Analysis and Studies - Country Analysis
New Zealand: a look at the market
February 25th 2025
Overview
In 2023, New Zealand ranked as the 51st largest economy in the world by GDP (current US$), 61st in total exports, 59th in total imports, 28th in GDP per capita (current US$), and 43rd in terms of economic complexity according to the Economic Complexity Index (ECI).
Exports
New Zealand's leading exports include Concentrated Milk ($6.28B), Butter ($2.54B), Frozen Bovine Meat ($2.45B), Sheep and Goat Meat ($2.35B), and Rough Wood ($2.19B). The primary destinations for these exports are China ($12.3B), the United States ($5.42B), Australia ($5.2B), Japan ($2.62B), and South Korea ($1.37B). In 2023, New Zealand was the world’s largest exporter of Concentrated Milk ($6.28B), Butter ($2.54B), Rough Wood ($2.19B), Casein ($1.06B), and Honey ($267M).
Imports
New Zealand’s top imports include Refined Petroleum ($6.99B), Cars ($4.22B), Gas Turbines ($1.53B), Broadcasting Equipment ($1.33B), and Delivery Trucks ($1.3B). The main suppliers of these imports are China ($10.2B), Australia ($5.46B), the United States ($4.75B), South Korea ($3.71B), and Japan ($3.39B).
Location
New Zealand is bordered by Australia, Fiji, Tonga, and Norfolk Island by sea.
Source: https://oec.world/
