Flag Cocos (Keeling) Islands

Overview In 2020 Cocos (Keeling) Islands was the number 222 economy in the world in terms of total exports and the number 225 in total imports.

Exports The top exports of Cocos (Keeling) Islands are Video and Card Games ($595k), Other Plastic Products ($340k), Medical Instruments ($241k), Hypochlorites ($222k), and Integrated Circuits ($190k), exporting mostly to United States ($1.58M), United Kingdom ($721k), Australia ($642k), Brazil ($305k), and Philippines ($229k).

Imports The top imports of Cocos (Keeling) Islands are Cars ($306k), Iron Structures ($281k), Base Metal Watches ($269k), Prefabricated Buildings ($269k), and Motorcycles and cycles ($188k), importing mostly from Australia ($3.95M), Philippines ($269k), Canada ($192k), United States ($114k), and Ireland ($104k).

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The following section uses the most recent trade data from partners of Cocos (Keeling) Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Video and Card Games, $595k

Top Destination (2020): United States, $3.95M

In 2020, Cocos (Keeling) Islands exported a total of $4.78M, making it the number 222 exporter in the world. During the last five reported years the exports of Cocos (Keeling) Islands have changed by -$5.46M from $10.2M in 2015 to $4.78M in 2020.

The most recent exports are led by Video and Card Games ($595k), Other Plastic Products ($340k), Medical Instruments ($241k), Hypochlorites ($222k), and Integrated Circuits ($190k). The most common destination for the exports of Cocos (Keeling) Islands are United States ($1.58M), United Kingdom ($721k), Australia ($642k), Brazil ($305k), and Philippines ($229k).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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 Hypochlorites (1.18k), Heavy Synthetic Cotton Fabrics (214), Video and Card Games (73.7), Knit Active Wear (67), and Plastic Wash Basins (39.9). Specialization is measured using RCA, an index that takes the ratio between Cocos (Keeling) Islands observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Cocos (Keeling) Islands according to the relatedness index, are Telephones (0.095), Cutlery Sets (0.093), Computers (0.092), Pig Hair (0.092), and Party Decorations (0.092). 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Cocos (keeling) Islands. These are products that tend to be co-exported with the products that Cocos (keeling) Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.