China (CHN) and Micronesia (FSM) Trade | OEC - The Observatory of Economic Complexity

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China-Micronesia In 2021, China exported $20.1M to Micronesia. The main products that China exported to Micronesia are Non-fillet Frozen Fish ($1.25M), Toilet Paper ($1.14M), and Coated Flat-Rolled Iron ($960k). During the last 26 years the exports of China to Micronesia have increased at an annualized rate of 10%, from $1.68M in 1995 to $20.1M in 2021.

In 2021, China did not export any services to Micronesia.

Micronesia-China In 2021, Micronesia exported $16.1M to China. The main products that Micronesia exported to China were Non-fillet Frozen Fish ($16.1M), Motor vehicles; parts and accessories (8701 to 8705) ($1.13k), and Integrated Circuits ($1.05k). During the last 26 years the exports of Micronesia to China have increased at an annualized rate of 36.5%, from $4.96k in 1995 to $16.1M in 2021.

In 2021, Micronesia did not export any services to China.

Comparison In 2021, China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, Micronesia ranked 187 in total exports ($179M), and does not have data regarding Economic Complexity Index.

Latest Trends

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April, 2023

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Overview In April 2023, China exported $2.05M and imported $333k from Micronesia, resulting in a positive trade balance of $1.71M. Between April 2022 and April 2023 the exports of China have decreased by $-4.09M (-66.6%) from $6.13M to $2.05M, while imports increased by $331k (21.7k%) from $1.53k to $333k.

Trade In April 2023, the top exports of China to Micronesia were Prefabricated Buildings ($312k), Toilet Paper ($220k), Plastic Housewares ($110k), Sanitary towels (pads) ($105k), and Coated Flat-Rolled Iron ($94.1k). In April 2023 the top imports of China from Micronesia were Non-fillet Frozen Fish ($71.2k), Commodities not elsewhere specified ($257), and Low-voltage Protection Equipment ($92).

Origins In April 2023 the exports of China were mainly from Zhejiang Province ($535k), Guangdong Province ($352k), Shandong Province ($325k), Fujian Province ($163k), and Jiangsu Province ($149k), while imports destinations were mainly Fujian Province ($165k), Zhejiang Province ($161k), Guangdong Province ($5.28k), Shanghai Province ($1.53k), and Liaoning Province ($258).

Growth In April 2023, the decrease in China's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In April 2023, the increase in China's year-by-year imports from Micronesia was explained primarily by an increase in product imports in .

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (April 2022 - April 2023): $-4.09M, (-66.6%)

IMPORT GROWTH (April 2022 - April 2023): $331k, (21.7k%)

MAIN EXPORTER (April 2023): Zhejiang Province, $535k

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Micronesia and China trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, China exported $20.1M to Micronesia. The main products exported from China to Micronesia were Non-fillet Frozen Fish ($1.25M), Toilet Paper ($1.14M), and Coated Flat-Rolled Iron ($960k). During the last 26 years the exports of China to Micronesia have increased at an annualized rate of 10%, from $1.68M in 1995 to $20.1M in 2021.

In 2021, Micronesia exported $16.1M to China. The main products exported from Micronesia to China were Non-fillet Frozen Fish ($16.1M), Motor vehicles; parts and accessories (8701 to 8705) ($1.13k), and Integrated Circuits ($1.05k). During the last 26 years the exports of Micronesia to China have increased at an annualized rate of 36.5%, from $4.96k in 1995 to $16.1M in 2021.

Market Competitiveness

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Color

SectionYear

China
Top Destination: United States, $530B

Micronesia
Top Destination: Thailand, $145M

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

In 2021, countries that imported more from China than Micronesia were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2019, no countries were registered that imported more from Micronesia than from China.

Comparative Advantage China - Micronesia

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Flow

Scale

Year

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

During 2021, China had a large net trade with Micronesia in the exports of Metals ($4.28M), Machines ($2.52M), and Plastics and Rubbers ($1.94M).

During 2021, Micronesia had a large net trade with China in the exports of Animal Products ($16.1M), Machines ($1.26k), and Transportation ($1.13k).

Economic Complexity

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Competitive Landscape

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Year

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 China has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over China.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage China - Micronesia

Economic Complexity

Competitive Landscape

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