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.
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.
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).
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.
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.
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.
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.