Flag New Zealand / Micronesia Flag

Exports FlagFlag  (2018): $2.66M, Rnk 142 / 206

Top Product FlagFlag (2018): $913k, Refined Petroleum

Exports FlagFlag (2013): $291k, Rnk 10 / 38

Top Product FlagFlag (2013): $291k, Uncoated Paper

Economic Complexity of Flag (2018): ECI 0.46, Rnk 49 / 137

GDP Flag (2018): $205B, CURRENT US$
Rnk 51 / 196

GDP GROWTH Flag (2008-2018): 53.8%, CURRENT US$
Rnk 77 / 196

GDP Flag (2018): $402M, CURRENT US$
Rnk 191 / 196

GDP GROWTH Flag (2008-2018): 52.7%, CURRENT US$
Rnk 78 / 196

GDP PC Flag (2018): $41,945, CURRENT US$
Rnk 24 / 196

GDP PC GROWTH Flag (2008-2018): 34.1%, CURRENT US$
Rnk 74 / 196

GDP PC Flag (2018): $3,568, CURRENT US$
Rnk 128 / 196

GDP PC GROWTH Flag (2008-2018): 40.4%, CURRENT US$
Rnk 60 / 196

New Zealand-Micronesia: In 2018, New Zealand exported $2.66M to Micronesia. The main products exported from New Zealand to Micronesia were Refined Petroleum ($913k), Sawn Wood ($422k), and Utility Meters ($232k). During the last 23 years the exports of New Zealand to Micronesia have increased at an annualized rate of 8.68%, from $393k in 1995 to $2.66M in 2018.

Micronesia-New Zealand: In 2013, Micronesia exported $291k to New Zealand. The main products exported from Micronesia to New Zealand were Uncoated Paper ($291k). During the last 18 years the exports of Micronesia to New Zealand have increased at an annualized rate of 25.5%, from $1.57k in 1995 to $291k in 2013.

Comparison: In 2018, New Zealand ranked 49 in the Economic Complexity Index (ECI 0.46), and 58 in total exports ($40.1B). That same year, Micronesia ranked 185 in total exports ($129M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, New Zealand was ranked 24 with a GDP Per Capita of $41,945, and Micronesia was ranked 128 with a GDP Per Capita of $3,568.

Bilateral Trade by Products

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Depth
Value

In 2018, New Zealand exported $2.66M to Micronesia. The main products exported from New Zealand to Micronesia were Refined Petroleum ($913k), Sawn Wood ($422k), and Utility Meters ($232k). During the last 23 years the exports of New Zealand to Micronesia have increased at an annualized rate of 8.68%, from $393k in 1995 to $2.66M in 2018.

In 2013, Micronesia exported $291k to New Zealand. The main products exported from Micronesia to New Zealand were Uncoated Paper ($291k). During the last 18 years the exports of Micronesia to New Zealand have increased at an annualized rate of 25.5%, from $1.57k in 1995 to $291k in 2013.

Market Competitiveness

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Measure

New Zealand
Top Destination
: China, $9.75B

Micronesia
Top Destination
: Thailand, $68.6M

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

In 2018, countries that imported more from New Zealand than Micronesia were China ($9.75B), Australia ($6.17B), and United States ($3.82B).

In 2018, no countries were registered that imported more from Micronesia than from New Zealand.

Comparative Advantage New Zealand - Micronesia

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Depth

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

During 2018, New Zealand had a large net trade with Micronesia in the exports of Mineral Products ($990k), Wood Products ($641k), and Foodstuffs ($282k).

During 2013, Micronesia had a large net trade with New Zealand in the exports of Paper Goods ($291k).

Trade Forecasts

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This section shows a forecast for total trade between New Zealand and Micronesia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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