2021
Flag  
GDP
$10.1BCURRENT US$
Rnk 145 / 204
2011-2021
Flag
GDP GROWTH
-2.71%CURRENT US$
Rnk 174 / 204
2021
Flag
 GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
GDP PC 
$36,668CURRENT US$
Rnk 35 / 204
2011-2021
Flag
GDP PC GROWTH
-9.9%CURRENT US$
Rnk 165 / 204
2021
Flag
GDP PC
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204

About

New Caledonia-South Korea In 2021, New Caledonia exported $315M to South Korea. The main products that New Caledonia exported to South Korea are Nickel Ore ($304M), Ferroalloys ($7.66M), and Carbonates ($1.04M). During the last 26 years the exports of New Caledonia to South Korea have increased at an annualized rate of 8.6%, from $36.9M in 1995 to $315M in 2021.

In 2021, New Caledonia did not export any services to South Korea.

South Korea-New Caledonia In 2021, South Korea exported $24.3M to New Caledonia. The main products that South Korea exported to New Caledonia were Cars ($6.08M), Large Construction Vehicles ($6.07M), and Delivery Trucks ($3M). During the last 26 years the exports of South Korea to New Caledonia have increased at an annualized rate of 5.46%, from $6.12M in 1995 to $24.3M in 2021.

In 2021, South Korea did not export any services to New Caledonia.

Comparison In 2021,  New Caledonia ranked 147 in total exports ($1.92B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, New Caledonia exported $315M to South Korea. The main products exported from New Caledonia to South Korea were Nickel Ore ($304M), Ferroalloys ($7.66M), and Carbonates ($1.04M). During the last 26 years the exports of New Caledonia to South Korea have increased at an annualized rate of 8.6%, from $36.9M in 1995 to $315M in 2021.

In 2021, South Korea exported $24.3M to New Caledonia. The main products exported from South Korea to New Caledonia were Cars ($6.08M), Large Construction Vehicles ($6.07M), and Delivery Trucks ($3M). During the last 26 years the exports of South Korea to New Caledonia have increased at an annualized rate of 5.46%, from $6.12M in 1995 to $24.3M in 2021.

Exports from New Caledonia (Flag) to South Korea (Flag) (2021)

Exports from South Korea (Flag) to New Caledonia (Flag) (2021)

Latest Data

Trade between New Caledonia (Flag) and South Korea (Flag)

New Caledonia Exports

Date

South Korea Exports

Market Competitiveness

Color
New Caledonia
Top Destination
China$1.06B
South Korea
Top Destination
China$158B

This map shows whether countries import more from New Caledonia or South Korea. Each country is colored based on the difference in imports they receive from New Caledonia and South Korea or the difference in the growth in imports.

In 2019, no countries were registered that imported more from New Caledonia than from South Korea.

In 2021, countries that imported more from South Korea than New Caledonia were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

Difference in imports from South Korea (Flag) and New Caledonia (Flag) (2021)

Comparative Advantage New Caledonia - South Korea

Flow
Scale

This chart compares trade between New Caledonia and South Korea by product, considering products traded by both, New Caledonia and South Korea.

During 2021, New Caledonia had a large net trade with South Korea in the exports of Mineral Products ($304M), Metals ($7.98M), and Chemical Products ($2.17M).

During 2021, South Korea had a large net trade with New Caledonia in the exports of Transportation ($10.2M), Machines ($8.55M), and Plastics and Rubbers ($2.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more New Caledonia has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over New Caledonia.

Product Space of New Caledonia (Flag) and South Korea (Flag) (2021)

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