2023
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GDP
$460MCURRENT US$
Rnk 190 / 195
2013-2023
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GDP GROWTH
45%CURRENT US$
Rnk 85 / 195
2023
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 GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
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GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
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GDP PC 
$4,084CURRENT US$
Rnk 130 / 195
2013-2023
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GDP PC GROWTH
39.2%CURRENT US$
Rnk 62 / 195
2023
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GDP PC
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
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GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Micronesia-New Zealand Trade: In 2023, Micronesia exported $4.46k to New Zealand. The main products that Micronesia exported to New Zealand were Knitted Hats ($3.88k), Non-Knit Women's Suits ($429), and Bi-Wheel Vehicle Parts ($109). Over the past 5 years the exports of Micronesia to New Zealand have increased at an annualized rate of 39.1%, from $857 in 2018 to $4.46k in 2023.

In 2023, Micronesia did not export any services to New Zealand.

New Zealand-Micronesia Trade: In 2023, New Zealand exported $2.53M to Micronesia. The main products that New Zealand exported to Micronesia were Utility Meters ($611k), Sawn Wood ($306k), and Milk ($296k). Over the past 5 years the exports of New Zealand to Micronesia have decreased at an annualized rate of 1.38%,  from $2.72M in 2018 to $2.53M in 2023.

In 2023, New Zealand did not export any services to Micronesia.

Comparison In 2023,  Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index. That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $4.46k to New Zealand. The main products exported from Micronesia to New Zealand were Knitted Hats ($3.88k), Non-Knit Women's Suits ($429), and Bi-Wheel Vehicle Parts ($109). During the last 5 years the exports of Micronesia to New Zealand have increased at an annualized rate of 39.1%, from $857 in 2018 to $4.46k in 2023.

In 2018, New Zealand exported $2.53M to Micronesia. The main products exported from New Zealand to Micronesia were Utility Meters ($611k), Sawn Wood ($306k), and Milk ($296k). During the last 5 years the exports of New Zealand to Micronesia have decreased at an annualized rate of 1.38%, from $2.72M in 2023 to $2.53M in 2018.

Exports from Micronesia (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Micronesia (Flag) (2023)

Latest Data

Trade between Micronesia (Flag) and New Zealand (Flag)

New Zealand Exports

Market Competitiveness

Color
Micronesia
Top Destination
Thailand$121M
New Zealand
Top Destination
China$12.3B

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

In 2023, countries that imported more from Micronesia than New Zealand included Botswana ($1.01M).

In 2023, countries that imported more from New Zealand than Micronesia included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand (Flag) and Micronesia (Flag) (2023)

Comparative Advantage Micronesia - New Zealand

Flow
Scale

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

During 2023, Micronesia had a large net trade with New Zealand in the exports of Footwear and Headwear ($3.88k), Textiles ($429), and Transportation ($109).

During 2018, New Zealand had a large net trade with Micronesia in the exports of Instruments ($633k), Machines ($455k), and Wood Products ($420k).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and New Zealand (Flag) (2023)

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