Flag Cocos (Keeling) Islands

Product Exports (2018): $4.97M, Rank 217 of 222

Product Imports (2018): $5.44M, Rank 220 of 221

Overview: This page contains the latest international trade data for Cocos (Keeling) Islands. In 2018 Cocos (Keeling) Islands was the number 217 in total exports and the number 220 in total imports. In 2018, Cocos (Keeling) Islands exported $4.97M and imported $5.44M, resulting in a negative trade balance of -$466k.

Trade: The top exports of Cocos (Keeling) Islands are Computers ($1.03M), Vehicle Parts ($374k), Knives ($258k), Non-Knit Women's Coats ($251k), and Broadcasting Equipment ($220k). The top imports of Cocos (Keeling) Islands are Integrated Circuits ($860k), Cars ($492k), Prefabricated Buildings ($416k), Audio Alarms ($285k), and Iron Structures ($245k).

Destinations: Cocos (Keeling) Islands exports mostly to United States ($2.89M), Slovakia ($429k), Fiji ($210k), South Korea ($140k), and Netherlands ($139k), and imports mostly from Australia ($3.25M), Malaysia ($869k), United Kingdom ($387k), United States ($333k), and Canada ($212k).

Yearly Exports

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Value
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Top Export (2018): Computers, $1.03M

Top Destination (2018): United States, $2.89M

In 2018 Cocos (Keeling) Islands exported a total of $4.97M, making it the number 217 exporter in the world. During the last five reported years the exports of Cocos (Keeling) Islands have changed by -$1.58M from $6.55M in 2013 to $4.97M in 2018.

The most recent exports are led by Computers ($1.03M), Vehicle Parts ($374k), Knives ($258k), Non-Knit Women's Coats ($251k), and Broadcasting Equipment ($220k). The most common destination for the exports of Cocos (Keeling) Islands are United States ($2.89M), Slovakia ($429k), Fiji ($210k), South Korea ($140k), and Netherlands ($139k).

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Yearly Imports

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Top Import (2018): Integrated Circuits, $860k

Top Origin (2018): Australia, $3.25M

In 2018 Cocos (Keeling) Islands imported $5.44M, making it the number 220 trade destination in the world. During the last five reported years the imports of Cocos (Keeling) Islands changed by -$21M from $26.4M in 2013 to $5.44M in 2018.

The most recent imports of Cocos (Keeling) Islands are led by Integrated Circuits ($860k), Cars ($492k), Prefabricated Buildings ($416k), Audio Alarms ($285k), and Iron Structures ($245k). The most common import partners for Cocos (Keeling) Islands are Australia ($3.25M), Malaysia ($869k), United Kingdom ($387k), United States ($333k), and Canada ($212k).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Cocos (Keeling) Islands. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 Knives (341), Potatoes (138), Iron Radiators (112), Other Carpets (83.4), and Iron Wire (61.8). 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 Machines nes having individual functions (2), Gaskets and similar joints of metal sheet (1.86), Electric solder, weld, braze,hot metal spray equipment (1.83), Tools for working in the hand, non-electric motor (1.65), and Self-adhesive plates, sheets, film etc of plastic (1.55). 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 Non-Knit Men's Shirts (0.1), Non-Knit Women's Shirts (0.1), Hats (0.1), Other Knit Clothing Accessories (0.1), and Knit Socks and Hosiery (0.099). 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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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.