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But there are also some big differences, such as the composition of their commodity exports: New Zealand's top exports are dairy, meat and forestry products, whereas Australia's top three are coal, iron ore and gold.
ECONOMIST: Should Australia and New Zealand form a currency union?
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Patricia is one of three siblings who share a fortune that comes from forestry and paper products as well as stakes in telecom, banking and shipping firms.
FORBES: Patricia Matte
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Bernardo is one of three siblings who share a fortune that comes from forestry and paper products as well as stakes in telecom, banking and shipping firms.
FORBES: Bernardo Matte
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Eliodoro Matte is one of three siblings who share a fortune that comes from forestry and paper products as well as stakes in telecom, banking and shipping firms.
FORBES: Eliodoro Matte
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Having started off in forestry and paper products in the 19th century, it later moved into rubber, cables and electronics before focusing on mobile phones in the 1980s.
ECONOMIST: Nokia
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The Forest Stewardship Council provides certification for the forestry industry and its products.
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Those companies participate in a wide variety of markets: medical products, biomedical research, printing, dental products, forestry and investing.
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Roughly 50% of the raw materials that the company uses for its products come from agriculture and forestry.
FORBES: Breaking Out Unilever's Value By Product Line
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Its products are used in the construction, road building, mining, forestry, energy, transportation and material-handling industries.
FORBES: Handicapping The Dow's Earnings: Buy IBM, Microsoft
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But the conglomerate also includes a forestry arm (which may be the first unit to go), a consumer products unit that produces Nike shoes under license, a subsidiary that mines coal and a plantation that produces and exports palm oil.
CNN: The Winner Is . . .