Cook Islands
2019 Product Exports | Imports: $30.3M | $205M, 205 of 225 | 202 of 225
Overview: In 2019 Cook Islands was the number 205 in total exports, the number 202 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Cook Islands are Non-fillet Frozen Fish ($11.8M), Recreational Boats ($6.99M), Fish Fillets ($4.97M), Precious Metal Scraps ($1.97M), and Fruit Juice ($961k), exporting mostly to Japan ($11.3M), Thailand ($6.24M), France ($5.21M), China ($1.2M), and Spain ($1.16M).
Imports: The top imports of Cook Islands are Passenger and Cargo Ships ($37.7M), Refined Petroleum ($30.6M), Recreational Boats ($26.3M), Cars ($3.82M), and Flavored Water ($2.45M), importing mostly from New Zealand ($83.4M), China ($42.7M), Italy ($24.7M), Fiji ($20.8M), and United States ($7.44M).
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Non-fillet Frozen Fish, $11.8M
Top Destination (2019): Japan, $11.3M
In 2019, Cook Islands exported a total of $30.3M, 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 $33.1M in 2014 to $30.3M in 2019.
The most recent exports are led by Non-fillet Frozen Fish ($11.8M), Recreational Boats ($6.99M), Fish Fillets ($4.97M), Precious Metal Scraps ($1.97M), and Fruit Juice ($961k). The most common destination for the exports of Cook Islands are Japan ($11.3M), Thailand ($6.24M), France ($5.21M), China ($1.2M), and Spain ($1.16M).
Yearly Imports
#permalink to sectionTop Import (2019): Passenger and Cargo Ships, $37.7M
Top Origin (2019): New Zealand, $83.4M
In 2019 Cook Islands imported $205M, making it the number 202 trade destination in the world. During the last five reported years the imports of Cook Islands changed by $59.2M from $145M in 2014 to $205M in 2019.
The most recent imports of Cook Islands are led by Passenger and Cargo Ships ($37.7M), Refined Petroleum ($30.6M), Recreational Boats ($26.3M), Cars ($3.82M), and Flavored Water ($2.45M). The most common import partners for Cook Islands are New Zealand ($83.4M), China ($42.7M), Italy ($24.7M), Fiji ($20.8M), and United States ($7.44M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionCook Islands has a high level of specialization in Coin (410), Non-fillet Frozen Fish (276), Recreational Boats (231), Fish Fillets (117), and Precious Metal Scraps (50.4). Specialization is measured using RCA, an index that takes the ratio between Cook Islands observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Cook Islands according to the product complexity index (PCI) are Equipment for physical and chemical analysis (1.72), Ketones and quinones, their derivatives (1.22), Parts for use with lifting, moving machinery (0.84), Wire, rod,etc of base metal, carbide for welding etc (0.59), and Paper, board, etc coated, impregnated, coloured, nes (0.45). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Cook Islands according to the relatedness index, are Non-fillet Fresh Fish (0.046), Molluscs (0.039), Scrap Copper (0.038), Scrap Aluminium (0.038), and Hard Liquor (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.
Product Space
#permalink to sectionThe 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
#permalink to sectionThe 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.
