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New Zealand-Australia Bilateral Trade Analysis 2023

Complete trade statistics: $11.36B total volume •New Zealand deficit: $723.93M

New Zealand → Australia

$5.32B

Exports (2023)

Australia → New Zealand

$6.04B

Imports (2023)

Trade Balance

$723.93M

Deficit for New Zealand

Total Trade

$11.36B

Combined Volume

Trade Flow Visualization

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

Detailed Product Trade Analysis

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

New Zealand → Australia Exports

$5.32B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

8.3% top product

1Metals: gold, non-monetary, unwrought (but not powder)

$438.93M

8.3% of exports

2Oils: petroleum oils and oils obtained from bituminous minerals, crude

$206.18M

3.9% of exports

3Food preparations: n.e.c. in item no. 2106.10

$201.20M

3.8% of exports

4Dairy produce: derived from milk, butter

$170.65M

3.2% of exports

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 exports

6Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured

$131.67M

2.5% of exports

7Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406

$127.18M

2.4% of exports

8Wine: still, in containers holding more than 10 litres

$123.91M

2.3% of exports

9Wine: still, in containers holding 2 litres or less

$100.39M

1.9% of exports

10Dairy produce: cheese, processed (not grated or powdered)

$99.86M

1.9% of exports

🎯 Strategic Export Focus

New Zealand's export portfolio to Australia demonstrates strong diversification across multiple sectors, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.

Australia → New Zealand Imports

$6.04B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

3.8% concentration

1Aluminium oxide: other than artificial corundum

$231.59M

3.8% of imports

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 imports

3Cereals: wheat and meslin, other than durum wheat, other than seed

$174.44M

2.9% of imports

4Food preparations: n.e.c. in item no. 2106.10

$111.91M

1.9% of imports

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 imports

6Dog or cat food: (not put up for retail sale), used in animal feeding

$86.09M

1.4% of imports

7Telephones for cellular networks or for other wireless networks

$83.49M

1.4% of imports

8Tractors: road, for semi-trailers

$83.03M

1.4% of imports

9Dog or cat food: put up for retail sale, used in animal feeding

$69.92M

1.2% of imports

10Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified

$68.85M

1.1% of imports

📦 Import Strategy Analysis

New Zealand's import pattern from Australia reveals strategic sourcingin aluminium oxide: other than artificial corundum, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

New Zealand demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to Australia, 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: New Zealand-Australia Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $11.36 billionrepresenting a significant bilateral economic relationship
Trade Balance: New Zealand maintains a deficit of $723.93 million
Export Focus: New Zealand's primary exports 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
Import Dependencies: Key imports from Australia 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

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 New Zealand leveraging its comparative advantages in metals: gold, non-monetary, unwrought (but not powder).

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

Comparative Advantage

New Zealand's specialization in metals: gold, non-monetary, unwrought (but not powder)complements Australia's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium oxide: other than artificial corundum.

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

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

New Zealand's trade deficit of $723.93 million impacts 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 oils: petroleum oils and oils obtained from bituminous minerals, crude present expansion opportunities.

Market Diversification

Beyond current focus on aluminium oxide: other than artificial corundum, 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 metals: gold, non-monetary, unwrought (but not powder) 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 New Zealand and Australia represents a total trade volume of $11.36 billion in 2023. This partnership demonstrates an unfavorable trade balance for New Zealand, with imports exceeding exportsby $723.93 million.

Export Strengths

New Zealand's exports to Australia total $5.32 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $438.93M or8.3% of bilateral exports.

Import Dependencies

Imports from Australia amount to $6.04 billion, highlighting economic interdependence in aluminium oxide: other than artificial corundum, with Aluminium oxide: other than artificial corundum comprising3.8% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates New Zealand's strategic sourcing from Australia. 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 New Zealand and Australia in multiple formats.

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