{"id":19114,"date":"2026-10-21T03:14:02","date_gmt":"2026-10-21T09:44:02","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=19114"},"modified":"2026-10-21T03:14:03","modified_gmt":"2026-10-21T09:44:03","slug":"which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/","title":{"rendered":"Which Indian Exports Stand to Gain From the New Zealand Trade Deal"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/#Where_Is_the_6_Billion_Export_Gap\" >Where Is the $6 Billion Export Gap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/#How_Large_Is_the_Gap_in_Pharmaceuticals_and_Machinery\" >How Large Is the Gap in Pharmaceuticals and Machinery?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/#Which_Sectors_Already_Have_a_Small_Share_of_the_Market\" >Which Sectors Already Have a Small Share of the Market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/#How_Does_the_FTA_Relate_to_West_Asia_Trade_Disruptions\" >How Does the FTA Relate to West Asia Trade Disruptions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/#Final_Outlook\" >Final Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<nav style=\"--separator: &quot;\/&quot;\" class=\"wp-block-breadcrumbs\" aria-label=\"Breadcrumbs\"><ol><li><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/li><li><span aria-current=\"page\">Which Indian Exports Stand to Gain From the New Zealand Trade Deal<\/span><\/li><\/ol><\/nav>\n\n\n<meta charset=\"UTF-8\">\n<meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n<link rel=\"preconnect\" 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strong{color:var(--steel);}\n  .source{margin:30px 0 0;padding-top:18px;border-top:1px solid var(--line);font-size:14px;color:var(--grey);word-break:break-word;}\n  .source a{color:var(--copper-deep);}\n  .faq{display:flex;flex-direction:column;gap:12px;margin:6px 0 22px;}\n  .faq-item{background:var(--mint-2);border:1px solid var(--line);border-radius:14px;overflow:hidden;transition:border-color .2s ease, box-shadow .2s ease;}\n  .faq-item:hover{border-color:var(--copper);box-shadow:0 2px 10px rgba(239,161,69,0.18);}\n  .faq-item[open]{border-color:var(--copper);box-shadow:0 2px 10px rgba(239,161,69,0.18);}\n  .faq-q{list-style:none;cursor:pointer;display:flex;align-items:center;justify-content:space-between;gap:16px;padding:17px 20px;font-weight:700;color:var(--forest);font-size:16px;}\n  .faq-q::-webkit-details-marker{display:none;}\n  .faq-icon{flex:0 0 auto;width:26px;height:26px;border-radius:50%;background:var(--copper);color:#fff;display:flex;align-items:center;justify-content:center;font-size:16px;font-weight:800;line-height:1;transition:transform .2s ease, background .2s ease;}\n  .faq-item[open] .faq-icon{background:var(--forest);transform:rotate(45deg);}\n  .faq-a{margin:0;padding:0 20px 18px;color:#33413B;font-size:15.5px;line-height:1.6;}\n  .video-wrap{position:relative;padding-bottom:56.25%;height:0;overflow:hidden;border-radius:14px;margin:6px 0 22px;border:1px solid var(--line);}\n  .video-wrap iframe{position:absolute;top:0;left:0;width:100%;height:100%;border:0;}\n  @media (max-width:640px){ body{font-size:16.5px;} .masthead{padding:32px 24px 28px;} .body{padding:28px 24px 34px;} h2{margin-top:36px;} table{font-size:14px;} }\n  .entry-title,.post-title,.single-post h1,h1.entry-title{color:#000!important;}\n<\/style>\n\n<div class=\"body\">\n  <p>The free trade agreement (FTA) between India and New Zealand was set to come into force on October 20. A Moneycontrol analysis of trade data shows it could open a market of about $6 billion for Indian exporters. Pharmaceuticals, gems and jewellery, machinery and manufactured goods are among the sectors expected to gain the most. India exported goods worth $742 million to New Zealand in 2024.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Where_Is_the_6_Billion_Export_Gap\"><\/span>Where Is the $6 Billion Export Gap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Most of the opportunity is in product categories where New Zealand imports large amounts from other countries but very little from India. This is the case even though Indian exporters are already established in global markets.<\/p>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Category Group<\/th>\n          <th>Number of Categories<\/th>\n          <th>New Zealand Imports, 2024 ($ billion)<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Total imports<\/td><td>2,871<\/td><td>47.57<\/td><\/tr>\n        <tr><td>India&#8217;s exports below $50,000<\/td><td>1,144<\/td><td>5.97<\/td><\/tr>\n        <tr><td>India&#8217;s exports below $1,000 or nil<\/td><td>506<\/td><td>2.25<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"How_Large_Is_the_Gap_in_Pharmaceuticals_and_Machinery\"><\/span>How Large Is the Gap in Pharmaceuticals and Machinery?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>India ships large volumes of these products worldwide, but sells very little of them to New Zealand.<\/p>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Product<\/th>\n          <th>New Zealand Imports<\/th>\n          <th>India&#8217;s Global Exports<\/th>\n          <th>India&#8217;s Exports to New Zealand<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Pharmaceuticals<\/td><td>$763 million<\/td><td>Nearly $20 billion<\/td><td>$69 million<\/td><\/tr>\n        <tr><td>Immunological products<\/td><td>Nearly $140 million<\/td><td>Around $300 million<\/td><td>Virtually nil<\/td><\/tr>\n        <tr><td>Forklifts<\/td><td>Nearly $60 million<\/td><td>$141 million<\/td><td>Negligible<\/td><\/tr>\n        <tr><td>Grapes<\/td><td>$48.3 million<\/td><td>Not specified<\/td><td>Marginal share<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Which_Sectors_Already_Have_a_Small_Share_of_the_Market\"><\/span>Which Sectors Already Have a Small Share of the Market?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>In some categories, Indian exporters already supply New Zealand but hold only a small share of its purchases:<\/p>\n  <ul class=\"doc\">\n    <li><strong>Precious jewellery:<\/strong> India accounts for less than a quarter of a $108 million import market<\/li>\n    <li><strong>T-shirts:<\/strong> India supplies around 10 percent of a $95 million import market<\/li>\n    <li><strong>Plastic plates, sheets and films:<\/strong> India supplies about 7 percent of nearly $50 million in imports<\/li>\n  <\/ul>\n  <p>From the first day of the agreement, New Zealand will remove tariffs on all qualifying Indian exports. This could make these exports more competitive against suppliers from other countries.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"How_Does_the_FTA_Relate_to_West_Asia_Trade_Disruptions\"><\/span>How Does the FTA Relate to West Asia Trade Disruptions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>The agreement comes as trade routes in West Asia are disrupted. An earlier Moneycontrol analysis found that New Zealand&#8217;s import demand could act as an alternative market for at least 12 percent of India&#8217;s exports currently exposed to the Strait of Hormuz. This estimate assumes prolonged disruptions and a weak recovery in demand in the affected Gulf economies.<\/p>\n  <p>Product groups with potential demand include:<\/p>\n  <ul class=\"doc\">\n    <li>Food preparations<\/li>\n    <li>Machinery<\/li>\n    <li>Medical instruments<\/li>\n    <li>Electrical equipment<\/li>\n    <li>Cosmetics<\/li>\n    <li>Plastics<\/li>\n  <\/ul>\n\n  <h2><span class=\"ez-toc-section\" id=\"Final_Outlook\"><\/span>Final Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"outlook\">\n    <p>The agreement is now in effect. Trade data for the coming quarters will show whether tariff removal changes where New Zealand buys from in the 1,144 categories where India&#8217;s presence is currently negligible. The pace of recovery in Gulf economies may also affect how much the New Zealand market becomes part of India&#8217;s efforts to diversify its export destinations.<\/p>\n  <\/div>\n\n  <p class=\"source\">\n    <strong>Source:<\/strong>\n    Moneycontrol\n  <\/p>\n\n  <div class=\"disclaimer\">\n    <strong>Disclaimer:<\/strong> This content is for education and awareness purpose only and should not be considered investment advice or a recommendation. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.\n  <\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The free trade agreement (FTA) between India and New Zealand was set to come into force on October 20. A Moneycontrol analysis of trade data shows it could open a market of about $6 billion for Indian exporters. Pharmaceuticals, gems and jewellery, machinery and manufactured goods are among the sectors expected to gain the most. &hellip; <a href=\"https:\/\/shoonya.com\/blog\/which-indian-exports-stand-to-gain-from-the-new-zealand-trade-deal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Which Indian Exports Stand to Gain From the New Zealand Trade Deal&#8221;<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":19116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[8134,9308,10806,10808,10807],"class_list":["post-19114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-free-trade-agreement","tag-india-exports","tag-india-nz-fta","tag-india-trade-agreement","tag-india-nz-fta-2"],"acf":[],"yoast_head":"<!-- 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