71164 New Zealand: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $124,794 $29,669 0.21% $16,820 1948 1995 5 4 New Zealand TRADE PERFORMANCE ‡ HI OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 17 2 EXTERNAL ENVIRONMENT (EE) (out of 126) 14 2 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 2 1 TRADE FACILITATION (TF) (out of 151) 19 2 TRADE OUTCOME (TO) (out of 161) 87 6 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 4.9 3.7 3.6 * TTRI (applied tariffs including preferences) & .. 2.9 2.8 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 12.5 12.3 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 4.5 3.8 3.2 2.2 Applied Dispersion (coefficient of variation) 4.2 15.1 2.6 1.5 tariff (wgt avg) Maximum rate 1077.6 2470.8 402.9 90.5 Agriculture - simple avg (%) 3.0 6.9 3.4 1.4 Import Nonagriculture - simple avg (%) 4.7 3.3 3.2 2.3 duties MFN applied tariff - trade weighted avg (%) 5.4 5.1 4.0 2.5 MFN zero-duty imports (% in total imports) 39.1 42.0 63.6 60.4 * Applied tariff (incl. prefs.) - trade weighted avg (%) 4.4 4.0 2.5 1.9 Nontariff measures Agriculture 4.5 14.8 0.9 0.8 Nonagriculture 4.4 3.0 2.7 2.0 0 10 20 30 40 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.8 2.0 * HI OECD High inc New Zealand Applied tariff (incl. prefs.) escalation (finished% minus raw%) 4.4 4.5 3.0 Agriculture .. 2.6 6.2 2.1 Nonagriculture .. 4.8 4.1 3.1 Import duties (% of imports) .. 1.7 2.0 .. Services commit. Tariff overhang (MFN bound less MFN applied rate,%) 6.3 7.1 6.7 7.7 Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 99.9 * Specific tariffs frequency ratio (%) 1.0 1.0 1.8 0.5 0 40 80 Non-tariff measures frequency ratio (%) 36.5 .. .. .. HI OECD High inc New Zealand Overall GATS commitment index (0-100, best) .. 52.2 52.2 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 8.3 6.0 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 32.8 26.7 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 16.1 11.0 7.5 5.3 * MFN duty free Agriculture 27.2 18.7 12.7 8.9 * (exports) Nonagriculture 3.9 2.4 1.7 1.7 * MFN zero-duty exports (% of total exports) 26.8 27.3 33.5 35.2 * Value of prefer Exports with FTA / CU partners (% of total exports) 21.2 21.4 23.2 23.1 * Preferences (EU+U.S.) utilization rate (%) .. .. .. .. 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. 0.0 0.0 * HI OECD High inc New Zealand Real effective exchange rate (% change,+ =apprec.) -0.5 3.7 2.1 -4.0 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates New Zealand Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 2 2 Starting a business (rank) .. .. 3 1 Enforcing contracts (rank) .. .. 14 1 Ease of Doing Closing a business (rank) .. 16 11 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 2.16 1.88 1.90 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 1.90 1.87 1.91 .. HI OECD High inc New Zealand WGI - Control of Corruption (-2.5 to +2.5, best) 2.39 2.34 2.36 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.7 3.7 * Efficiency of customs and other border procedures .. .. 3.6 3.6 * Logistic Index Quality of transport and IT infrastructures .. .. 3.6 3.6 * International transportation costs .. .. 3.8 3.8 * Logistics competence .. .. 3.8 3.8 * Trading Trackability of shipments .. .. 3.7 3.7 * Across Borders Domestic transportation costs .. .. 2.9 2.9 * Timeliness of shipment .. .. 4.0 4.0 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 17 23 No. of documents required for exports .. .. 7 7 No. of days process required for exports .. .. .. .. Telephones Cost to export (US$ per container) .. .. 725 868 per 100 No. of documents required for imports .. .. 5 5 No. of days process required for imports .. .. 9 9 Secondary Cost to import (US$ per container) .. .. 800 850 enrollment Liner shipping connectivity index (0-100 best) .. .. 20.7 20.6 Telephones and mobiles per 100 people 66.1 105.5 134.0 140.7 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 2.7 1.0 .. .. HI OECD High inc New Zealand Internet usage (per 100 people) 15.2 48.6 74.2 79.5 * Secondary gross school enrollment (%) 113.1 115.5 120.2 119.6 * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 5.0 5.9 2.7 6.3 10 8.7 Exports 4.2 4.5 1.7 8.1 8 8.4 7.9 7.2 6.6 6.3 Imports 5.8 7.3 3.4 4.8 6 5.9 5.7 5.3 5.0 Other trade outcome indicators 4 2.7 Trade integration (trade as % of GDP) 57.7 62.0 58.8 69.7 2 FDI inflow (% of GDP) 3.4 3.2 3.7 0.0 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) -3.0 1.1 -5.7 1.4 Trade Growth Rate Exports -3.9 1.1 -6.2 3.9 New Zealand HI OECD High inc Imports -2.1 1.2 -5.2 -1.1 Merchandise share in total exports (%) 75.7 73.3 73.4 78.2 Exports Share (2005-07) Agriculture 46.7 45.2 45.7 46.2 * Manufacturing 22.9 20.8 19.8 19.6 * Service, Mining, fuel and others 6.1 7.3 7.3 7.8 * 26.6 Service share in total exports (%) 24.3 26.7 26.6 21.8 Agric, Tourism 12.6 15.3 15.7 14.8 * 45.7 Transportation 7.5 5.9 5.4 5.4 * Mining, Other services 4.1 5.4 5.5 5.2 * 7.3 Export product concentration index (0 to 100, highest) 12.3 13.1 13.7 13.7 * Manuf, Export market concentration index (0 to 100, highest) 29.3 29.1 28.3 27.9 * 19.8 Top 5 exports share (% of merchandise exports) .. .. 33.6 34.0 * Top 5 exports (SITC Rev. 2; 3 digit) ( 022) Milk products ( 012) Meat ( 011) Beef products ( 333) Petroleum crude ( 684) Aluminium ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.