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2022
Flag → Flag
Exports $8.37MRnk 3 / 52
2022
Flag → Flag
Top Product $4.56MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $14.5MRnk 161 / 211
2022
Flag → Flag
Top Product $3.42MCars
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
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 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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GDP PC $3,741CURRENT US$
Rnk 126 / 186
2012-2022
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GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186
2022
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GDP PC$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Micronesia-Japan Trade: In 2022, Micronesia exported $8.37M to Japan. The main products that Micronesia exported to Japan were Non-fillet Frozen Fish ($4.56M), Fish Fillets ($3.8M), and Aircraft Parts ($1.86k). Over the past 5 years the exports of Micronesia to Japan have increased at an annualized rate of 4.38%, from $6.75M in 2017 to $8.37M in 2022.

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

Japan-Micronesia Trade: In 2022, Japan exported $14.5M to Micronesia. The main products that Japan exported to Micronesia were Cars ($3.42M), Refrigerators ($1.97M), and Delivery Trucks ($1.7M). Over the past 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 11.4%,  from $26.5M in 2017 to $14.5M in 2022.

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

Comparison In 2022,  Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index. That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Micronesia exported $8.37M to Japan. The main products exported from Micronesia to Japan were Non-fillet Frozen Fish ($4.56M), Fish Fillets ($3.8M), and Aircraft Parts ($1.86k). During the last 5 years the exports of Micronesia to Japan have increased at an annualized rate of 4.38%, from $6.75M in 2017 to $8.37M in 2022.

In 2017, Japan exported $14.5M to Micronesia. The main products exported from Japan to Micronesia were Cars ($3.42M), Refrigerators ($1.97M), and Delivery Trucks ($1.7M). During the last 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 11.4%, from $26.5M in 2022 to $14.5M in 2017.

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

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

Latest Data

Trade between Micronesia (Flag) and Japan (Flag)

Japan Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$143M
Japan
Top DestinationUnited States$137B

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

In 2022, no countries were registered that imported more from Micronesia than from Japan.

In 2022, countries that imported more from Japan than Micronesia included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Micronesia - Japan

Flow
Scale

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

During 2022, Micronesia had a large net trade with Japan in the exports of Animal Products ($8.36M), Transportation ($1.86k), and Miscellaneous ($1.61k).

During 2017, Japan had a large net trade with Micronesia in the exports of Transportation ($5.52M), Machines ($4.66M), and Foodstuffs ($2.37M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Micronesia and Japan. This means that a dot/product with the flag of Micronesia indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Micronesia.

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

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