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2023
Flag → Flag
Exports $11.4MRnk 126 / 211
2023
Flag → Flag
Top Product $1.16MIron Structures
2023
Flag → Flag
Exports $199kRnk 4 / 64
2023
Flag → Flag
Top Product $127kCompasses
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
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GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
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GDP PC $64,821CURRENT US$
Rnk 16 / 195
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Australia-Cocos (Keeling) Islands Trade: In 2023, Australia exported $11.4M to Cocos (Keeling) Islands. The main products that Australia exported to Cocos (Keeling) Islands were Iron Structures ($1.16M), Special purpose motor vehicles ($1.14M), and Cars ($988k). Over the past 5 years the exports of Australia to Cocos (Keeling) Islands have increased at an annualized rate of 27.9%, from $3.33M in 2018 to $11.4M in 2023.

In 2023, Australia did not export any services to Cocos (Keeling) Islands.

Cocos (Keeling) Islands-Australia Trade: In 2023, Cocos (Keeling) Islands exported $199k to Australia. The main products that Cocos (Keeling) Islands exported to Australia were Compasses ($127k), Low-voltage Protection Equipment ($22.8k), and Surveying Equipment ($18.4k). Over the past 5 years the exports of Cocos (Keeling) Islands to Australia have increased at an annualized rate of 22.2%,  from $73.2k in 2018 to $199k in 2023.

In 2023, Cocos (Keeling) Islands did not export any services to Australia.

Comparison In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28),  and 20 in total exports ($374B). That same year, Cocos (Keeling) Islands ranked 219 in total exports ($5.87M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $11.4M to Cocos (Keeling) Islands. The main products exported from Australia to Cocos (Keeling) Islands were Iron Structures ($1.16M), Special purpose motor vehicles ($1.14M), and Cars ($988k). During the last 5 years the exports of Australia to Cocos (Keeling) Islands have increased at an annualized rate of 27.9%, from $3.33M in 2018 to $11.4M in 2023.

In 2018, Cocos (Keeling) Islands exported $199k to Australia. The main products exported from Cocos (Keeling) Islands to Australia were Compasses ($127k), Low-voltage Protection Equipment ($22.8k), and Surveying Equipment ($18.4k). During the last 5 years the exports of Cocos (Keeling) Islands to Australia have increased at an annualized rate of 22.2%, from $73.2k in 2023 to $199k in 2018.

Exports from Australia (Flag) to Cocos (Keeling) Islands (Flag) (2023)

Exports from Cocos (Keeling) Islands (Flag) to Australia (Flag) (2023)

Latest Data

Trade between Australia (Flag) and Cocos (Keeling) Islands (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top DestinationChina$137B
Cocos (Keeling) Islands
Top DestinationUnited States$1.83M

This map shows whether countries import more from Australia or Cocos (Keeling) Islands. Each country is colored based on the difference in imports they receive from Australia and Cocos (Keeling) Islands or the difference in the growth in imports.

In 2023, countries that imported more from Australia than Cocos (Keeling) Islands included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, no countries were registered that imported more from Cocos (Keeling) Islands than from Australia.

Difference in imports from Cocos (Keeling) Islands (Flag) and Australia (Flag) (2023)

Comparative Advantage Australia - Cocos (Keeling) Islands

Flow
Scale

This chart compares trade between Australia and Cocos (Keeling) Islands by product, considering products traded by both, Australia and Cocos (Keeling) Islands.

During 2023, Australia had a large net trade with Cocos (Keeling) Islands in the exports of Transportation ($3.31M), Machines ($2.7M), and Metals ($1.89M).

During 2018, Cocos (Keeling) Islands had a large net trade with Australia in the exports of Instruments ($146k), Machines ($34.5k), and Animal Products ($11.1k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Cocos (Keeling) Islands. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Cocos (Keeling) Islands. Similarly, a dot/product with the flag of Cocos (Keeling) Islands indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and Cocos (Keeling) Islands (Flag) (2023)

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