AsemconnectVietnam - According to the statistics figures from the General Department of Customs, the total two-way turnover between Vietnam and New Zealand in the first 4 months of 2024 reached over 379.26 million USD, down by nearly 19% compared to the first 4 months of 2023.

Vietnam's trade surplus to the New Zealand market in the first 4 months of 2024 reached 71.5 million USD, while in the first 4 months of 2023 Vietnam's trade deficit from the New Zealand market reached 39.47 million USD.
Vietnam's exports of goods to the New Zealand market in April and the first 4 months of 2024
Vietnam's goods exports to the New Zealand market in April of 2024 reached 48.4 million USD, down by 15.5% compared to the previous month. Overall, the first 4 months of 2024, the country’s exports of goods to New Zealand reached 225.3 million USD, up by 5.1% over the same period last year.
In the first 4 months of 2024, the group of all kinds of phones and components led the export turnover to the Indonesian market, reaching 79.7 million USD, up by 3% over the same period last year, accounting for 35.3% of the total. The next was the group of computer products, electronic products and components with 21.5 million USD, an increase of 18.8%, accounting for 9.5% of the proportion.
In the first 4 months of 2024, a number of products have increased export turnover compared to the same period last year: textiles and garments increased by 46.2%; plastic products increased by 52.9%; Seafood products increased by 32.4%.
Vietnam’s imports of goods from New Zealand in April and 4 months of 2024
According to the preliminary statistics figures from the General Department of Customs, goods from New Zealand imported into Vietnam reached nearly 153.88 million USD in the first 4 months of 2024, a sharp decrease of 39.4% compared to the same period of 2023.
In April of 2024 alone, the country’s imports of goods from New Zealand reached over 45.64 million USD, up by 17.4% compared to March of 2024, but down by 10% compared to April of 2023.
In the first 4 months of 2024, the group of milk and dairy products imported from New Zealand reached the largest turnover of nearly 87.33 million USD, accounting for 56.8% of the total import turnover of all types of goods from this market, down by 51% compared to the first 4 months of 2023. In April of 2024 alone, the country’s imports of milk and dairy products from New Zealand reached over 25.65 million USD, up by 23.6% compared to March of 2024 but down by 13.6% compared to April of 2023.
The group of imported fruits and vegetables from New Zealand ranked second in turnover, reaching 14.96 million USD, accounting for 9.7% of the total turnover, an increase of 6.3%. The next was wood and wood products group with 12.06 million USD, accounting for 7.8% of the total turnover, down by 19.3%. Notably, the imports of chemical products from New Zealand only reached 2.93 million USD, accounting for 1.9%, but increased strongly by 103.9% over the same period of 2023.
In general, imported goods from New Zealand in the first 4 months of 2024 mostly decrease in turnover compared to the first 4 months of 2023.
According to data from the Asia-Africa Market Department (Ministry of Industry and Trade), Vietnam is currently New Zealand's 14th largest trading partner; the 13th exporter to the New Zealand market and the 17th largest importer of New Zealand.
New Zealand is Vietnam's 38th trading partner, and Vietnam's 51st largest export market and 58th largest import market.
The two-way trade turnover has increased steadily over the years, from 300 million USD in 2009 to 750 million USD in 2013 (average growth rate of about 20%/year). In 2022, the total two-way trade turnover reached 1.4 billion USD, an increase of about 5.7% compared to 2021. In 2023, it reached 1.3 billion USD, down by about 5.6% compared to 2022.
According to the Vietnam Trade Office in the New Zealand market, Vietnam and New Zealand's participation in multilateral FTAs causes tariff and non-tariff barriers to become increasingly lower or eliminated. This is a great advantage that helps Vietnamese goods increase their competitiveness with goods from countries that do not have FTAs with New Zealand. New Zealand's policy of finding supply partners and markets other than the EU and China also contributes to opening up opportunities for Vietnam in the field of import and export.
CK
Source: VITIC