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2022
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Exports | Imports $15.3M | $43.6M214 of 226 |  219 of 226

About

Overview In 2022 Christmas Island was the number 214 economy in the world in terms of total exports and the number 219 in total imports.

Exports The top exports of Christmas Island are Calcium Phosphates ($5.03M), Phosphatic Fertilizers ($2.71M), Chemical Analysis Instruments ($1.65M), Electrical Transformers ($1.26M), and Gas and Liquid Flow Measuring Instruments ($854k), exporting mostly to New Zealand ($3.78M), Indonesia ($2.72M), Singapore ($1.85M), Australia ($1.3M), and Ireland ($1.24M).

Imports The top imports of Christmas Island are Refined Petroleum ($24.7M), Cars ($1.67M), Iron Structures ($797k), Air Conditioners ($630k), and Paintings ($560k), importing mostly from Australia ($40.5M), United States ($1.36M), Malaysia ($1M), Singapore ($305k), and Fiji ($131k).

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Christmas Island.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Calcium Phosphates$5.03M
Top Destination (2022)New Zealand$3.78M

In 2022, Christmas Island exported a total of $15.3M, making it the number 214 exporter in the world. During the last five reported years the exports of Christmas Island have changed by -$4.12M from $19.4M in 2017 to $15.3M in 2022.

The most recent exports are led by Calcium Phosphates ($5.03M), Phosphatic Fertilizers ($2.71M), Chemical Analysis Instruments ($1.65M), Electrical Transformers ($1.26M), and Gas and Liquid Flow Measuring Instruments ($854k). The most common destination for the exports of Christmas Island are New Zealand ($3.78M), Indonesia ($2.72M), Singapore ($1.85M), Australia ($1.3M), and Ireland ($1.24M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Indonesia$1.81M (+ 198%)
Singapore$1.75M (+ 1.72k%)
Australia$1.28M (+ 4.98k%)
Fastest Growing Import Markets (2021 - 2022)
Australia$19.3M (+ 90.8%)
United States$653k (+ 92%)
Singapore$86.1k (+ 39.3%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Christmas Island has a high level of specialization in Calcium Phosphates (1.3k), Phosphatic Fertilizers (1.07k), Gas and Liquid Flow Measuring Instruments (51.9), Chemical Analysis Instruments (46), and Instructional Models (38.1). 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

The highest complexity exports of Christmas Island according to the product complexity index (PCI) are Tools, hand; saws and blades for saws of all kinds (including slitting,... (1.72), Instruments and apparatus; for physical or chemical analysis (e.g. polarimeters, spectrometers), for... (1.68), X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension... (1.64), Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats... (1.41), and Air or vacuum pumps, air or other gas compressors and fans; ventilating... (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Christmas Island according to the relatedness index, were Knitted Hats (0.063), Awnings, Tents, and Sails (0.061), Video Displays (0.061), Liquid Pumps (0.06), and Other toys (0.06). 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.

Product Space

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 a country currently specializes in.

Relatedness Space

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.

Relatedness Space (2022)

Diversification Frontier

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Depth

The 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.

Diversification Frontier

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