Cook Islands
2020 Product Exports | Imports: $27.2M | $88M, 205 of 226 | 212 of 226
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).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
Latest Data
#permalink to sectionData 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
#permalink to sectionYearly Trade
#permalink to sectionTop 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).
Market Growth
#permalink to sectionEconomic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionCook 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.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Cook Islands according to the product complexity index (PCI) are Motor-working Tools (1.37), Vaccines, blood, antisera, toxins and cultures (1.23), Laboratory Glassware (0.99), Video and Card Games (0.78), and Other Aluminium Products (0.69). 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 (0.041), 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.
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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe 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.
