OVERVIEW
New Zealand is a South Pacific country known for its beautiful landscapes, cultural heritage, modern value and deep-rooted Māori traditions.
The nation stands out for its commitment to sustainability, innovation and social equity and its economy, shaped by agriculture, tourism and energy is a reflection of this phenomenon.
In 2023, New Zealand ranked
- 51st in terms of GDP, currently valued as $252B, out of 195 economies in the world;
- 62nd in terms of total exports out of 226 countries;
- 28th in terms of GDP per capita, valued with current US$, out of 196 economies in the world.
ECONOMIC COMPLEXITY RANKING
EXPORT
In 2023 it was estimated that the principal products that were exported from New Zealand were
- Concentrated Milk - $6.28B;
- Butter - $2.54B;
- Frozen Bovine Meat - $2.45B;
- Sheep and Goat Meat - $2.35B;
- Rough Wood - $2.19B.
On the other hand, the commonest destinations for New Zealand exports were
- China - $12.3B;
- United States - $5.42B;
- Australia - $5.2B;
- Japan - $2.62B;
- South Korea - $1.37B.
Lastly, in the latest year it was revealed that the country was the world’s largest exporter of numerous items, like
- Milk - $6.28B;
- Butter - $2.62B;
- Rough Wood - $2.19B;
- Casein - $1.06B;
- Honey - $268M.
IMPORT
In 2023 the most imported products from other countries to New Zealand were
- Refined Petroleum - $6.99B;
- Cars - $4.22B;
- Gas Turbines - $1.53B;
- Broadcasting Equipment - $1.33B;
- Delivery Trucks - $1.3B.
These goods are mainly produced by
- China - $10.2B;
- Australia - $5.46B;
- United States - $4.75B;
- South Korea - $3.71B;
- Japan - $3.39B.
YEARLY TRADE
During the last five reported years, the exports of New Zealand have increased by $2B, from $41.8B in 2018 to $43.8B in 2023.
The most recent exports are led by
- Concentrated Milk - $6.16B;
- Butter - $2.73B;
- Frozen Bovine Meat - $2.42B;
- Sheep and Goat Meat - $2.34B;
- Cheese - $1.88B.
They were exported primarily to
- China - $11.5B;
- Australia - $5.32B;
- United States - $5.27B;
- Japan - $2.58B;
- South Korea - $1.37B.
CONCLUSIONS
New Zealand stands out as a reflection of how harmony between people, land and economy can shape a distinctive national character.
Its strength is a reminder that economic growth and cultural depth are deeply intertwined, in a balance that allows evolution while remaining faithful to our own origins.
Source: https://oec.world/en
