Foreign trade as a share of GDP fell 18.6% to 44.2% in New Zealand in 2020, according to the National Statistical Office.
Historically, foreign trade as a share of GDP in New Zealand reached an all time high of 68.5% in 2000 and an all time low of 44.2% in 1971. When compared to New Zealand's main peers, foreign trade as a share of GDP in Australia amounted to 44.2%, 33.0% in Indonesia, 117% in Malaysia and 58.2% in Philippines in 2020.
New Zealand has been ranked 131st within the group of 163 countries we follow in terms of foreign trade as a share of GDP, 12 places below the position seen 10 years ago.
Foreign Trade (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Australia | % | 41.6% | 40.8% | 42.0% | 43.4% | 45.8% | ||||||||||||||||
Cambodia | % | 128% | 127% | 125% | 125% | 124% | ||||||||||||||||
China | % | 39.5% | 36.9% | 37.6% | 37.6% | 35.9% | ||||||||||||||||
Indonesia | % | 41.9% | 37.4% | 39.4% | 43.1% | 37.6% | ||||||||||||||||
Malaysia | % | 131% | 127% | 133% | 130% | 123% | ||||||||||||||||
New Zealand | % | 54.9% | 52.5% | 54.2% | 55.8% | 54.3% | ||||||||||||||||
Papua New Guinea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||
Philippines | % | 59.1% | 61.8% | 68.2% | 72.2% | 68.8% | ||||||||||||||||
Singapore | % | 329% | 303% | 316% | 324% | 322% | ||||||||||||||||
Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Thailand | % | 125% | 121% | 121% | 121% | 110% | ||||||||||||||||
Vietnam | % | 145% | 145% | 161% | 165% | 165% |