# New Zealand HS 040229 exports | Yugalinks

Explore reported HS 040229 exports from New Zealand: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | New Zealand |
| HS6 | 040229 |
| Latest exports | $61.6M |
| Active destinations | 51 |
| Three-year growth | -12.5% |
| Destination HHI | 1,050 |
| Weighted share | 54.8% |

## Destination markets

- Saudi Arabia: $6.9M; share 24.4%; growth +212.7%
- United Arab Emirates: $522.6K; share 4.2%; growth +144.3%
- China: $508.8K; share 2.1%; growth -71.9%

## Price intelligence

- Highest reported market price: Republic of Korea at $123.4K / ton.
- Lowest reported market price: Bahrain at $187.8 / ton.
- Median reported price: $4.5K / ton.
- Price spread: 2,741.3%.

## Export history

- 2010: $75.2M
- 2011: $84.3M
- 2012: $80.4M
- 2013: $94.2M
- 2014: $71.1M
- 2015: $64.1M
- 2016: $45.9M
- 2017: $56.5M
- 2018: $54.0M
- 2019: $65.0M
- 2020: $72.4M
- 2021: $48.3M
- 2022: $42.1M
- 2023: $151.9M
- 2024: $32.4M

## Methods

Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/nzl/040229",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/040229",
    "exporter": "https://www.yugalinks.com/trade/exporter/nzl/040229",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "040229",
    "exporter_iso3": "NZL",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 140,
    "current_lane_count": 51,
    "active_market_count": 51,
    "exports_latest_observed_lanes_usd": 61555023.19887238,
    "exports_current_2024_usd": 32380005.623781048,
    "exports_avg_3y_usd": 75442563.92610283,
    "exports_avg_5y_usd": 69403823.57354996,
    "exports_avg_10y_usd": 63249407.37271887,
    "exports_cagr_3y_pct": -12.503532458755839,
    "exports_cagr_5y_pct": -13.012770656649774,
    "exports_cagr_10y_pct": -7.567769948495096,
    "exports_all_year_lane_avg_usd": 93103871.16787644,
    "exports_historical_lane_peak_usd": 491964730.56309974,
    "historical_peak_year": 2023,
    "positive_growth_year_share_pct": 58.62068965517241,
    "trend_acceleration_pct": -4.9357625102607425,
    "trend_label": "Rapid decline",
    "top_market_iso3": "SYR",
    "top_market_exports_usd": 12094615.650191741,
    "top_market_share_pct": 19.648462500154334,
    "destination_hhi": 1050.0637445658604,
    "weighted_share_latest_pct": 54.8371660955648,
    "weighted_share_change_1y_pp": -1.228604369594627,
    "weighted_volatility_cv": 1.298600003021862,
    "weighted_max_drawdown_pct": 74.42368292656165,
    "limited_history_lane_share_pct": 33.57142857142857,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:37",
    "source": "api",
    "product": {
      "hs_code": 40229,
      "hs_description": "Dairy produce: milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)",
      "hs_chapter": 4,
      "hs_heading": 402,
      "substitution_elasticity": -2.5367713,
      "price_range_label": "Unclassified",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Dairy produce: milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)",
    "hs_chapter": 4,
    "hs_heading": 402,
    "destinations": [
      {
        "hs_code": 40229,
        "corridor_rank": 7,
        "exporter_iso3": "NZL",
        "importer_iso3": "SAU",
        "latest_data_year": 2024,
        "lane_data_years": 29,
        "exports_latest_observed_usd": 6926091.842917622,
        "exports_all_year_avg_usd": 4050013.1506098346,
        "exports_avg_3y_usd": 4536756.098160914,
        "exports_avg_5y_usd": 3459182.028633876,
        "exports_avg_10y_usd": 5669846.493801635,
        "exports_cagr_3y_pct": 212.72722857597958,
        "exports_cagr_5y_pct": 17.121406694148945,
        "exports_cagr_10y_pct": 8.925611793705102,
        "exports_historical_peak_usd": 12619606.004756344,
        "buyer_imports_latest_observed_usd": 28327874.10714531,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 53.57142857142857,
        "trend_acceleration_pct": 203.8016167822745,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 101.9485,
        "buyer_yoy_all_avg_pct": 23.6849,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 24.449740974987648,
        "market_share_change_1y_pp": -5.977528991455024,
        "peer_best_share_pct": 29.515755365930445,
        "peer_top_exporter": "AUS",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 2043.43,
        "distance_km": 14890.021484375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.09920948249898988,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.9856990543060316,
        "max_drawdown_pct": 98.2054921527074,
        "attention_level": "Watch",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "['long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40229,
        "corridor_rank": 44,
        "exporter_iso3": "NZL",
        "importer_iso3": "ARE",
        "latest_data_year": 2024,
        "lane_data_years": 22,
        "exports_latest_observed_usd": 522622.96413710515,
        "exports_all_year_avg_usd": 2250276.585073994,
        "exports_avg_3y_usd": 554878.8389996043,
        "exports_avg_5y_usd": 373707.9263800548,
        "exports_avg_10y_usd": 444044.55827683705,
        "exports_cagr_3y_pct": 144.26388577651647,
        "exports_cagr_5y_pct": -1.5422767474698174,
        "exports_cagr_10y_pct": -24.199255310576827,
        "exports_historical_peak_usd": 19997251.139906857,
        "buyer_imports_latest_observed_usd": 12365878.75175197,
        "historical_peak_year": 2013,
        "positive_growth_year_share_pct": 57.142857142857146,
        "trend_acceleration_pct": 168.4631410870933,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 4.3828,
        "buyer_yoy_all_avg_pct": 60.4021,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 4.226330975977433,
        "market_share_change_1y_pp": -0.7297886558436746,
        "peer_best_share_pct": 55.18184913449129,
        "peer_top_exporter": "SAU",
        "supplier_count_latest": 25,
        "buyer_market_hhi": 3678.4,
        "distance_km": 14269.962890625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.05214629114545452,
        "tariff_advantage_pp": null,
        "volatility_cv": 2.1414174545037374,
        "max_drawdown_pct": 99.88035198273744,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40229,
        "corridor_rank": 46,
        "exporter_iso3": "NZL",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 508840.602342868,
        "exports_all_year_avg_usd": 8768850.655416546,
        "exports_avg_3y_usd": 4000301.0130024566,
        "exports_avg_5y_usd": 15192564.286966985,
        "exports_avg_10y_usd": 13348710.816969614,
        "exports_cagr_3y_pct": -71.88900886394899,
        "exports_cagr_5y_pct": -53.5259031058128,
        "exports_cagr_10y_pct": -19.765950538776945,
        "exports_historical_peak_usd": 41055705.9974278,
        "buyer_imports_latest_observed_usd": 24340945.366742156,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 55.172413793103445,
        "trend_acceleration_pct": -52.12305832517204,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 18.1813,
        "buyer_yoy_all_avg_pct": 20.2042,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 2.0904718147805132,
        "market_share_change_1y_pp": -7.698315803572869,
        "peer_best_share_pct": 64.28677630077236,
        "peer_top_exporter": "AUS",
        "supplier_count_latest": 30,
        "buyer_market_hhi": 4450.56,
        "distance_km": 11041.02734375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.2855323787795959,
        "tariff_advantage_pp": 0.24738913551538172,
        "volatility_cv": 0.9545839136723276,
        "max_drawdown_pct": 98.76060929904665,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "NZL",
      "hs_code": 40229,
      "num_markets": 76,
      "highest_price_importer_iso3": "KOR",
      "highest_price_usd_per_ton": 123352.83771106943,
      "lowest_price_importer_iso3": "BHR",
      "lowest_price_usd_per_ton": 187.81177872086965,
      "median_price_across_markets": 4492.941176470588,
      "price_spread_pct": 2741.300655734388,
      "avg_quantity_metric_tons": 422.1142191780822,
      "total_trade_value_usd": 385675044
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 75245984.26582927,
        "active_destinations": 54,
        "yoy_growth_pct": 64.46109026328823
      },
      {
        "year": 2011,
        "export_value_usd": 84292702.85019127,
        "active_destinations": 56,
        "yoy_growth_pct": 12.022858990589746
      },
      {
        "year": 2012,
        "export_value_usd": 80447646.0668299,
        "active_destinations": 60,
        "yoy_growth_pct": -4.561553554872912
      },
      {
        "year": 2013,
        "export_value_usd": 94236895.37951834,
        "active_destinations": 53,
        "yoy_growth_pct": 17.140649834842105
      },
      {
        "year": 2014,
        "export_value_usd": 71128329.4588721,
        "active_destinations": 65,
        "yoy_growth_pct": -24.521781864291675
      },
      {
        "year": 2015,
        "export_value_usd": 64107496.98133155,
        "active_destinations": 67,
        "yoy_growth_pct": -9.870655659922589
      },
      {
        "year": 2016,
        "export_value_usd": 45896184.270025834,
        "active_destinations": 62,
        "yoy_growth_pct": -28.407461792821127
      },
      {
        "year": 2017,
        "export_value_usd": 56506831.16147107,
        "active_destinations": 58,
        "yoy_growth_pct": 23.118799656674078
      },
      {
        "year": 2018,
        "export_value_usd": 53951559.926605955,
        "active_destinations": 61,
        "yoy_growth_pct": -4.522057213867294
      },
      {
        "year": 2019,
        "export_value_usd": 65012883.520004444,
        "active_destinations": 58,
        "yoy_growth_pct": 20.502323952163707
      },
      {
        "year": 2020,
        "export_value_usd": 72351569.18313098,
        "active_destinations": 54,
        "yoy_growth_pct": 11.288048254110164
      },
      {
        "year": 2021,
        "export_value_usd": 48339856.906310424,
        "active_destinations": 55,
        "yoy_growth_pct": -33.187548726198145
      },
      {
        "year": 2022,
        "export_value_usd": 42096825.70425291,
        "active_destinations": 55,
        "yoy_growth_pct": -12.914873153549877
      },
      {
        "year": 2023,
        "export_value_usd": 151850860.4502745,
        "active_destinations": 48,
        "yoy_growth_pct": 260.71807769328666
      },
      {
        "year": 2024,
        "export_value_usd": 32380005.623781048,
        "active_destinations": 51,
        "yoy_growth_pct": -78.67644244638028
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "NZL",
      "exports_usd": 43169481455.288086,
      "imports_usd": 44028407153.41255,
      "trade_balance_usd": -858925698.124466,
      "yoy_exports_growth_pct": 0.32871307334612077,
      "yoy_imports_growth_pct": -3.9246148637891887,
      "exports_cagr_3y_pct": -0.8524126529053322,
      "imports_cagr_3y_pct": -1.9617068925080972,
      "export_partner_hhi": 1070.2180201824397,
      "export_product_hhi": 263.2735073828176,
      "momentum_score": -0.02562464452931515,
      "risk_score": 6.667457637826286,
      "gdp_million_usd": 260172.3850976165,
      "gdp_per_capita_usd": 49205.17921467924,
      "population": 5287500,
      "labor_force": 2795.13,
      "investment_rate_pct": 23.36,
      "savings_rate_pct": 23.66,
      "secondary_education_pct": 63.29,
      "tertiary_education_pct": 39.32,
      "total_factor_productivity": 2108.64,
      "trade_openness_pct": 36.83959824123019,
      "exports_gdp_pct": 18.2383585023682,
      "num_active_partners": 270,
      "num_fta_partners": 31,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 0,
      "num_shared_language_partners": 77,
      "avg_partner_distance_km": 13215.444444444445,
      "avg_partner_gdp_million_usd": 533678518.3258192,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 11.481481481481481,
      "pct_partners_shared_language": 28.51851851851852,
      "pct_partners_shared_border": 0,
      "avg_applied_tariff_pct": 0.13691119591456238,
      "avg_mfn_tariff_pct": 0.1378845194609429,
      "avg_preferential_tariff_pct": 0.03351240742664182,
      "tariff_advantage_pp": 0.10437211203430108,
      "avg_distance_all_partners_km": 13303.087362575443,
      "num_border_partners": 0,
      "num_colonial_partners": 115,
      "avg_substitution_elasticity": -10.208715542231905,
      "pct_products_high_elasticity": 74.16073245167854,
      "pct_products_low_elasticity": 2.822990844354018,
      "real_market_potential": 248326.5405417353,
      "foreign_market_potential": 10022.747506047606
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "040229",
    "hs_description": "Dairy produce: milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)",
    "hs_chapter": 4,
    "hs_heading": 402
  },
  "destinations": [
    {
      "hs_code": 40229,
      "corridor_rank": 7,
      "exporter_iso3": "NZL",
      "importer_iso3": "SAU",
      "latest_data_year": 2024,
      "lane_data_years": 29,
      "exports_latest_observed_usd": 6926091.842917622,
      "exports_all_year_avg_usd": 4050013.1506098346,
      "exports_avg_3y_usd": 4536756.098160914,
      "exports_avg_5y_usd": 3459182.028633876,
      "exports_avg_10y_usd": 5669846.493801635,
      "exports_cagr_3y_pct": 212.72722857597958,
      "exports_cagr_5y_pct": 17.121406694148945,
      "exports_cagr_10y_pct": 8.925611793705102,
      "exports_historical_peak_usd": 12619606.004756344,
      "buyer_imports_latest_observed_usd": 28327874.10714531,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 53.57142857142857,
      "trend_acceleration_pct": 203.8016167822745,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 101.9485,
      "buyer_yoy_all_avg_pct": 23.6849,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 24.449740974987648,
      "market_share_change_1y_pp": -5.977528991455024,
      "peer_best_share_pct": 29.515755365930445,
      "peer_top_exporter": "AUS",
      "supplier_count_latest": 21,
      "buyer_market_hhi": 2043.43,
      "distance_km": 14890.021484375,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.09920948249898988,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.9856990543060316,
      "max_drawdown_pct": 98.2054921527074,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "['long_distance_without_fta']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40229,
      "corridor_rank": 44,
      "exporter_iso3": "NZL",
      "importer_iso3": "ARE",
      "latest_data_year": 2024,
      "lane_data_years": 22,
      "exports_latest_observed_usd": 522622.96413710515,
      "exports_all_year_avg_usd": 2250276.585073994,
      "exports_avg_3y_usd": 554878.8389996043,
      "exports_avg_5y_usd": 373707.9263800548,
      "exports_avg_10y_usd": 444044.55827683705,
      "exports_cagr_3y_pct": 144.26388577651647,
      "exports_cagr_5y_pct": -1.5422767474698174,
      "exports_cagr_10y_pct": -24.199255310576827,
      "exports_historical_peak_usd": 19997251.139906857,
      "buyer_imports_latest_observed_usd": 12365878.75175197,
      "historical_peak_year": 2013,
      "positive_growth_year_share_pct": 57.142857142857146,
      "trend_acceleration_pct": 168.4631410870933,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 4.3828,
      "buyer_yoy_all_avg_pct": 60.4021,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 4.226330975977433,
      "market_share_change_1y_pp": -0.7297886558436746,
      "peer_best_share_pct": 55.18184913449129,
      "peer_top_exporter": "SAU",
      "supplier_count_latest": 25,
      "buyer_market_hhi": 3678.4,
      "distance_km": 14269.962890625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.05214629114545452,
      "tariff_advantage_pp": null,
      "volatility_cv": 2.1414174545037374,
      "max_drawdown_pct": 99.88035198273744,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40229,
      "corridor_rank": 46,
      "exporter_iso3": "NZL",
      "importer_iso3": "CHN",
      "latest_data_year": 2024,
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      "exports_avg_3y_usd": 4000301.0130024566,
      "exports_avg_5y_usd": 15192564.286966985,
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      "exports_cagr_3y_pct": -71.88900886394899,
      "exports_cagr_5y_pct": -53.5259031058128,
      "exports_cagr_10y_pct": -19.765950538776945,
      "exports_historical_peak_usd": 41055705.9974278,
      "buyer_imports_latest_observed_usd": 24340945.366742156,
      "historical_peak_year": 2020,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -52.12305832517204,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 18.1813,
      "buyer_yoy_all_avg_pct": 20.2042,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 2.0904718147805132,
      "market_share_change_1y_pp": -7.698315803572869,
      "peer_best_share_pct": 64.28677630077236,
      "peer_top_exporter": "AUS",
      "supplier_count_latest": 30,
      "buyer_market_hhi": 4450.56,
      "distance_km": 11041.02734375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.2855323787795959,
      "tariff_advantage_pp": 0.24738913551538172,
      "volatility_cv": 0.9545839136723276,
      "max_drawdown_pct": 98.76060929904665,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "NZL",
    "hs_code": 40229,
    "num_markets": 76,
    "highest_price_importer_iso3": "KOR",
    "highest_price_usd_per_ton": 123352.83771106943,
    "lowest_price_importer_iso3": "BHR",
    "lowest_price_usd_per_ton": 187.81177872086965,
    "median_price_across_markets": 4492.941176470588,
    "price_spread_pct": 2741.300655734388,
    "avg_quantity_metric_tons": 422.1142191780822,
    "total_trade_value_usd": 385675044
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  "history": [
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      "year": 2010,
      "export_value_usd": 75245984.26582927,
      "active_destinations": 54,
      "yoy_growth_pct": 64.46109026328823
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      "export_value_usd": 80447646.0668299,
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      "yoy_growth_pct": -4.561553554872912
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      "year": 2013,
      "export_value_usd": 94236895.37951834,
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      "yoy_growth_pct": 17.140649834842105
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      "year": 2014,
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      "yoy_growth_pct": -24.521781864291675
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    {
      "year": 2015,
      "export_value_usd": 64107496.98133155,
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      "yoy_growth_pct": -9.870655659922589
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      "year": 2016,
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      "yoy_growth_pct": -28.407461792821127
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      "export_value_usd": 56506831.16147107,
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      "yoy_growth_pct": 23.118799656674078
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    "num_active_partners": 270,
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    "avg_distance_all_partners_km": 13303.087362575443,
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    "pct_products_high_elasticity": 74.16073245167854,
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    "real_market_potential": 248326.5405417353,
    "foreign_market_potential": 10022.747506047606
  }
}
```