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2023
Flag → Flag
Exports $21.5MRnk 3 / 58
2023
Flag → Flag
Exports $5.33MRnk 96 / 201
2023
Flag → Flag
Top Product $761kSauces and Seasonings
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $4,084CURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Micronesia-Philippines Trade: In 2023, Micronesia exported $21.5M to Philippines. The main products that Micronesia exported to Philippines were N/A. Over the past 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 16.7%, from $9.91M in 2018 to $21.5M in 2023.

In 2023, Micronesia did not export any services to Philippines.

Philippines-Micronesia Trade: In 2023, Philippines exported $5.33M to Micronesia. The main products that Philippines exported to Micronesia were Sauces and Seasonings ($761k), Baked Goods ($732k), and Cement ($388k). Over the past 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 2.18%,  from $5.95M in 2018 to $5.33M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $21.5M to Philippines. There were not main exports from Micronesia to Philippines in 2023. During the last 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 16.7%, from $9.91M in 2018 to $21.5M in 2023.

In 2018, Philippines exported $5.33M to Micronesia. The main products exported from Philippines to Micronesia were Sauces and Seasonings ($761k), Baked Goods ($732k), and Cement ($388k). During the last 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 2.18%, from $5.95M in 2023 to $5.33M in 2018.

Exports from Micronesia (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Micronesia (Flag) (2023)

Latest Data

Trade between Micronesia (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Micronesia included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

Difference in imports from Philippines (Flag) and Micronesia (Flag) (2023)

Comparative Advantage Micronesia - Philippines

Flow
Scale

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

During 2023, Micronesia had a large net trade with Philippines in the exports of Animal Products ($21M), Transportation ($498k), and Machines ($20.3k).

During 2018, Philippines had a large net trade with Micronesia in the exports of Foodstuffs ($2.63M), Mineral Products ($451k), and Plastics and Rubbers ($372k).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and Philippines (Flag) (2023)

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