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 Fish; frozen, excluding fish fillets and other fish meat of heading 0304 ($15.6M), Yachts and other vessels; for pleasure or sports, rowing boats and canoes ($3.84M), Fish fillets and other fish meat (whether or not minced); fresh, chilled... ($3.26M), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other... ($1.77M), and Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or... ($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 Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($8.61M), Structures of iron or steel and parts thereof; plates, rods, angles, shapes,... ($2.41M), Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed,... ($2.37M), Motor cars and other motor vehicles; principally designed for the transport of... ($2.31M), and Waters, including mineral and aerated waters, containing added sugar or sweetening matter,... ($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): Fish; frozen, excluding fish fillets and other fish meat of heading..., $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 Fish; frozen, excluding fish fillets and other fish meat of heading 0304 ($15.6M), Yachts and other vessels; for pleasure or sports, rowing boats and canoes ($3.84M), Fish fillets and other fish meat (whether or not minced); fresh, chilled... ($3.26M), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other... ($1.77M), and Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or... ($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 Fish; frozen, excluding fish fillets and other fish meat of heading 0304 (417), Yachts and other vessels; for pleasure or sports, rowing boats and canoes (124), Fish fillets and other fish meat (whether or not minced); fresh, chilled or frozen (86.6), Glass beads, imitation pearls, precious or semi-precious stones and similar glass smallwares, statuettes and other ornaments of worked glass; glass microspheres not exceeding 1mm in diameter (37.4), and Bombs, grenades, torpedoes, mines, missiles and similar munitions of war and parts thereof; cartridges and other ammunition, projectiles and parts thereof, including shot and cartridge wads (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 Tools; for working in the hand, pneumatic, hydraulic or with self-contained electric or non-electric motor (1.37), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc (1.23), Laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrated (0.99), Video game consoles and machines, articles for funfair, table or parlour games, including pintables, billiards, special tables for casino games and automatic bowling alley equipment (0.78), and Aluminium; articles n.e.c. in chapter 76 (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 Fish; fresh or chilled, excluding fish fillets and other fish meat of heading 0304 (0.041), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, cooked or not before or during the smoking process; flours, meals and pellets of molluscs, fit for human consumption (0.039), T-shirts, singlets and other vests; knitted or crocheted (0.038), Track suits, swimwear and other garments (not knitted or crocheted) (0.038), and Shirts; men's or boys', knitted or crocheted (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.
