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2022
Flag → Flag
Exports $35.5MRnk 144 / 220
2022
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Top Product $9.91MCars
2022
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Exports $403MRnk 2 / 95
2022
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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 In 2022, South Korea exported $35.5M to New Caledonia. The main products that South Korea exported to New Caledonia are Cars ($9.91M), Large Construction Vehicles ($8.31M), and Delivery Trucks ($3.87M). During the last 27 years the exports of South Korea to New Caledonia have increased at an annualized rate of 6.73%, from $6.12M in 1995 to $35.5M in 2022.

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

New Caledonia-South Korea 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). During the last 27 years the exports of New Caledonia to South Korea have increased at an annualized rate of 9.24%, from $37.1M in 1995 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

March, 2024

About

Overview In March 2024, South Korea exported $872k and imported $16.1M from New Caledonia, resulting in a negative trade balance of $15.2M. Between March 2023 and March 2024 the exports of South Korea have decreased by $-1.48M (-63%) from $2.36M to $872k, while imports decreased by $-48.6M (-75.1%) from $64.7M to $16.1M.

Trade In March 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 March 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 March 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 March 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$-1.48M(-63%)
IMPORT GROWTH (March 2023 - March 2024)$-48.6M(-75.1%)

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.

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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 27 years the exports of South Korea to New Caledonia have increased at an annualized rate of 6.73%, from $6.12M in 1995 to $35.5M in 2022.

In 2022, 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 27 years the exports of New Caledonia to South Korea have increased at an annualized rate of 9.24%, from $37.1M in 1995 to $403M in 2022.

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 2021, countries that imported more from South Korea than New Caledonia were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, 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 2022, 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 show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over New Caledonia. Similarly, the more yellow a dot/product is, the more New Caledonia has comparative advantage over South Korea.

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

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