FOREIGN TRADE Compared with regional economies, Pacific island economies and other French overseas departments and collectivities, New Caledonia has an atypical export profile, due in particular to the importance of the nickel sector in the economy. Exports - 1.8 billion € (220bn XPF) of goods exported in 2021, ¼ of GDP - Exports largely dependent on nickel (90%) - Over 80% of exports go to Asian markets Imports - High dependency on imports, with a coverage rate of 60%. - Protection of the local market imposing quantitative restrictions and import taxes on certain products (source: https://choosenewcaledonia.nc/leconomie/chiffres-cles) 1 - NEW CALEDONIA IN BRIEF 8
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