Flag Christmas Island

Overview In 2019 Christmas Island was the number 214 in total exports, the number 221 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Christmas Island are Calcium Phosphates ($7.08M), Phosphatic Fertilizers ($6.95M), Mixed Mineral or Chemical Fertilizers ($910k), Valves ($267k), and Air Pumps ($249k), exporting mostly to Malaysia ($6.17M), New Zealand ($3.68M), Indonesia ($3.55M), Australia ($1.72M), and United States ($469k).

Imports The top imports of Christmas Island are Refined Petroleum ($7.25M), Cars ($817k), Iron Structures ($525k), Planes, Helicopters, and/or Spacecraft ($472k), and Crustaceans ($449k), importing mostly from Australia ($17.2M), United States ($1.49M), Canada ($1.13M), Fiji ($749k), and New Zealand ($214k).

Location Christmas Island borders Timor-Leste, Malaysia, and Papua New Guinea by land and Indonesia by sea.

Historical Data

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Yearly Exports

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Top Export (2019): Calcium Phosphates, $7.08M

Top Destination (2019): Malaysia, $6.17M

In 2019, Christmas Island exported a total of $17.4M, making it the number 214 exporter in the world. During the last five reported years the exports of Christmas Island have changed by -$17.6M from $35M in 2014 to $17.4M in 2019.

The most recent exports are led by Calcium Phosphates ($7.08M), Phosphatic Fertilizers ($6.95M), Mixed Mineral or Chemical Fertilizers ($910k), Valves ($267k), and Air Pumps ($249k). The most common destination for the exports of Christmas Island are Malaysia ($6.17M), New Zealand ($3.68M), Indonesia ($3.55M), Australia ($1.72M), and United States ($469k).

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Yearly Imports

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Top Import (2019): Refined Petroleum, $7.25M

Top Origin (2019): Australia, $17.2M

In 2019 Christmas Island imported $21.5M, making it the number 221 trade destination in the world. During the last five reported years the imports of Christmas Island changed by -$14.5M from $35.9M in 2014 to $21.5M in 2019.

The most recent imports of Christmas Island are led by Refined Petroleum ($7.25M), Cars ($817k), Iron Structures ($525k), Planes, Helicopters, and/or Spacecraft ($472k), and Crustaceans ($449k). The most common import partners for Christmas Island are Australia ($17.2M), United States ($1.49M), Canada ($1.13M), Fiji ($749k), and New Zealand ($214k).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Economic Complexity

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Most Specialized Products by RCA Index

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Christmas Island has a high level of specialization in Phosphatic Fertilizers (3.87k), Calcium Phosphates (2.31k), Casting Machines (47.5), Mixed Mineral or Chemical Fertilizers (39.6), and Other Wood Articles (30.5). Specialization is measured using RCA, an index that takes the ratio between Christmas Island observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Christmas Island according to the product complexity index (PCI) are Taps, cocks, valves for pipes, tanks, boilers, etc (1.54), Printing and ancillary machinery (1.49), Ketones and quinones, their derivatives (1.22), Air, vacuum pumps, compressors, ventilating fans, etc (1.19), and Weighing machinery except balances sensitivity > 50 mg (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Christmas Island according to the relatedness index, are Phosphoric Acid (0.034), Coin (0.034), Electric Motors (0.033), Metal Mountings (0.033), and Other Furniture (0.033). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Christmas Island 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 it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of Christmas Island. These are products that tend to be co-exported with the products that Christmas Island 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 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.