Türkiye-New Zealand Economic and Trade Relations

National Economy

GDP (billion US $)

228

Inflation Rate (%)

7.2

Real GDP Growth Rate (%)

1

Rate of Unemployment (%)

3,3

Population (million)

5,12

Export (fob-billion US$)

50,2

Population increase (%)

0.36

Import (fob-billion US$)

55,6

GDP per capita (US $ SAGP)

44,700

Turkish firms in New Zealand

≥50

Reference: NZ Stats, World Bank (2022)

Major Trade Partners: China, Australia, USA, Japan

Major Export Items: Dairy products, eggs, honey, edible animal products; meat and edible meat offal; wood and articles of wood, wood charcoal.

Major Import Items: Mineral fuels, oils, distillation products, etc; vehicles other than railway, tramway; machinery, nuclear reactors, boilers, etc; electrical, electronic equipment.

Bilateral Commercial and Economic Relations:

Türkiye’s Trade with New Zealand (million US $)

2017

2018

2019

2020

2021

2022 (Jan-Oct)

Export

105.583

112.763

112.908

104.879

128.003

99.481

Import

50.878

41.997

49.542

35.599

33.473

42.100

Volume

156.461

154.760

162.451

140.478

161.476

141.581

Balance

+54.705

+70.766

+63.366

+69.280

+94.530

+57.381

Reference : Turkish Statistical Institute (TÜİK)

Major Exports to New Zealand: Vehicles other than railway, tramway; fruit, nuts, peel of citrus fruit, melons; machinery, nuclear reactors, boilers, etc; vegetable, fruit, nut, food preparations.

Major Imports from New Zealand: Dairy products, eggs, honey, animal food product; wool, animal hair, horsehair yarn and fabric thereof; raw hides and skins (other than furskins) and leather; optical, photo, technical, medical, etc apparatus.

Joint Economic Commission (JEC) and Türkiye-New Zealand Business Council provide platform to authorities and businesspeople from both countries, respectively, to coordinate their cooperation efforts in economy and commerce.

15.448 New Zealanders visited Türkiye in 2022.