COCOS (KEELING) ISLANDS

Cocos (Keeling) Island ranked No. 223 in total trade value through May with a total of $751,010. Exports totaled $44,141 and Imports totaled $706,869, a deficit of $662,728.

U.S. trade with COCOS (KEELING) ISLANDS rose to $388,626 through May

COCOS (KEELING) ISLANDS’s trade with the United States rose to $388,626 through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 77.65 percent below its total trade during the same time period last year. U.S. exports to COCOS (KEELING) ISLANDS increased 90.21 percent while U.S. imports from COCOS (KEELING) ISLANDS fell 79.92 percent. The U.S. deficit with COCOS (KEELING) ISLANDS was $300,344.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Charleston; No. 3 Blaine / Surrey Border Crossing, Wash.; No. 4 Los Angeles International Airport; and No. 5 Cleveland’s Hopkins International Airport, Ohio. During the same period the previous year, the top five were No. 1 Port of Long Beach; No. 2 Port of Savannah, Ga.; No. 3 Port of Newark; No. 4 Port of Los Angeles and No. 5 Low Value. In the current time period, the top five accounted for 83.69 percent of COCOS (KEELING) ISLANDS’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport totaled $186,288.
    There were no exports. Imports totaled $186,288.
  • Trade with No. 2 Port of Charleston totaled $167,440.
    There were no exports. Imports totaled $167,440.
  • Trade with No. 3 Blaine / Surrey Border Crossing, Wash. totaled $152,505.
    There were no exports. Imports totaled $152,505.
  • Trade with No. 4 Los Angeles International Airport totaled $82,860.
    There were no exports. Imports totaled $82,860.
  • Trade with No. 5 Cleveland’s Hopkins International Airport, Ohio totaled $39,416.
    There were no exports. Imports totaled $39,416.

COCOS (KEELING) ISLANDS ranked No. 223 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 221.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to COCOS (KEELING) ISLANDS by value through May were the categories of Plates, Sheets, Profile Shapes Etc, Soft Vulc 4008; Newsprint, in rolls or sheets; Equipment, parts for exercising; and Low value shipments, respectively. They accounted for 100 percent of total exports to COCOS (KEELING) ISLANDS.

The value of the top five categories of U.S. imports from COCOS (KEELING) ISLANDS –– Printers, all types, parts; Heterocyclic chemical compounds; Returned exports, without change; Brooms, brushes, mops, feather dusters; and Medical instruments –– accounted for 91.06 percent of all inbound shipments.

Looking more closely at U.S. exports to COCOS (KEELING) ISLANDS:

  • Plates, Sheets, Profile Shapes Etc, Soft Vulc 4008 totaled $19,883. The previous year, there were no exports in this category.
  • Newsprint, in rolls or sheets totaled $11,400. The previous year, there were no exports in this category.
  • Equipment, parts for exercising totaled $10,494. The previous year, there were no exports in this category.
  • Low value shipments rose 48.96 percent compared to last year to $2,364.

Looking more closely at U.S. imports from COCOS (KEELING) ISLANDS:

  • Printers, all types, parts totaled $186,288. The previous year, there were no imports in this category.
  • Heterocyclic chemical compounds totaled $167,440. The previous year, there were no imports in this category.
  • Returned exports, without change totaled $162,377. The previous year, there were no imports in this category.
  • Brooms, brushes, mops, feather dusters totaled $82,860. The previous year, there were no imports in this category.
  • Medical instruments totaled $44,679. The previous year, there were no imports in this category.

In the latest annual figures available, COCOS (KEELING) ISLANDS recorded $2.67 million in trade with the United States. Total U.S. exports to COCOS (KEELING) ISLANDS were $ 83,233 and imports from COCOS (KEELING) ISLANDS were $2.58 million. The U.S. deficit with COCOS (KEELING) ISLANDS was $2.5 million.