Overview In 2020 New Caledonia was the number 141 economy in the world in terms of total exports and the number 158 in total imports.

Exports The top exports of New Caledonia are Ferroalloys ($825M), Nickel Ore ($538M), Nickel Mattes ($337M), Cobalt ($9.39M), and Carbonates ($8.1M), exporting mostly to China ($1.09B), South Korea ($241M), Japan ($191M), Chinese Taipei ($61.3M), and Spain ($39.6M).

Imports The top imports of New Caledonia are Refined Petroleum ($231M), Coal Briquettes ($96.4M), Cars ($93.1M), Packaged Medicaments ($75.3M), and Planes, Helicopters, and/or Spacecraft ($69.8M), importing mostly from France ($909M), Australia ($260M), Singapore ($211M), China ($121M), and New Zealand ($86.6M).

Location New Caledonia borders Indonesia by land and Australia, Fiji, Papua New Guinea, Solomon Islands, Vanuatu, and Norfolk Island by sea.

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The following section uses the most recent trade data from partners of New Caledonia.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Yearly Exports

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Top Export (2020): Ferroalloys, $825M

Top Destination (2020): China, $1.09B

In 2020, New Caledonia exported a total of $1.76B, making it the number 141 exporter in the world. During the last five reported years the exports of New Caledonia have changed by $269M from $1.49B in 2015 to $1.76B in 2020.

The most recent exports are led by Ferroalloys ($825M), Nickel Ore ($538M), Nickel Mattes ($337M), Cobalt ($9.39M), and Carbonates ($8.1M). The most common destination for the exports of New Caledonia are China ($1.09B), South Korea ($241M), Japan ($191M), Chinese Taipei ($61.3M), and Spain ($39.6M).

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Yearly Imports

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Top Import (2020): Refined Petroleum, $231M

Top Origin (2020): France, $909M

In 2020 New Caledonia imported $2.1B, making it the number 158 trade destination in the world. During the last five reported years the imports of New Caledonia changed by -$763M from $2.86B in 2015 to $2.1B in 2020.

The most recent imports of New Caledonia are led by Refined Petroleum ($231M), Coal Briquettes ($96.4M), Cars ($93.1M), Packaged Medicaments ($75.3M), and Planes, Helicopters, and/or Spacecraft ($69.8M). The most common import partners for New Caledonia are France ($909M), Australia ($260M), Singapore ($211M), China ($121M), and New Zealand ($86.6M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

New Caledonia Exports Services (2011): $457M

New Caledonia Imports Services (2011): $1.31B

In 2011, New Caledonia exported $457M worth of services. The top services exported by New Caledonia in 2011 were Travel ($147M), Air transport ($113M), Government services, n.i.e. ($107M), Miscellaneous business, professional, and technical services ($35.7M), and Construction services ($24.3M).

The top services imported by New Caledonia in 2011 were Miscellaneous business, professional, and technical services ($536M), Sea transport ($240M), Air transport ($173M), Travel ($169M), and Insurance services ($66.5M).

Economic Complexity

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Most Specialized Products by RCA Index

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New Caledonia has a high level of specialization in Nickel Ore (1.39k), Nickel Mattes (517), Ferroalloys (284), Cobalt (18), and Essential Oils (11.2). Specialization is measured using RCA, an index that takes the ratio between New Caledonia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of New Caledonia according to the product complexity index (PCI) are Breathing appliances and gas masks (0.36), Nickel waste or scrap (0.057), Unwrought nickel (-0.38), Hydrazine, hydroxylamine, metal oxides, hydroxides nes (-0.39), and Carbonates (-0.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for New Caledonia according to the relatedness index, are Coal Briquettes (0.035), Other Ores (0.028), Uranium and Thorium Ore (0.027), Chromium Ore (0.027), and Tin Ores (0.027). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that New Caledonia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of New Caledonia. These are products that tend to be co-exported with the products that New Caledonia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.