2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH
30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 74 / 186

About

United Kingdom-Micronesia In 2022, United Kingdom exported $71.2k to Micronesia. The main products that United Kingdom exported to Micronesia are Industrial Furnaces ($44k), Other Measuring Instruments ($11.2k), and Chemical Analysis Instruments ($4.39k). During the last 27 years the exports of United Kingdom to Micronesia have decreased at an annualized rate of 3.08%, from $166k in 1995 to $71.2k in 2022.

In 2022, United Kingdom did not export any services to Micronesia.

Micronesia-United Kingdom In 2022, Micronesia exported $322k to United Kingdom. The main products that Micronesia exported to United Kingdom were Integrated Circuits ($143k), Non-Knit Women's Suits ($59.2k), and Molluscs ($33.2k). During the last 27 years the exports of Micronesia to United Kingdom have increased at an annualized rate of 7.57%, from $45k in 1995 to $322k in 2022.

In 2022, Micronesia did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38),  and 14 in total exports ($469B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $71.2k to Micronesia. The main products exported from United Kingdom to Micronesia were Industrial Furnaces ($44k), Other Measuring Instruments ($11.2k), and Chemical Analysis Instruments ($4.39k). During the last 27 years the exports of United Kingdom to Micronesia have decreased at an annualized rate of 3.08%, from $166k in 1995 to $71.2k in 2022.

In 2022, Micronesia exported $322k to United Kingdom. The main products exported from Micronesia to United Kingdom were Integrated Circuits ($143k), Non-Knit Women's Suits ($59.2k), and Molluscs ($33.2k). During the last 27 years the exports of Micronesia to United Kingdom have increased at an annualized rate of 7.57%, from $45k in 1995 to $322k in 2022.

Exports from United Kingdom (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
N/AN/A
Micronesia
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from Micronesia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Micronesia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Micronesia in the exports of Machines ($51.5k), Instruments ($17k), and Metals ($2.69k).

During 2022, Micronesia had a large net trade with United Kingdom in the exports of Machines ($167k), Textiles ($89.5k), and Animal Products ($33.2k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Micronesia (Flag) (2022)

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