Flag Christmas Island

Product Exports (2018): $21.6M, Rank 206 of 222

Product Imports (2018): $25.6M, Rank 214 of 221

Overview: This page contains the latest international trade data for Christmas Island. In 2018 Christmas Island was the number 206 in total exports and the number 214 in total imports. In 2018, Christmas Island exported $21.6M and imported $25.6M, resulting in a negative trade balance of -$3.96M.

Trade: The top exports of Christmas Island are Calcium Phosphates ($11.3M), Phosphatic Fertilizers ($7.4M), Air Pumps ($794k), Mixed Mineral or Chemical Fertilizers ($562k), and Rolled Tobacco ($119k). The top imports of Christmas Island are Refined Petroleum ($9.89M), Cars ($969k), Iron Structures ($935k), Non-fillet Frozen Fish ($803k), and Rolled Tobacco ($568k).

Destinations: Christmas Island exports mostly to Malaysia ($9.79M), Indonesia ($4.74M), New Zealand ($3.61M), Australia ($1.29M), and Poland ($561k), and imports mostly from Australia ($21.1M), Canada ($1.56M), Fiji ($1.44M), United States ($731k), and Singapore ($529k).

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

Yearly Exports

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Top Export (2018): Calcium Phosphates, $11.3M

Top Destination (2018): Malaysia, $9.79M

In 2018 Christmas Island exported a total of $21.6M, making it the number 206 exporter in the world. During the last five reported years the exports of Christmas Island have changed by -$5.55M from $27.2M in 2013 to $21.6M in 2018.

The most recent exports are led by Calcium Phosphates ($11.3M), Phosphatic Fertilizers ($7.4M), Air Pumps ($794k), Mixed Mineral or Chemical Fertilizers ($562k), and Rolled Tobacco ($119k). The most common destination for the exports of Christmas Island are Malaysia ($9.79M), Indonesia ($4.74M), New Zealand ($3.61M), Australia ($1.29M), and Poland ($561k).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $9.89M

Top Origin (2018): Australia, $21.1M

In 2018 Christmas Island imported $25.6M, making it the number 214 trade destination in the world. During the last five reported years the imports of Christmas Island changed by -$20.1M from $45.7M in 2013 to $25.6M in 2018.

The most recent imports of Christmas Island are led by Refined Petroleum ($9.89M), Cars ($969k), Iron Structures ($935k), Non-fillet Frozen Fish ($803k), and Rolled Tobacco ($568k). The most common import partners for Christmas Island are Australia ($21.1M), Canada ($1.56M), Fiji ($1.44M), United States ($731k), and Singapore ($529k).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Christmas Island. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 (3.35k), Calcium Phosphates (2.95k), Artificial Filament Sewing Thread (72.9), Mixed Mineral or Chemical Fertilizers (19.4), and Alcohol > 80% ABV (9.19). 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 Air, vacuum pumps, compressors, ventilating fans, etc (1.21), Hydrometers, thermometers, barometers, etc (0.94), Self-propelled earth moving, road making, etc machines (0.85), Slag wool, rock wool, insulating minerals not asbestos (0.82), and Electric transformers,static converters and rectifiers (0.77). 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 Low-voltage Protection Equipment (0.02), Scrap Vessels (0.02), Electrical Resistors (0.02), Electric Motors (0.019), and Base Metal Watches (0.019). 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.

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.