2023
Flag  
GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC 
$49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195

About

United Kingdom-Cocos (Keeling) Islands Trade: In 2023, United Kingdom exported $29.9k to Cocos (Keeling) Islands. The main products that United Kingdom exported to Cocos (Keeling) Islands were Delivery Trucks ($19.9k), Chemical Analysis Instruments ($6.04k), and Electrical Resistors ($2.53k). Over the past 5 years the exports of United Kingdom to Cocos (Keeling) Islands have decreased at an annualized rate of 40.1%, from $387k in 2018 to $29.9k in 2023.

In 2023, United Kingdom did not export any services to Cocos (Keeling) Islands.

Cocos (Keeling) Islands-United Kingdom Trade: In 2023, Cocos (Keeling) Islands exported $676k to United Kingdom. The main products that Cocos (Keeling) Islands exported to United Kingdom were Medical Instruments ($101k), Plastic Floor Coverings ($98k), and Artificial Vegetation ($80k). Over the past 5 years the exports of Cocos (Keeling) Islands to United Kingdom have increased at an annualized rate of 72%,  from $44.9k in 2018 to $676k in 2023.

In 2023, Cocos (Keeling) Islands did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Cocos (Keeling) Islands ranked 219 in total exports ($5.87M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $29.9k to Cocos (Keeling) Islands. The main products exported from United Kingdom to Cocos (Keeling) Islands were Delivery Trucks ($19.9k), Chemical Analysis Instruments ($6.04k), and Electrical Resistors ($2.53k). During the last 5 years the exports of United Kingdom to Cocos (Keeling) Islands have decreased at an annualized rate of 40.1%, from $387k in 2018 to $29.9k in 2023.

In 2018, Cocos (Keeling) Islands exported $676k to United Kingdom. The main products exported from Cocos (Keeling) Islands to United Kingdom were Medical Instruments ($101k), Plastic Floor Coverings ($98k), and Artificial Vegetation ($80k). During the last 5 years the exports of Cocos (Keeling) Islands to United Kingdom have increased at an annualized rate of 72%, from $44.9k in 2023 to $676k in 2018.

Exports from United Kingdom (Flag) to Cocos (Keeling) Islands (Flag) (2023)

Exports from Cocos (Keeling) Islands (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$59.7B

This map shows whether countries import more from United Kingdom or Cocos (Keeling) Islands. Each country is colored based on the difference in imports they receive from United Kingdom and Cocos (Keeling) Islands or the difference in the growth in imports.

In 2023, countries that imported more from United Kingdom than Cocos (Keeling) Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Cocos (Keeling) Islands than from United Kingdom.

Difference in imports from Cocos (Keeling) Islands (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Cocos (Keeling) Islands

Flow
Scale

This chart compares trade between United Kingdom and Cocos (Keeling) Islands by product, considering products traded by both, United Kingdom and Cocos (Keeling) Islands.

During 2023, United Kingdom had a large net trade with Cocos (Keeling) Islands in the exports of Transportation ($19.9k), Instruments ($6.04k), and Machines ($3.98k).

During 2018, Cocos (Keeling) Islands had a large net trade with United Kingdom in the exports of Plastics and Rubbers ($150k), Machines ($130k), and Instruments ($119k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Cocos (Keeling) Islands. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Cocos (Keeling) Islands. Similarly, a dot/product with the flag of Cocos (Keeling) Islands indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Cocos (Keeling) Islands (Flag) (2023)

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