Micronesia (FSM) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Micronesia-New Zealand Trade: In 2022, Micronesia exported $6.72k to New Zealand. The main products that Micronesia exported to New Zealand were Knitted Hats ($2.26k), Broadcasting Equipment ($2.26k), and Low-voltage Protection Equipment ($1.65k). Over the past 6 years the exports of Micronesia to New Zealand have increased at an annualized rate of 30.8%, from $1.34k in 2016 to $6.72k in 2022.

In 2022, Micronesia did not export any services to New Zealand.

New Zealand-Micronesia Trade: In 2022, New Zealand exported $1.74M to Micronesia. The main products that New Zealand exported to Micronesia were Sawn Wood ($615k), Plywood ($227k), and Milk ($211k). Over the past 6 years the exports of New Zealand to Micronesia have decreased at an annualized rate of 12%, from $3.31M in 2016 to $1.74M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Micronesia exported $6.72k to New Zealand. The main products exported from Micronesia to New Zealand were Knitted Hats ($2.26k), Broadcasting Equipment ($2.26k), and Low-voltage Protection Equipment ($1.65k). During the last 6 years the exports of Micronesia to New Zealand have increased at an annualized rate of 30.8%, from $1.34k in 2016 to $6.72k in 2022.

In 2017, New Zealand exported $1.74M to Micronesia. The main products exported from New Zealand to Micronesia were Sawn Wood ($615k), Plywood ($227k), and Milk ($211k). During the last 5 years the exports of New Zealand to Micronesia have decreased at an annualized rate of 12%, from $3.31M in 2022 to $1.74M in 2017.

Exports from Micronesia () to New Zealand () (2022)

Exports from New Zealand () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and New Zealand ()

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationN/AN/A

New Zealand
Top DestinationN/AN/A

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.

N/A

Difference in imports from New Zealand () and Micronesia () (2022)

Comparative Advantage Micronesia - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Micronesia had a large net trade with New Zealand in the exports of Machines ($4.06k), Footwear and Headwear ($2.26k), and Textiles ($394).

During 2017, New Zealand had a large net trade with Micronesia in the exports of Wood Products ($842k), Animal Products ($369k), and Instruments ($111k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Micronesia () to New Zealand () (2022)

Exports from New Zealand () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and New Zealand ()

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Micronesia () (2022)

Comparative Advantage Micronesia - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Micronesia () and New Zealand () (2022)

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