Micronesia (FSM) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Micronesia-Turkey Trade: In 2022, Micronesia exported $466 to Turkey. The main products that Micronesia exported to Turkey were Motor vehicles; parts and accessories (8701 to 8705) ($415) and Electrical Parts ($51). Over the past 9 years the exports of Micronesia to Turkey have decreased at an annualized rate of 2.12%, from $565 in 2013 to $466 in 2022.

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

Turkey-Micronesia Trade: In 2022, Turkey exported $41.5k to Micronesia. The main products that Turkey exported to Micronesia were Wheat Flours ($25k), Baked Goods ($15.2k), and Confectionery Sugar ($1.07k). Over the past 9 years the exports of Turkey to Micronesia have increased at an annualized rate of 14.3%, from $21.3k in 2013 to $41.5k in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Micronesia exported $466 to Turkey. The main products exported from Micronesia to Turkey were Motor vehicles; parts and accessories (8701 to 8705) ($415) and Electrical Parts ($51). During the last 9 years the exports of Micronesia to Turkey have decreased at an annualized rate of 2.12%, from $565 in 2013 to $466 in 2022.

In 2017, Turkey exported $41.5k to Micronesia. The main products exported from Turkey to Micronesia were Wheat Flours ($25k), Baked Goods ($15.2k), and Confectionery Sugar ($1.07k). During the last 5 years the exports of Turkey to Micronesia have increased at an annualized rate of 14.3%, from $21.3k in 2022 to $41.5k in 2017.

Exports from Micronesia () to Turkey () (2022)

Exports from Turkey () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationThailand$143M

Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Micronesia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey () and Micronesia () (2022)

Comparative Advantage Micronesia - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Micronesia had a large net trade with Turkey in the exports of Transportation ($415) and Machines ($51).

During 2017, Turkey had a large net trade with Micronesia in the exports of Vegetable Products ($25k), Foodstuffs ($16.3k), and Plastics and Rubbers ($104).

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 Turkey. This means that a dot/product with the flag of Micronesia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Micronesia.

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Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Turkey () (2022)

Exports from Turkey () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and Turkey ()

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Micronesia () (2022)

Comparative Advantage Micronesia - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Turkey () (2022)

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