Christmas Island
2021 Product Exports | Imports: $13.4M | $28.3M, 213 of 226 | 221 of 226
Overview In 2021 Christmas Island was the number 213 economy in the world in terms of total exports and the number 221 in total imports.
Exports The top exports of Christmas Island are Calcium Phosphates ($5.58M), Phosphatic Fertilizers ($1.83M), Gas and Liquid Flow Measuring Instruments ($1.37M), Electrical Transformers ($822k), and Sulfates ($428k), exporting mostly to New Zealand ($3.4M), Malaysia ($3.07M), Ireland ($1.84M), Indonesia ($1M), and United Kingdom ($859k).
Imports The top imports of Christmas Island are Refined Petroleum ($8.98M), Wine ($1.32M), Cars ($1.21M), Iron Structures ($821k), and Hard Liquor ($728k), importing mostly from Australia ($21.2M), Malaysia ($4.32M), Canada ($1.17M), United States ($710k), and Fiji ($395k).
Location Christmas Island borders Timor-Leste, Malaysia, and Papua New Guinea by land and Indonesia by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Christmas Island.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe 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.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2021): Calcium Phosphates, $5.58M
Top Destination (2021): New Zealand, $3.4M
In 2021, Christmas Island exported a total of $13.4M, making it the number 213 exporter in the world. During the last five reported years the exports of Christmas Island have changed by -$10.6M from $24M in 2016 to $13.4M in 2021.
The most recent exports are led by Calcium Phosphates ($5.58M), Phosphatic Fertilizers ($1.83M), Gas and Liquid Flow Measuring Instruments ($1.37M), Electrical Transformers ($822k), and Sulfates ($428k). The most common destination for the exports of Christmas Island are New Zealand ($3.4M), Malaysia ($3.07M), Ireland ($1.84M), Indonesia ($1M), and United Kingdom ($859k).
Market Growth
#permalink to sectionEconomic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionChristmas Island has a high level of specialization in Calcium Phosphates (2.16k), Phosphatic Fertilizers (1.03k), Sulfates (116), Gas and Liquid Flow Measuring Instruments (87), and Iron Gas Containers (31). Specialization is measured using RCA, an index that takes the ratio between Christmas Island observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Christmas Island according to the product complexity index (PCI) are Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter (1.87), Tools, interchangeable; for hand tools, whether or not power-operated, or for machine... (1.67), Air or vacuum pumps, air or other gas compressors and fans; ventilating... (1.37), Alloy steel flat-rolled products, of a width 600mm or more (1.36), and Pumps; for liquids, whether or not fitted with measuring device, liquid elevators (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Christmas Island according to the relatedness index, were Knit Men's Shirts (0.046), Non-Knit Women's Shirts (0.046), Other Cloth Articles (0.045), Non-Knit Men's Suits (0.045), and Non-Knit Women's Suits (0.045). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Christmas Island is not specialized in.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
