In 2025, Australia sold USD 8.39 billion of goods to New Zealand and bought USD 5.47 billion from it. The DESTA database lists 7 trade agreements that include both countries, the most recent being Pacific Agreement on Closer Economic Relations (PACER) Plus (2020). In 2024, 89 thousand people born in Australia lived in New Zealand, and 588 thousand people born in New Zealand lived in Australia. Both are members of the Five Eyes intelligence alliance.
Benefits
BothTrade in agricultural and food products runs both ways in similar amounts: Australia sold USD 1.75 billion and New Zealand sold USD 2.55 billion in 2025.
BothBoth are members of the Five Eyes intelligence alliance.
BothPacific Agreement on Closer Economic Relations (PACER) Plus, signed 2017 and in force since 2020.
Constraints
BothThe two countries' customs reports differ on goods sold by Australia to New Zealand in 2025: Australia reports USD 8.39 billion and New Zealand reports USD 5.19 billion.
BothTwo-way trade in mineral fuels and oils fell 47 percent, from USD 553 million in 2019 to USD 291 million in 2025.
BothFlows are one-sided: in 2025, New Zealand sold USD 10.1 million of critical minerals and metals, and Australia sold almost none.