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2023
Product
Exports | Imports $2.05B | $2.61B144 of 226 |  158 of 226
2023
Per Capita Product
Exports | Imports $7.06k | $9.01k52 of 220 |  74 of 220

About

Overview In 2023 New Caledonia was the number 144 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 ($1.03B), Nickel Mattes ($558M), Nickel Ore ($408M), Processed Crustaceans ($8.22M), and Crustaceans ($4.77M), exporting mostly to China ($1.53B), Japan ($178M), Chinese Taipei ($61.8M), India ($55.8M), and France ($44.2M).

Imports The top imports of New Caledonia are Refined Petroleum ($481M), Coal Briquettes ($146M), Cars ($115M), Planes, Helicopters, and/or Spacecraft ($80.9M), and Packaged Medicaments ($77.3M), importing mostly from France ($934M), Singapore ($418M), Australia ($385M), China ($152M), and New Zealand ($88.5M).

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

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Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

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

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Ferroalloys$1.03B
Top Destination (2023)China$1.53B

In 2023, New Caledonia exported a total of $2.05B, making it the number 144 exporter in the world. During the last five reported years the exports of New Caledonia have changed by -$47.7M from $2.09B in 2018 to $2.05B in 2023.

The most recent exports are led by Ferroalloys ($1.03B), Nickel Mattes ($558M), Nickel Ore ($408M), Processed Crustaceans ($8.22M), and Crustaceans ($4.77M). The most common destination for the exports of New Caledonia are China ($1.53B), Japan ($178M), Chinese Taipei ($61.8M), India ($55.8M), and France ($44.2M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
India$47.7M (+ 589%)
Canada$23.4M (+ 2.8k%)
Netherlands$17.9M (+ 111%)
Fastest Growing Import Markets (2022 - 2023)
France$118M (+ 14.4%)
Singapore$50.3M (+ 13.7%)
Germany$9.9M (+ 22%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2011)

Service Imports (2011)

Economic Complexity

Most Specialized Products by RCA Index

New Caledonia has a high level of specialization in Nickel Ore (939), Nickel Mattes (392), Ferroalloys (233), Other Slag and Ash (10), and Essential Oils (8.82). 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

The highest complexity exports of New Caledonia according to the product complexity index (PCI) are Breathing appliances and gas masks; excluding protective masks having neither mechanical parts... (0.3), Slag and ash n.e.c. in chapter 26; including seaweed ash (kelp) and... (-0.0068), Slag, dross; (other than granulated slag), scalings and other waste from the... (-0.7), Oils; essential (concretes, absolutes); concentrates thereof in fats, fixed oils, waxes or... (-1.14), and Ferro-alloys (-1.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for New Caledonia according to the relatedness index, were Manganese Ore (0.022), Fish Oil (0.02), Non-fillet Frozen Fish (0.02), Cobalt (0.019), and Other Hides and Skins (0.019). 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.

Product Space

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

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.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

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