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2023
Product
Exports | Imports $30.1M | $213M207 of 226 |  204 of 226

About

Overview In 2023 Cook Islands was the number 207 economy in the world in terms of total exports and the number 204 in total imports.

Exports The top exports of Cook Islands are Non-fillet Frozen Fish ($10M), Recreational Boats ($9.9M), Fish Fillets ($6.83M), Knit Women's Suits ($587k), and Crustaceans ($508k), exporting mostly to Japan ($10M), Thailand ($4.59M), Greece ($4.37M), France ($3.4M), and China ($2.43M).

Imports The top imports of Cook Islands are Recreational Boats ($58.7M), Refined Petroleum ($37.4M), Cars ($4.24M), Boat Propellers ($3.33M), and Hard Liquor ($2.92M), importing mostly from New Zealand ($93.7M), Italy ($56.1M), Fiji ($19.1M), China ($14M), and Australia ($6.91M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Cook Islands.

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)Non-fillet Frozen Fish$10M
Top Destination (2023)Japan$10M

In 2023, Cook Islands exported a total of $30.1M, making it the number 207 exporter in the world. During the last five reported years the exports of Cook Islands have changed by -$13.8M from $43.9M in 2018 to $30.1M in 2023.

The most recent exports are led by Non-fillet Frozen Fish ($10M), Recreational Boats ($9.9M), Fish Fillets ($6.83M), Knit Women's Suits ($587k), and Crustaceans ($508k). The most common destination for the exports of Cook Islands are Japan ($10M), Thailand ($4.59M), Greece ($4.37M), France ($3.4M), and China ($2.43M).

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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)
Greece$4.37M (+ 138k%)
China$1.61M (+ 196%)
Italy$1.3M (+ 147%)
Fastest Growing Import Markets (2022 - 2023)
Italy$26.4M (+ 88.9%)
New Zealand$8.46M (+ 9.93%)
China$2.71M (+ 24%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Cook Islands has a high level of specialization in Recreational Boats (456), Non-fillet Frozen Fish (288), Fish Fillets (172), Coin (45.2), and Other Inedible Animal Products (19.4). Specialization is measured using RCA, an index that takes the ratio between Cook Islands observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Cook Islands according to the product complexity index (PCI) are Cermets; articles thereof, including waste and scrap (1.48), Machine-tools; (including machines for nailing, stapling, glueing or otherwise assembling) for working... (1.4), Organo-sulphur compounds (1.08), Furnaces and ovens; industrial or laboratory, including incinerators, non-electric (0.89), and Sound recording or reproducing apparatus (0.82). 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 Cook Islands according to the relatedness index, were Non-fillet Fresh Fish (0.049), Processed Crustaceans (0.047), Hard Liquor (0.044), Non-Knit Men's Shirts (0.043), and Base Metal Watches (0.043). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cook Islands 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 Cook Islands. These are products that tend to be co-exported with the products that Cook Islands 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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