1998 | $517 million | $232 million | $285 million |
| 1999 | $612 million | $356 million | $256 million |
| 2000 | $724 million | $337 million | $387 million |
| 2001 | $759 million | $312 million | $447 million |
| 2002 | $637 million | $361 million | $277 million |
| 2003 | $714 million | $500 million | $214 million |
| 2004 | $912 million | $665 million | $247 million |
| 2005 | $896 million | $718 million | $178 million |
| 2006 | $987 million | $777 million | $210 million |
| 2007 | $1.2 billion | $888 million | $300 million |
| 2008 | $1.1 billion | $925 million | $196 million |
| 2009 | $870 million | $855 million | $15 million |
| 2010 | $1.2 billion | $1 billion | $165 million |
| 2011 | $1.5 billion | $1.2 billion | $272 million |
| 2012 | $1.3 billion | $1.4 billion | -$89 million |
| 2013 | $1.4 billion | $1.6 billion | -$227 million |
| 2014 | $1.5 billion | $1.9 billion | -$393 million |
| 2015 | $1.2 billion | $1.4 billion | -$232 million |
| 2016 | $1.1 billion | $1.6 billion | -$455 million |
| 2017 | $1.2 billion | $1.4 billion | -$158 million |
| 2018 | $1.4 billion | $2 billion | -$617 million |
| 2019 | $1.3 billion | $1.6 billion | -$305 million |
| 2020 | $1.2 billion | $1.8 billion | -$605 million |
| 2021 | $1.5 billion | $2.2 billion | -$727 million |
| 2022 | $1.8 billion | $3.3 billion | -$1.5 billion |
| 2023 | $1.7 billion | $3.7 billion | -$2 billion |
| 2024 | $1.6 billion | $4 billion | -$2.5 billion |
What they sell each other
What New Zealand sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to New Zealand
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Auckland and Busan is 5,244 nautical miles (9,712 km) long: ≈ 12–15.5 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was New Zealand’s 4th largest trading partner (6% of its trade), and New Zealand was South Korea’s 37th (0.4%).
- South Korea in New Zealand’s trade
- 6.1%
- South Korea’s rank among New Zealand’s partners
- 4th
- New Zealand in South Korea’s trade
- 0.4%
- New Zealand’s rank among South Korea’s partners
- 37th
Compare with
Other partners of New Zealand
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.