Flag New Zealand / Cook Islands Flag

Exports FlagFlag  (2018): $53.5M, Rnk 53 / 206

Top Product FlagFlag (2018): $6.81M, Refined Petroleum

Exports FlagFlag (2018): $336k, Rnk 11 / 40

Top Product FlagFlag (2018): $142k, Fruit Juice

Economic Complexity of Flag (2018): ECI 0.46, Rnk 49 / 137

GDP Flag (2018): $205B, CURRENT US$
Rnk 51 / 196

GDP GROWTH Flag (2008-2018): 53.8%, CURRENT US$
Rnk 77 / 196

GDP PC Flag (2018): $41,945, CURRENT US$
Rnk 24 / 196

GDP PC GROWTH Flag (2008-2018): 34.1%, CURRENT US$
Rnk 74 / 196

New Zealand-Cook Islands: In 2018, New Zealand exported $53.5M to Cook Islands. The main products exported from New Zealand to Cook Islands were Refined Petroleum ($6.81M), Cars ($2.79M), and Flavored Water ($2.54M). During the last 23 years the exports of New Zealand to Cook Islands have increased at an annualized rate of 3.91%, from $22.2M in 1995 to $53.5M in 2018.

Cook Islands-New Zealand: In 2018, Cook Islands exported $336k to New Zealand. The main products exported from Cook Islands to New Zealand were Fruit Juice ($142k), Scrap Iron ($66.8k), and Pearls ($32.3k). During the last 23 years the exports of Cook Islands to New Zealand have decreased at an annualized rate of 4.67%, from $1.01M in 1995 to $336k in 2018.

Comparison: In 2018, New Zealand ranked 49 in the Economic Complexity Index (ECI 0.46), and 58 in total exports ($40.1B). That same year, Cook Islands ranked 198 in total exports ($42.3M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, New Zealand was ranked 24 with a GDP Per Capita of $41,945, while Cook Islands has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, New Zealand exported $53.5M to Cook Islands. The main products exported from New Zealand to Cook Islands were Refined Petroleum ($6.81M), Cars ($2.79M), and Flavored Water ($2.54M). During the last 23 years the exports of New Zealand to Cook Islands have increased at an annualized rate of 3.91%, from $22.2M in 1995 to $53.5M in 2018.

In 2018, Cook Islands exported $336k to New Zealand. The main products exported from Cook Islands to New Zealand were Fruit Juice ($142k), Scrap Iron ($66.8k), and Pearls ($32.3k). During the last 23 years the exports of Cook Islands to New Zealand have decreased at an annualized rate of 4.67%, from $1.01M in 1995 to $336k in 2018.

Market Competitiveness

#permalink to section
Measure

New Zealand
Top Destination
: China, $9.75B

Cook Islands
Top Destination
: Japan, $14.1M

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

In 2018, countries that imported more from New Zealand than Cook Islands were China ($9.75B), Australia ($6.17B), and United States ($3.82B).

In 2018, no countries were registered that imported more from Cook Islands than from New Zealand.

Comparative Advantage New Zealand - Cook Islands

#permalink to section
Depth

This chart compares trade between New Zealand and Cook Islands by product, considering products traded by both, New Zealand and Cook Islands.

During 2018, New Zealand had a large net trade with Cook Islands in the exports of Foodstuffs ($11.2M), Mineral Products ($7.77M), and Animal Products ($7.37M).

During 2018, Cook Islands had a large net trade with New Zealand in the exports of Foodstuffs ($152k), Metals ($78.1k), and Precious Metals ($32.3k).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between New Zealand and Cook Islands. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more New Zealand has comparative advantage over Cook Islands. Similarly, the more red a dot/product is, the more Cook Islands has comparative advantage over New Zealand.