[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · NZL · 2024
New Zealand trade profile
In 2024, New Zealand recorded $43.2B in merchandise exports and $44.0B in imports, producing a $858.9M trade deficit. Exports changed +0.3% from the previous year, while imports changed -3.9%.[1]
Exports
$43.2B
+0.3%
Imports
$44.0B
-3.9%
Trade balance
-$858.9M
deficit
Active partners
270
31 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$12.3B
HS 04 · HS chapter
32 active HS6 lines · 162 export partners
2$5.1B
HS 02 · HS chapter
60 active HS6 lines · 115 export partners
3$3.1B
HS 08 · HS chapter
68 active HS6 lines · 113 export partners
4$3.1B
HS 44 · HS chapter
100 active HS6 lines · 93 export partners
5$1.7B
HS 19 · HS chapter
19 active HS6 lines · 105 export partners
6$1.6B
HS 22 · HS chapter
24 active HS6 lines · 136 export partners
7$1.5B
HS 84 · Machinery
514 active HS6 lines · 178 export partners
8$1.3B
HS 35 · HS chapter
15 active HS6 lines · 103 export partners
Leading export markets
Destinations rank bilateral export flows from New Zealand; growth describes each corridor rather than the whole economy.
1$11.2B
China
Annual change -6.9% · 3-year CAGR -8.3%
2$5.5B
United States
Annual change +3.3% · 3-year CAGR 4.7%
3$5.0B
Australia
Annual change -2.6% · 3-year CAGR -0.9%
4$2.4B
Japan
Annual change -0.3% · 3-year CAGR -1.9%
5$1.4B
South Korea
Annual change -8.6% · 3-year CAGR 0.6%
6$1.1B
Indonesia
Annual change +6.6% · 3-year CAGR 6.6%
7$1.1B
United Kingdom
Annual change +16.5% · 3-year CAGR 3.3%
8$971.0M
Taiwan
Annual change -0.9% · 3-year CAGR 0.7%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.