New Zealand / South Korea

New Zealand-South Korea Trade: In 2022, New Zealand exported $1.69B to South Korea. The main products that New Zealand exported to South Korea were Rough Wood ($216M), Raw Aluminium ($213M), and Other Fruits ($145M). Over the past 5 years the exports of New Zealand to South Korea have increased at an annualized rate of 8.29%, from $1.13B in 2017 to $1.69B in 2022.

In 2018, New Zealand exported services to South Korea worth $1.56B, with Travel ($1.44B), Transportation ($74.6M), and Government services, n.i.e. ($16.6M) being the largest in terms of value.

South Korea-New Zealand Trade: In 2022, South Korea exported $3.45B to New Zealand. The main products that South Korea exported to New Zealand were Refined Petroleum ($2.11B), Cars ($421M), and Coated Flat-Rolled Iron ($87.7M). Over the past 5 years the exports of South Korea to New Zealand have increased at an annualized rate of 20.1%,  from $1.38B in 2017 to $3.45B in 2022.

In 2005, South Korea exported services to New Zealand worth $108M, with Transportation ($57.1M), Travel ($26.3M), and Other business services ($17.4M) being the largest in terms of value.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).