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.
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 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.
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.