Flag Cook Islands

Overview In 2020 Cook Islands was the number 205 economy in the world in terms of total exports and the number 212 in total imports.

Exports The top exports of Cook Islands are Non-fillet Frozen Fish ($15.6M), Recreational Boats ($3.84M), Fish Fillets ($3.26M), Vaccines, blood, antisera, toxins and cultures ($1.77M), and Crustaceans ($530k), exporting mostly to Japan ($13M), Thailand ($3.84M), France ($2.85M), China ($2.45M), and United States ($2.44M).

Imports The top imports of Cook Islands are Refined Petroleum ($8.61M), Iron Structures ($2.41M), Sawn Wood ($2.37M), Cars ($2.31M), and Flavored Water ($1.65M), importing mostly from New Zealand ($64.1M), China ($5.44M), Australia ($5.23M), Turkey ($3M), and United States ($2.71M).

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Cook 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): Non-fillet Frozen Fish, $15.6M

Top Destination (2020): Japan, $64.1M

In 2020, Cook Islands exported a total of $27.2M, making it the number 205 exporter in the world. During the last five reported years the exports of Cook Islands have changed by $2.83M from $24.4M in 2015 to $27.2M in 2020.

The most recent exports are led by Non-fillet Frozen Fish ($15.6M), Recreational Boats ($3.84M), Fish Fillets ($3.26M), Vaccines, blood, antisera, toxins and cultures ($1.77M), and Crustaceans ($530k). The most common destination for the exports of Cook Islands are Japan ($13M), Thailand ($3.84M), France ($2.85M), China ($2.45M), and United States ($2.44M).

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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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Cook Islands has a high level of specialization in Non-fillet Frozen Fish (417), Recreational Boats (124), Fish Fillets (86.6), Glass Beads (37.4), and Explosive Ammunition (22.8). Specialization is measured using RCA, an index that takes the ratio between Cook Islands observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Cook Islands according to the relatedness index, are Non-fillet Fresh Fish (0.041), Molluscs (0.039), Knit T-shirts (0.038), Non-Knit Active Wear (0.038), and Knit Men's Shirts (0.038). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cook 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 Cook Islands. These are products that tend to be co-exported with the products that Cook 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.