In 2021, Cocos (Keeling) Islands exported a total of $8.54M, making it the number 217 exporter in the world. During the last five reported years the exports of Cocos (Keeling) Islands have changed by $4.13M from $4.4M in 2016 to $8.54M in 2021.
The top export opportunities for Cocos (Keeling) Islands according to the relatedness index, were Computers (0.092), Artificial Vegetation (0.086), Other Cutlery (0.085), Other toys (0.085), and Electric Motors (0.085). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cocos (Keeling) 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 a country currently specializes in.
This network shows the products most related to the production structure of Cocos (keeling) Islands. These are products that tend to be co-exported with the products that Cocos (keeling) Islands exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.