Flag New Caledonia / South Korea Flag

2021
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Exports
: $315M, Rnk 2 / 92

2021
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Top Product
: $304M, Nickel Ore

2021
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Exports
: $24.3M, Rnk 149 / 218

2021
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Top Product
: $6.08M, Cars

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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 GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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GDP PC
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

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

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Bilateral Trade by Products

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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.

New Caledonia Exports

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Date

South Korea Exports

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Market Competitiveness

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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).

Comparative Advantage New Caledonia - South Korea

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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

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Competitive Landscape

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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.