Flag of nz

New Zealand Trade (% GDP)

New Zealand's trade (% GDP) fell to 50.41% in 2023, down from 53.48% in 2022, according to World Bank. This represents a decrease of 3.07% from the previous year. New Zealand has trade (% GDP) lower than the global median (50.41% vs median 84.49%). Compared with the median in Oceania, New Zealand is lower (50.41% vs regional median 87.74%) and ranks 16th out of 17 countries in Oceania.

Yearly Historical Data (1970-2023)

(in %)
Year Trade (% GDP)
2023 50.41%
2022 53.48%
2021 48.54%
2020 43.98%
2019 54.45%
2018 55.77%
2017 54.14%
2016 52.41%
2015 54.85%
2014 55.1%
2013 55.99%
2012 56.91%
2011 59.17%
2010 58.1%
2009 55.01%
2008 64.26%
2007 58.43%
2006 59.6%
2005 58.02%
2004 58.8%
2003 57.91%
2002 62.66%
2001 67.23%
2000 68.52%
1999 61.4%
1998 57.9%
1997 55.25%
1996 55.12%
1995 56.91%
1994 58.81%
1993 57.55%
1992 59.23%
1991 54.64%
1990 52.61%
1989 51.98%
1988 48.4%
1987 50.01%
1986 52.77%
1985 60.74%
1984 66.2%
1983 57.99%
1982 58.44%
1981 58.88%
1980 58.69%
1979 58.81%
1978 52.54%
1977 53.9%
1976 55.94%
1975 53.13%
1974 53.55%
1973 47.86%
1972 45.86%
1971 44.19%
1970 47.16%
New Zealand Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for New Zealand divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $42.83B $42.12B 2024
Annual Imports $47.57B $50.46B 2024
Balance of Trade NZD -1.4B NZD -1.2B Sep'25
Exports NZD 5.8B NZD 5.8B Sep'25
Exports (% GDP) 23.72% 24.05% 2023
FDI Inflows (% GDP) 1.21% 1.41% 2024
Imports NZD 7.2B NZD 7.1B Sep'25
Imports (% GDP) 26.69% 29.43% 2023
Net Trade (Goods & Services, BoP) -$6.2B -$9.38B 2024
Tariff Rate 2.27% 1.91% 2022