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Pricing

2022
Flag → Flag
Exports $46.9kRnk 11 / 64
2022
Flag → Flag
Top Product $13.3kMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $7.8MRnk 130 / 213
2022
Flag → Flag
Top Product $673kCars
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Cocos (Keeling) Islands-Australia Trade: In 2022, Cocos (Keeling) Islands exported $46.9k to Australia. The main products that Cocos (Keeling) Islands exported to Australia were Motor vehicles; parts and accessories (8701 to 8705) ($13.3k), Electric Heaters ($5.72k), and Vaccines, blood, antisera, toxins and cultures ($4.9k). Over the past 5 years the exports of Cocos (Keeling) Islands to Australia have decreased at an annualized rate of 13.4%, from $96.3k in 2017 to $46.9k in 2022.

In 2022, Cocos (Keeling) Islands did not export any services to Australia.

Australia-Cocos (Keeling) Islands Trade: In 2022, Australia exported $7.8M to Cocos (Keeling) Islands. The main products that Australia exported to Cocos (Keeling) Islands were Cars ($673k), Recreational Boats ($593k), and Large Construction Vehicles ($358k). Over the past 5 years the exports of Australia to Cocos (Keeling) Islands have increased at an annualized rate of 5.65%,  from $4.76M in 2017 to $7.8M in 2022.

In 2022, Australia did not export any services to Cocos (Keeling) Islands.

Comparison In 2022,  Cocos (Keeling) Islands ranked 223 in total exports ($3.05M), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cocos (Keeling) Islands exported $46.9k to Australia. The main products exported from Cocos (Keeling) Islands to Australia were Motor vehicles; parts and accessories (8701 to 8705) ($13.3k), Electric Heaters ($5.72k), and Vaccines, blood, antisera, toxins and cultures ($4.9k). During the last 5 years the exports of Cocos (Keeling) Islands to Australia have decreased at an annualized rate of 13.4%, from $96.3k in 2017 to $46.9k in 2022.

In 2017, Australia exported $7.8M to Cocos (Keeling) Islands. The main products exported from Australia to Cocos (Keeling) Islands were Cars ($673k), Recreational Boats ($593k), and Large Construction Vehicles ($358k). During the last 5 years the exports of Australia to Cocos (Keeling) Islands have increased at an annualized rate of 5.65%, from $4.76M in 2022 to $7.8M in 2017.

Exports from Cocos (Keeling) Islands (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Cocos (Keeling) Islands (Flag) (2022)

Latest Data

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

Australia Exports

Market Competitiveness

Color
Cocos (Keeling) Islands
Top DestinationN/AN/A
Australia
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Australia (Flag) and Cocos (Keeling) Islands (Flag) (2022)

Comparative Advantage Cocos (Keeling) Islands - Australia

Flow
Scale

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

During 2022, Cocos (Keeling) Islands had a large net trade with Australia in the exports of Machines ($20.7k), Transportation ($13.3k), and Chemical Products ($4.9k).

During 2017, Australia had a large net trade with Cocos (Keeling) Islands in the exports of Machines ($2.26M), Transportation ($1.72M), and Instruments ($672k).

Economic Complexity

Competitive Landscape

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

Product Space of Cocos (Keeling) Islands (Flag) and Australia (Flag) (2022)

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