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2023
Product
Exports | Imports $9.08M | $84.4M217 of 226 |  213 of 226

About

Overview In 2023 Christmas Island was the number 217 economy in the world in terms of total exports and the number 213 in total imports.

Exports The top exports of Christmas Island are Phosphatic Fertilizers ($3.71M), Paintings ($741k), Amine Compounds ($708k), Broadcasting Equipment ($566k), and Computers ($482k), exporting mostly to Indonesia ($2.69M), United States ($2.33M), Malaysia ($1.08M), Ireland ($695k), and United Kingdom ($674k).

Imports The top imports of Christmas Island are Planes, Helicopters, and/or Spacecraft ($47.6M), Refined Petroleum ($16.3M), Cars ($1.59M), Air Conditioners ($902k), and Large Construction Vehicles ($854k), importing mostly from United States ($48.9M), Australia ($33.9M), Malaysia ($987k), Fiji ($236k), and Singapore ($158k).

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 (2023)Phosphatic Fertilizers$3.71M
Top Destination (2023)Indonesia$2.69M

In 2023, Christmas Island exported a total of $9.08M, making it the number 217 exporter in the world. During the last five reported years the exports of Christmas Island have changed by -$13.1M from $22.1M in 2018 to $9.08M in 2023.

The most recent exports are led by Phosphatic Fertilizers ($3.71M), Paintings ($741k), Amine Compounds ($708k), Broadcasting Equipment ($566k), and Computers ($482k). The most common destination for the exports of Christmas Island are Indonesia ($2.69M), United States ($2.33M), Malaysia ($1.08M), Ireland ($695k), and United Kingdom ($674k).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
United States$1.46M (+ 167%)
Austria$71.8k (+ 76.6%)
Belgium$68.3k (+ 829%)
Fastest Growing Import Markets (2022 - 2023)
United States$47.6M (+ 3.49k%)
Fiji$105k (+ 80.4%)

Total Export Growth by Market (2022 - 2023)

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 Phosphatic Fertilizers (3.13k), Amine Compounds (164), Paintings (95), Watch Cases and Parts (20.2), and Lifting Machinery (16.2). 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 Parts & accessories suited for use only/mainly with machines of headings 8456-8465,... (1.47), Machine-tools; for working any material by removal of material, by laser or... (1.45), Lenses, prisms, mirrors and other optical elements, of any material, mounted, being... (1.38), Ball or roller bearings (1.31), and Instruments, apparatus for measuring or checking the flow, level, pressure of liquids,... (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 Non-Knit Men's Shirts (0.07), Artificial Vegetation (0.07), Base Metal Watches (0.069), Broadcasting Accessories (0.069), and Non-Knit Men's Coats (0.068). 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 (2023)

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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