New Caledonia / Kuwait 
2021 → Exports: $5.72k, Rnk 48 / 92
2021 → Top Product: $4.45k, Glaziers Putty
2021 → Exports: $63, Rnk 4 / 0
2021 Economic Complexity (ECI): ECI 0.34, Rnk 48 / 131
New Caledonia-Kuwait In 2021, New Caledonia exported $5.72k to Kuwait. The main products that New Caledonia exported to Kuwait are Glaziers Putty ($4.45k), Interchangeable Tool Parts ($713), and Other Iron Products ($333). During the last 14 years the exports of New Caledonia to Kuwait have decreased at an annualized rate of 4.93%, from $11.6k in 2007 to $5.72k in 2021.
In 2021, New Caledonia did not export any services to Kuwait.
Kuwait-New Caledonia In 2021, Kuwait exported $63 to New Caledonia. The main products that Kuwait exported to New Caledonia were N/A. During the last 14 years the exports of Kuwait to New Caledonia have increased at an annualized rate of 15.9%, from $8 in 2007 to $63 in 2021.
In 2021, Kuwait 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, Kuwait ranked 48 in the Economic Complexity Index (ECI 0.34), and 51 in total exports ($58.2B).
Historical Data
#permalink to sectionBilateral Trade by Products
#permalink to sectionIn 2021, New Caledonia exported $5.72k to Kuwait. The main products exported from New Caledonia to Kuwait were Glaziers Putty ($4.45k), Interchangeable Tool Parts ($713), and Other Iron Products ($333). During the last 14 years the exports of New Caledonia to Kuwait have decreased at an annualized rate of 4.93%, from $11.6k in 2007 to $5.72k in 2021.
In 2015, Kuwait exported $63 to New Caledonia. There were not main exports from Kuwait to New Caledonia in 2015. During the last 14 years the exports of Kuwait to New Caledonia have increased at an annualized rate of 15.9%, from $8 in 2001 to $63 in 2015.
Market Competitiveness
#permalink to sectionNew Caledonia Top Destination: China, $1.06B
This map shows whether countries import more from New Caledonia or Kuwait. Each country is colored based on the difference in imports they receive from New Caledonia and Kuwait or the difference in the growth in imports.
In 2021, countries that imported more from New Caledonia than Kuwait were Australia ($13.4M), Fiji ($799k), and Macau ($44.6k).
In 2021, countries that imported more from Kuwait than New Caledonia were China ($16B), India ($8.72B), and South Korea ($7.23B).
Comparative Advantage New Caledonia - Kuwait
#permalink to sectionThis chart compares trade between New Caledonia and Kuwait by product, considering products traded by both, New Caledonia and Kuwait.
During 2021, New Caledonia had a large net trade with Kuwait in the exports of Chemical Products ($4.45k), Metals ($1.05k), and Textiles ($219).
During 2015, Kuwait had a large net trade with New Caledonia in the exports of .
Economic Complexity
#permalink to sectionCompetitive Landscape
#permalink to sectionThis 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 Kuwait. Similarly, the more yellow a dot/product is, the more Kuwait has comparative advantage over New Caledonia.
