Coconut rum is a somewhat misleading term that mostly refers to coconut-flavored liqueurs typically based on rum. These liqueurs can have natural or artificial coconut flavors and aromas, while the base is usually made with white or gold rum.
They typically do not have high alcohol content. Coconut-flavored rums are internationally produced, but their spiritual home remains on the Caribbean islands. Their light and aromatic character is best showcased in tropical cocktails.