Flag Cocos (Keeling) Islands

2019
Product
Exports | Imports
: $4.52M | $5.89M, 221 of 225 |  224 of 225

Exports: The top exports of Cocos (Keeling) Islands are Computers ($1.54M), Packaged Medicaments ($653k), Precious Metal Watches ($175k), Office Machine Parts ($162k), and Chemical Analysis Instruments ($135k), exporting mostly to United States ($2.6M), Ireland ($658k), Australia ($235k), Canada ($153k), and United Kingdom ($110k).

Imports: The top imports of Cocos (Keeling) Islands are Gold ($886k), X-Ray Equipment ($345k), Cars ($337k), Prefabricated Buildings ($324k), and Packaged Medicaments ($240k), importing mostly from Australia ($4.31M), United Arab Emirates ($896k), Netherlands ($271k), Germany ($157k), and United Kingdom ($79.1k).

Yearly Exports

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Value
Depth

Top Export (2019): Computers, $1.54M

Top Destination (2019): United States, $2.6M

In 2019, Cocos (Keeling) Islands exported a total of $4.52M, making it the number 221 exporter in the world. During the last five reported years the exports of Cocos (Keeling) Islands have changed by -$6.31M from $10.8M in 2014 to $4.52M in 2019.

The most recent exports are led by Computers ($1.54M), Packaged Medicaments ($653k), Precious Metal Watches ($175k), Office Machine Parts ($162k), and Chemical Analysis Instruments ($135k). The most common destination for the exports of Cocos (Keeling) Islands are United States ($2.6M), Ireland ($658k), Australia ($235k), Canada ($153k), and United Kingdom ($110k).

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Yearly Imports

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Value
Depth

Top Import (2019): Gold, $886k

Top Origin (2019): Australia, $4.31M

In 2019 Cocos (Keeling) Islands imported $5.89M, making it the number 224 trade destination in the world. During the last five reported years the imports of Cocos (Keeling) Islands changed by -$47.1M from $53M in 2014 to $5.89M in 2019.

The most recent imports of Cocos (Keeling) Islands are led by Gold ($886k), X-Ray Equipment ($345k), Cars ($337k), Prefabricated Buildings ($324k), and Packaged Medicaments ($240k). The most common import partners for Cocos (Keeling) Islands are Australia ($4.31M), United Arab Emirates ($896k), Netherlands ($271k), Germany ($157k), and United Kingdom ($79.1k).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Economic Complexity

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Most Specialized Products by RCA Index

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Cocos (Keeling) Islands has a high level of specialization in Bells and Other Metal Ornaments (84), Precious Metal Watches (52.5), Cameras (38.3), Heavy Synthetic Cotton Fabrics (35.3), and Root Vegetables (32.4). Specialization is measured using RCA, an index that takes the ratio between Cocos (Keeling) Islands observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Cocos (Keeling) Islands according to the product complexity index (PCI) are Equipment for physical and chemical analysis (1.72), Parts, accessories, except covers, for office machines (1.56), Mounted lenses, prisms, mirrors, optical elements nes (1.55), Hand saws and blades for saws of all kinds (1.53), and Glass mirrors, whether or not framed (1.29). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Cocos (Keeling) Islands according to the relatedness index, are Portable Lighting (0.081), Telephones (0.08), Artificial Vegetation (0.08), Radio Receivers (0.077), and Non-Knit Women's Coats (0.076). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cocos (Keeling) Islands is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.