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Pricing

2023
Flag → Flag
Exports $1.39MRnk 6 / 58
2023
Flag → Flag
Top Product $268kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $44MRnk 178 / 220
2023
Flag → Flag
Top Product $5.62MPoultry Meat
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 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$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Micronesia-United States Trade: In 2023, Micronesia exported $1.39M to United States. The main products that Micronesia exported to United States were Motor vehicles; parts and accessories (8701 to 8705) ($268k), Live Fish ($127k), and Metal Mountings ($109k). Over the past 5 years the exports of Micronesia to United States have increased at an annualized rate of 12.2%, from $784k in 2018 to $1.39M in 2023.

In 2023, Micronesia did not export any services to United States.

United States-Micronesia Trade: In 2023, United States exported $44M to Micronesia. The main products that United States exported to Micronesia were Poultry Meat ($5.62M), Other Prepared Meat ($2.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.99M). Over the past 5 years the exports of United States to Micronesia have increased at an annualized rate of 3.15%,  from $37.7M in 2018 to $44M in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $1.39M to United States. The main products exported from Micronesia to United States were Motor vehicles; parts and accessories (8701 to 8705) ($268k), Live Fish ($127k), and Metal Mountings ($109k). During the last 5 years the exports of Micronesia to United States have increased at an annualized rate of 12.2%, from $784k in 2018 to $1.39M in 2023.

In 2018, United States exported $44M to Micronesia. The main products exported from United States to Micronesia were Poultry Meat ($5.62M), Other Prepared Meat ($2.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.99M). During the last 5 years the exports of United States to Micronesia have increased at an annualized rate of 3.15%, from $37.7M in 2023 to $44M in 2018.

Exports from Micronesia (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Micronesia (Flag) (2023)

Latest Data

Trade between Micronesia (Flag) and United States (Flag)

United States Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
United States
Top DestinationCanada$269B

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

In 2023, no countries were registered that imported more from Micronesia than from United States.

In 2023, countries that imported more from United States than Micronesia included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Micronesia (Flag) (2023)

Comparative Advantage Micronesia - United States

Flow
Scale

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

During 2023, Micronesia had a large net trade with United States in the exports of Machines ($354k), Transportation ($289k), and Animal Products ($208k).

During 2018, United States had a large net trade with Micronesia in the exports of Foodstuffs ($12.5M), Animal Products ($9.96M), and Machines ($6.04M).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and United States (Flag) (2023)

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