New Caledonia (NCL) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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New Caledonia-South Korea Trade: In 2022, New Caledonia exported $274M to South Korea. The main products that New Caledonia exported to South Korea were Nickel Ore ($318M), Nickel Mattes ($57.4M), and Ferroalloys ($26.4M). Over the past 5 years the exports of New Caledonia to South Korea have increased at an annualized rate of 49.2%, from $37.1M in 2017 to $274M in 2022.

In 2022, New Caledonia did not export any services to South Korea.

South Korea-New Caledonia Trade: In 2022, South Korea exported $91.1M to New Caledonia. The main products that South Korea exported to New Caledonia were Cars ($9.91M), Large Construction Vehicles ($8.31M), and Delivery Trucks ($3.87M). Over the past 5 years the exports of South Korea to New Caledonia have increased at an annualized rate of 71.6%, from $6.12M in 2017 to $91.1M in 2022.

In 2022, South Korea did not export any services to New Caledonia.

Comparison In 2022, New Caledonia ranked 138 in total exports ($2.87B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, New Caledonia exported $274M to South Korea. The main products exported from New Caledonia to South Korea were Nickel Ore ($318M), Nickel Mattes ($57.4M), and Ferroalloys ($26.4M). During the last 5 years the exports of New Caledonia to South Korea have increased at an annualized rate of 49.2%, from $37.1M in 2017 to $274M in 2022.

In 2017, South Korea exported $91.1M to New Caledonia. The main products exported from South Korea to New Caledonia were Cars ($9.91M), Large Construction Vehicles ($8.31M), and Delivery Trucks ($3.87M). During the last 22 years the exports of South Korea to New Caledonia have increased at an annualized rate of 71.6%, from $6.12M in 1995 to $91.1M in 2017.

Exports from New Caledonia () to South Korea () (2022)

Exports from South Korea () to New Caledonia () (2022)

Latest Data

Trade between New Caledonia () and South Korea ()

New Caledonia Exports

Date

Feb 2016

Jan 2016

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South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Caledonia
Top DestinationChina$1.79B

South Korea
Top DestinationChina$150B

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 2022, no countries were registered that imported more from New Caledonia than from South Korea.

In 2022, countries that imported more from South Korea than New Caledonia included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and New Caledonia () (2022)

Comparative Advantage New Caledonia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Caledonia had a large net trade with South Korea in the exports of Mineral Products ($318M), Metals ($84M), and Chemical Products ($948k).

During 2017, South Korea had a large net trade with New Caledonia in the exports of Transportation ($15M), Machines ($13.8M), and Plastics and Rubbers ($2.88M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of New Caledonia and South Korea. This means that a dot/product with the flag of New Caledonia indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over New Caledonia.

About

Historical Data

Bilateral Trade by Products

Exports from New Caledonia () to South Korea () (2022)

Exports from South Korea () to New Caledonia () (2022)

Latest Data

Trade between New Caledonia () and South Korea ()

New Caledonia Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and New Caledonia () (2022)

Comparative Advantage New Caledonia - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Caledonia () and South Korea () (2022)

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