Cook Islands
Product Exports (2018): $42.3M, Rank 198 of 222
Product Imports (2018): $113M, Rank 205 of 221
Exports: The top exports of Cook Islands are Recreational Boats ($15.4M), Non-fillet Frozen Fish ($15.2M), Fish Fillets ($6.25M), Gas Turbines ($1.5M), and Fruit Juice ($948k), exporting mostly to Japan ($14.1M), France ($13.6M), Thailand ($6.02M), China ($2.34M), and Singapore ($1.56M).
Imports: The top imports of Cook Islands are Refined Petroleum ($26.3M), Recreational Boats ($7.12M), Cars ($4.48M), Electrical Transformers ($2.62M), and Flavored Water ($2.6M), importing mostly from New Zealand ($53.5M), Fiji ($15.1M), Australia ($8.14M), Italy ($6.29M), and Turkey ($5.47M).
Product Trade
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2018): Recreational Boats, $15.4M
Top Destination (2018): Japan, $14.1M
In 2018, Cook Islands exported a total of $42.3M, making it the number 198 exporter in the world. During the last five reported years the exports of Cook Islands have changed by $16.9M from $25.4M in 2013 to $42.3M in 2018.
The most recent exports are led by Recreational Boats ($15.4M), Non-fillet Frozen Fish ($15.2M), Fish Fillets ($6.25M), Gas Turbines ($1.5M), and Fruit Juice ($948k). The most common destination for the exports of Cook Islands are Japan ($14.1M), France ($13.6M), Thailand ($6.02M), China ($2.34M), and Singapore ($1.56M).
Yearly Imports
#permalink to sectionTop Import (2018): Refined Petroleum, $26.3M
Top Origin (2018): New Zealand, $53.5M
In 2018 Cook Islands imported $113M, making it the number 205 trade destination in the world. During the last five reported years the imports of Cook Islands changed by -$38.3M from $152M in 2013 to $113M in 2018.
The most recent imports of Cook Islands are led by Refined Petroleum ($26.3M), Recreational Boats ($7.12M), Cars ($4.48M), Electrical Transformers ($2.62M), and Flavored Water ($2.6M). The most common import partners for Cook Islands are New Zealand ($53.5M), Fiji ($15.1M), Australia ($8.14M), Italy ($6.29M), and Turkey ($5.47M).
Forecasts
#permalink to sectionTrade Forecasts
#permalink to sectionThis section shows forecasts for total product exports and imports for Cook Islands. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionCook Islands has a high level of specialization in Recreational Boats (417), Non-fillet Frozen Fish (253), Fish Fillets (108), Fruit Juice (25.6), and Glass Beads (15). 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 Typewriter and similar ribbons, ink pads, etc (1.16), Domestic appliances, incorporating electric motor (1.08), Central heating boilers except steam generators (0.75), Artificial waxes and prepared waxes (0.57), and Electronic sound reproducing equipment, non-recording (0.56). 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 Coconut Oil (0.039), Live Fish (0.038), Crustaceans (0.038), Animal Meal and Pellets (0.036), and Molluscs (0.036). 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.
