Flag Pitcairn Islands

Product Exports (2018): $1.67M, Rank 221 of 222

Product Imports (2018): $2.19M, Rank 221 of 221

Overview: This page contains the latest international trade data for Pitcairn Islands. In 2018 Pitcairn Islands was the number 221 in total exports and the number 221 in total imports. In 2018, Pitcairn Islands exported $1.67M and imported $2.19M, resulting in a negative trade balance of -$519k.

Trade: The top exports of Pitcairn Islands are Computers ($530k), Paintings ($250k), Coffee ($90k), Sports Equipment ($82.7k), and Cocoa Beans ($63.9k). The top imports of Pitcairn Islands are Cars ($264k), Refined Petroleum ($244k), Cranes ($175k), Chocolate ($157k), and Prefabricated Buildings ($151k).

Destinations: Pitcairn Islands exports mostly to Mexico ($553k), Poland ($251k), Australia ($98.1k), France ($96.1k), and Slovakia ($93.9k), and imports mostly from New Zealand ($600k), United Kingdom ($533k), Italy ($318k), Brazil ($244k), and Australia ($177k).

Yearly Exports

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Top Export (2018): Computers, $530k

Top Destination (2018): Mexico, $553k

In 2018 Pitcairn Islands exported a total of $1.67M, making it the number 221 exporter in the world. During the last five reported years the exports of Pitcairn Islands have changed by $202k from $1.47M in 2013 to $1.67M in 2018.

The most recent exports are led by Computers ($530k), Paintings ($250k), Coffee ($90k), Sports Equipment ($82.7k), and Cocoa Beans ($63.9k). The most common destination for the exports of Pitcairn Islands are Mexico ($553k), Poland ($251k), Australia ($98.1k), France ($96.1k), and Slovakia ($93.9k).

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Yearly Imports

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Top Import (2018): Cars, $264k

Top Origin (2018): New Zealand, $600k

In 2018 Pitcairn Islands imported $2.19M, making it the number 221 trade destination in the world. During the last five reported years the imports of Pitcairn Islands changed by -$1.28M from $3.47M in 2013 to $2.19M in 2018.

The most recent imports of Pitcairn Islands are led by Cars ($264k), Refined Petroleum ($244k), Cranes ($175k), Chocolate ($157k), and Prefabricated Buildings ($151k). The most common import partners for Pitcairn Islands are New Zealand ($600k), United Kingdom ($533k), Italy ($318k), Brazil ($244k), and Australia ($177k).

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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 Pitcairn Islands. 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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Pitcairn Islands has a high level of specialization in Gravel and Crushed Stone (207), Scissors (179), Paintings (173), Cocoa Beans (76.4), and Non-Retail Synthetic Staple Fibers Yarn (58.9). Specialization is measured using RCA, an index that takes the ratio between Pitcairn Islands observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Pitcairn Islands according to the product complexity index (PCI) are Gaskets and similar joints of metal sheet (1.86), Electric solder, weld, braze,hot metal spray equipment (1.83), Parts and accessories for machine tools (1.52), Chain and parts thereof, of iron or steel (1.18), and Parts, accessories, except covers, for office machines (1.14). 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 Pitcairn Islands according to the relatedness index, are Rubber (0.053), Microphones and Headphones (0.052), Fake Hair (0.052), Wood Kitchenware (0.051), and Non-Knit Men's Shirts (0.051). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Pitcairn Islands 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.