2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH
45%CURRENT US$
Rnk 85 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC
$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH
39.2%CURRENT US$
Rnk 62 / 195

About

Ireland-Micronesia Trade: In 2023, Ireland exported $19.8k to Micronesia. The main products that Ireland exported to Micronesia were Computers ($19.6k) and Office Machine Parts ($108). Over the past 19 years the exports of Ireland to Micronesia have increased at an annualized rate of 14.5%, from $1.51k in 2004 to $19.8k in 2023.

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

Micronesia-Ireland Trade: In 2023, Micronesia exported $63.3k to Ireland. The main products that Micronesia exported to Ireland were Non-Knit Women's Suits ($49.1k), Broadcasting Equipment ($7.38k), and Thermostats ($2.1k). Over the past 19 years the exports of Micronesia to Ireland have decreased at an annualized rate of 0.77%,  from $68.5k in 2004 to $63.3k in 2023.

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

Comparison In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31),  and 29 in total exports ($241B). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $19.8k to Micronesia. The main products exported from Ireland to Micronesia were Computers ($19.6k) and Office Machine Parts ($108). During the last 19 years the exports of Ireland to Micronesia have increased at an annualized rate of 14.5%, from $1.51k in 2004 to $19.8k in 2023.

In 2018, Micronesia exported $63.3k to Ireland. The main products exported from Micronesia to Ireland were Non-Knit Women's Suits ($49.1k), Broadcasting Equipment ($7.38k), and Thermostats ($2.1k). During the last 5 years the exports of Micronesia to Ireland have decreased at an annualized rate of 0.77%, from $68.5k in 2023 to $63.3k in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Micronesia
Top Destination
Thailand$121M

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

In 2023, countries that imported more from Ireland than Micronesia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Micronesia than Ireland included Fiji ($592k) and Samoa ($11.5k).

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

Comparative Advantage Ireland - Micronesia

Flow
Scale

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

During 2023, Ireland had a large net trade with Micronesia in the exports of Machines ($19.8k).

During 2018, Micronesia had a large net trade with Ireland in the exports of Textiles ($52k), Machines ($8.21k), and Instruments ($2.1k).

Economic Complexity

Competitive Landscape

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

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

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