New Zealand-Viet Nam Bilateral Trade Analysis 2023
Complete trade statistics: $1.52B total volume •New Zealand deficit: $362.56M
New Zealand → Viet Nam
$576.28M
Exports (2023)
Viet Nam → New Zealand
$938.84M
Imports (2023)
Trade Balance
$362.56M
Deficit for New Zealand
Total Trade
$1.52B
Combined Volume
Trade Flow Visualization
Direct trade relationship between New Zealand and Viet Nam. 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-Viet Nam commercial relationship and competitive positioning in global markets.
New Zealand → Viet Nam Exports
Export Market Intelligence
🎯 Strategic Export Focus
New Zealand's export portfolio to Viet Nam demonstrates strategic specialization, with dairy 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) representing a key competitive advantage in this bilateral market.
Viet Nam → New Zealand Imports
Import Dependency Profile
📦 Import Strategy Analysis
New Zealand's import pattern from Viet Nam reveals strategic sourcingin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
New Zealand demonstrates competitive strength in exportingdairy 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) to Viet Nam, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.52B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: New Zealand-Viet Nam Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.52 billionrepresenting a significant bilateral economic relationship
- Trade Balance: New Zealand maintains a deficit of $362.56 million
- Export Focus: New Zealand's primary exports include dairy 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), dairy produce: milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight), fruit, edible: apples, fresh
- Import Dependencies: Key imports from Viet Nam include telephones for cellular networks or for other wireless networks, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $1.52B 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 dairy 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).
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 dairy 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)complements Viet Nam's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.52B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.52B 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 $1.52 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in dairy 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) and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
New Zealand's trade deficit of $362.56 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 Viet Nam represents a total trade volume of $1.52 billion in 2023. This partnership demonstrates an unfavorable trade balance for New Zealand, with imports exceeding exportsby $362.56 million.
Export Strengths
New Zealand's exports to Viet Nam total $576.28 million, with competitive advantages in dairy 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), representing $117.12M or20.3% of bilateral exports.
Import Dependencies
Imports from Viet Nam amount to $938.84 million, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising19.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates New Zealand's strategic sourcing from Viet Nam. 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 Viet Nam in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023