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Pricing

2022
Flag → Flag
Exports $35.5MRnk 144 / 220
2022
Flag → Flag
Top Product $9.91MCars
2022
Flag → Flag
Exports $403MRnk 2 / 95
2022
Flag → Flag
Top Product $318MNickel Ore
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-New Caledonia Trade: In 2022, South Korea exported $35.5M to New Caledonia. The main products that South Korea exported to New Caledonia were Cars ($9.91M), Large Construction Vehicles ($8.31M), and Delivery Trucks ($3.87M). Over the past 5 years the exports of South Korea to New Caledonia have decreased at an annualized rate of 17.2%, from $91.1M in 2017 to $35.5M in 2022.

In 2022, South Korea did not export any services to New Caledonia.

New Caledonia-South Korea Trade: In 2022, New Caledonia exported $403M to South Korea. The main products that New Caledonia exported to South Korea were Nickel Ore ($318M), Nickel Mattes ($57.4M), and Ferroalloys ($26.4M). Over the past 5 years the exports of New Caledonia to South Korea have increased at an annualized rate of 8%,  from $274M in 2017 to $403M in 2022.

In 2022, New Caledonia did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, New Caledonia ranked 138 in total exports ($2.87B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $844k and imported $14.1M from New Caledonia, resulting in a negative trade balance of $13.3M. Between August 2023 and August 2024 the exports of South Korea have decreased by $-2.62M (-75.7%) from $3.47M to $844k, while imports decreased by $-24M (-62.9%) from $38.1M to $14.1M.

Trade In August 2024, the top exports of South Korea to New Caledonia were Cars, tractors, trucks & parts thereof. ($1.79M), Machinery, mechanical appliances, & parts ($1.55M), Fertilizers ($184k), Rubber & articles thereof ($140k), and Electrical machinery and electronics ($89k). In August 2024 the top imports of South Korea from New Caledonia were Ores, slag and ash ($16.9M), Iron & steel ($14k), Electrical machinery and electronics ($13k), Optical, photo, & film equipment; medical... ($1k), and Mineral fuels, mineral oils and products... ($0).

Growth In August 2024, the decrease in South Korea's year-by-year exports to New Caledonia was explained primarily by an decrease in product exports in Rubber & articles thereof ($-77k or -35.5%) and Iron or steel articles ($-52k or -62.7%). In August 2024, the decrease in South Korea's year-by-year imports  from New Caledonia was explained primarily by an decrease in product imports  in Ores, slag and ash ($-4.19M or -19.8%) and Electrical machinery and electronics ($-74k or -85.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-2.62M(-75.7%)
IMPORT GROWTH (August 2023 - August 2024)$-24M(-62.9%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check New Caledonia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Caledonia and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $35.5M to New Caledonia. The main products exported from South Korea to New Caledonia were Cars ($9.91M), Large Construction Vehicles ($8.31M), and Delivery Trucks ($3.87M). During the last 5 years the exports of South Korea to New Caledonia have decreased at an annualized rate of 17.2%, from $91.1M in 2017 to $35.5M in 2022.

In 2017, New Caledonia exported $403M to South Korea. The main products exported from New Caledonia to South Korea were Nickel Ore ($318M), Nickel Mattes ($57.4M), and Ferroalloys ($26.4M). During the last 5 years the exports of New Caledonia to South Korea have increased at an annualized rate of 8%, from $274M in 2022 to $403M in 2017.

Exports from South Korea (Flag) to New Caledonia (Flag) (2022)

Exports from New Caledonia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
New Caledonia
Top DestinationChina$1.79B

This map shows whether countries import more from South Korea or New Caledonia. Each country is colored based on the difference in imports they receive from South Korea and New Caledonia or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than New Caledonia included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from New Caledonia than from South Korea.

Difference in imports from New Caledonia (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - New Caledonia

Flow
Scale

This chart compares trade between South Korea and New Caledonia by product, considering products traded by both, South Korea and New Caledonia.

During 2022, South Korea had a large net trade with New Caledonia in the exports of Transportation ($15M), Machines ($13.8M), and Plastics and Rubbers ($2.88M).

During 2017, New Caledonia had a large net trade with South Korea in the exports of Mineral Products ($318M), Metals ($84M), and Chemical Products ($948k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and New Caledonia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over New Caledonia. Similarly, a dot/product with the flag of New Caledonia indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and New Caledonia (Flag) (2022)

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