Flag New Caledonia

Product Exports (2018): $1.99B, Rank 134 of 222

Exports Per Capita (2018): $7.02k, Rank 135 of 219

Product Imports (2018): $2.36B, Rank 153 of 221

Imports Per Capita (2018): $8.32k, Rank 164 of 219

Service Exports (2011): $457M, Rank 143 of 186

Service Imports (2011): $1.31B, Rank 112 of 184

Overview: In 2018 New Caledonia was the number 134 in total exports and the number 153 in total imports. In 2018, New Caledonia exported $1.99B and imported $2.36B, resulting in a negative trade balance of -$370M. In 2018, New Caledonia's exports per capita were $7.02k and its imports per capita were $8.32k.

Trade: The top exports of New Caledonia are Ferroalloys ($1.03B), Nickel Ore ($402M), Nickel Mattes ($392M), Cobalt ($46.7M), and Carbonates ($27.6M). The top imports of New Caledonia are Refined Petroleum ($516M), Coal Briquettes ($129M), Cars ($103M), Packaged Medicaments ($78.4M), and Delivery Trucks ($58.2M).

Destinations: New Caledonia exports mostly to China ($1.06B), South Korea ($322M), Japan ($202M), Chinese Taipei ($103M), and Spain ($69.1M), and imports mostly from France ($811M), Singapore ($348M), Australia ($298M), South Korea ($141M), and China ($134M).

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

Product Exports

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Top Export (2018): Ferroalloys, $1.03B

Top Destination (2018): China, $1.06B

In 2018 New Caledonia exported a total of $1.99B, making it the number 134 exporter in the world. During the last five reported years the exports of New Caledonia have changed by $554M from $1.44B in 2013 to $1.99B in 2018.

The most recent exports are led by Ferroalloys ($1.03B), Nickel Ore ($402M), Nickel Mattes ($392M), Cobalt ($46.7M), and Carbonates ($27.6M). The most common destination for the exports of New Caledonia are China ($1.06B), South Korea ($322M), Japan ($202M), Chinese Taipei ($103M), and Spain ($69.1M).

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Product Imports

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Top Import (2018): Refined Petroleum, $516M

Top Origin (2018): France, $811M

In 2018 New Caledonia imported $2.36B, making it the number 153 trade destination in the world. During the last five reported years the imports of New Caledonia changed by -$822M from $3.19B in 2013 to $2.36B in 2018.

The most recent imports of New Caledonia are led by Refined Petroleum ($516M), Coal Briquettes ($129M), Cars ($103M), Packaged Medicaments ($78.4M), and Delivery Trucks ($58.2M). The most common import partners for New Caledonia are France ($811M), Singapore ($348M), Australia ($298M), South Korea ($141M), and China ($134M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for New Caledonia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 (1.27k), Nickel Mattes (611), Ferroalloys (279), Cobalt (54.7), and Sulfates (52.3). 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 Steam turbines and other vapour turbines (1.36), Frames and mountings for spectacles, goggles, etc (0.2), Meat, edible meat offal nes, fresh, chilled or frozen (0.15), Sulphates, alums, peroxosulphates (persulphates) (-0.42), and Carbonates (-0.43). 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 Uranium and Thorium Ore (0.042), Chromium Ore (0.027), Coal Briquettes (0.025), Nickel Powder (0.024), and Semi chemical Woodpulp (0.024). 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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.