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Australia-New Zealand Bilateral Trade Analysis 2023

Complete trade statistics: $11.36B total volume •Australia surplus: $723.93M

Australia → New Zealand

$6.04B

Exports (2023)

New Zealand → Australia

$5.32B

Imports (2023)

Trade Balance

$723.93M

Surplus for Australia

Total Trade

$11.36B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Australia and New Zealand. Green line shows exports from Australia, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Australia-New Zealand commercial relationship and competitive positioning in global markets.

Australia → New Zealand Exports

$6.04B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
3.8% top product
1Aluminium oxide: other than artificial corundum
$231.59M
3.8% of exports
2Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$189.85M
3.1% of exports
3Cereals: wheat and meslin, other than durum wheat, other than seed
$174.44M
2.9% of exports
4Food preparations: n.e.c. in item no. 2106.10
$111.91M
1.9% of exports
5Sugars: cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter
$86.35M
1.4% of exports
6Dog or cat food: (not put up for retail sale), used in animal feeding
$86.09M
1.4% of exports
7Telephones for cellular networks or for other wireless networks
$83.49M
1.4% of exports
8Tractors: road, for semi-trailers
$83.03M
1.4% of exports
9Dog or cat food: put up for retail sale, used in animal feeding
$69.92M
1.2% of exports
10Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified
$68.85M
1.1% of exports

🎯 Strategic Export Focus

Australia's export portfolio to New Zealand demonstrates strong diversification across multiple sectors, with aluminium oxide: other than artificial corundum representing a key competitive advantage in this bilateral market.

New Zealand → Australia Imports

$5.32B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
8.3% concentration
1Metals: gold, non-monetary, unwrought (but not powder)
$438.93M
8.3% of imports
2Oils: petroleum oils and oils obtained from bituminous minerals, crude
$206.18M
3.9% of imports
3Food preparations: n.e.c. in item no. 2106.10
$201.20M
3.8% of imports
4Dairy produce: derived from milk, butter
$170.65M
3.2% of imports
5Dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)
$147.16M
2.8% of imports
6Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured
$131.67M
2.5% of imports
7Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406
$127.18M
2.4% of imports
8Wine: still, in containers holding more than 10 litres
$123.91M
2.3% of imports
9Wine: still, in containers holding 2 litres or less
$100.39M
1.9% of imports
10Dairy produce: cheese, processed (not grated or powdered)
$99.86M
1.9% of imports

📦 Import Strategy Analysis

Australia's import pattern from New Zealand reveals strategic sourcingin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Australia demonstrates competitive strength in exportingaluminium oxide: other than artificial corundum to New Zealand, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $11.36B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Australia-New Zealand Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $11.36 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Australia maintains a surplus of $723.93 million
  • Export Focus: Australia's primary exports include aluminium oxide: other than artificial corundum, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, cereals: wheat and meslin, other than durum wheat, other than seed
  • Import Dependencies: Key imports from New Zealand include metals: gold, non-monetary, unwrought (but not powder), oils: petroleum oils and oils obtained from bituminous minerals, crude, food preparations: n.e.c. in item no. 2106.10

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $11.36B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Australia leveraging its comparative advantages in aluminium oxide: other than artificial corundum.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Australia's specialization in aluminium oxide: other than artificial corundumcomplements New Zealand's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $11.36B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $11.36B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $11.36 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in aluminium oxide: other than artificial corundum and metals: gold, non-monetary, unwrought (but not powder) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Australia's trade surplus of $723.93 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale present expansion opportunities.
Market Diversification
Beyond current focus on metals: gold, non-monetary, unwrought (but not powder), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in aluminium oxide: other than artificial corundum may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Australia and New Zealand represents a total trade volume of $11.36 billion in 2023. This partnership demonstrates a favorable trade balance for Australia, with exports exceeding importsby $723.93 million.

Export Strengths

Australia's exports to New Zealand total $6.04 billion, with competitive advantages in aluminium oxide: other than artificial corundum, representing $231.59M or3.8% of bilateral exports.

Import Dependencies

Imports from New Zealand amount to $5.32 billion, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising8.3% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Australia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Australia and New Zealand in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023