2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH
30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 74 / 186

About

Australia-Micronesia In 2022, Australia exported $3.1M to Micronesia. The main products that Australia exported to Micronesia are Other Prepared Meat ($1.06M), Wheat Flours ($386k), and Animal Food ($322k). During the last 27 years the exports of Australia to Micronesia have decreased at an annualized rate of 2.16%, from $5.59M in 1995 to $3.1M in 2022.

In 2022, Australia did not export any services to Micronesia.

Micronesia-Australia In 2022, Micronesia exported $89.7k to Australia. The main products that Micronesia exported to Australia were Broadcasting Equipment ($36.2k), Other Women's Undergarments ($32.1k), and Electrical Power Accessories ($4.44k). During the last 27 years the exports of Micronesia to Australia have increased at an annualized rate of 10.4%, from $6.17k in 1995 to $89.7k in 2022.

In 2022, Micronesia did not export any services to Australia.

Comparison In 2022,  Australia ranked 77 in the Economic Complexity Index (ECI -0.35),  and 16 in total exports ($424B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $3.1M to Micronesia. The main products exported from Australia to Micronesia were Other Prepared Meat ($1.06M), Wheat Flours ($386k), and Animal Food ($322k). During the last 27 years the exports of Australia to Micronesia have decreased at an annualized rate of 2.16%, from $5.59M in 1995 to $3.1M in 2022.

In 2022, Micronesia exported $89.7k to Australia. The main products exported from Micronesia to Australia were Broadcasting Equipment ($36.2k), Other Women's Undergarments ($32.1k), and Electrical Power Accessories ($4.44k). During the last 27 years the exports of Micronesia to Australia have increased at an annualized rate of 10.4%, from $6.17k in 1995 to $89.7k in 2022.

Exports from Australia (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Micronesia (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top Destination
N/AN/A
Micronesia
Top Destination
N/AN/A

This map shows whether countries import more from Australia or Micronesia. Each country is colored based on the difference in imports they receive from Australia and Micronesia or the difference in the growth in imports.

N/A

N/A

Difference in imports from Micronesia (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Micronesia

Flow
Scale

This chart compares trade between Australia and Micronesia by product, considering products traded by both, Australia and Micronesia.

During 2022, Australia had a large net trade with Micronesia in the exports of Foodstuffs ($1.66M), Vegetable Products ($386k), and Chemical Products ($258k).

During 2022, Micronesia had a large net trade with Australia in the exports of Machines ($45.1k), Textiles ($39.9k), and Animal Hides ($2.8k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over Australia.

Product Space of Australia (Flag) and Micronesia (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with