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Pricing

2022
Flag → Flag
Exports $41.5kRnk 213 / 219
2022
Flag → Flag
Top Product $25kWheat Flours
2022
Flag → Flag
Exports $466Rnk 43 / 52
2022
Flag → Flag
Top Product $415Motor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.59Rnk 39 / 124
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Turkey-Micronesia In 2022, Turkey exported $41.5k to Micronesia. The main products that Turkey exported to Micronesia are Wheat Flours ($25k), Baked Goods ($15.2k), and Confectionery Sugar ($1.07k). During the last 19 years the exports of Turkey to Micronesia have increased at an annualized rate of 38.1%, from $90 in 2003 to $41.5k in 2022.

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

Micronesia-Turkey 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). During the last 19 years the exports of Micronesia to Turkey have decreased at an annualized rate of 1.16%, from $582 in 2003 to $466 in 2022.

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

Comparison In 2022,  Turkey ranked 39 in the Economic Complexity Index (ECI 0.59),  and 29 in total exports ($262B). 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, 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 19 years the exports of Turkey to Micronesia have increased at an annualized rate of 38.1%, from $90 in 2003 to $41.5k in 2022.

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 11 years the exports of Micronesia to Turkey have decreased at an annualized rate of 1.16%, from $582 in 2011 to $466 in 2022.

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

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

Latest Data

Trade between Turkey (Flag) and Micronesia (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Micronesia
Top DestinationThailand$143M

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

In 2021, countries that imported more from Turkey than Micronesia were Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2019, no countries were registered that imported more from Micronesia than from Turkey.

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

Comparative Advantage Turkey - Micronesia

Flow
Scale

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

During 2022, Turkey had a large net trade with Micronesia in the exports of Vegetable Products ($25k), Foodstuffs ($16.3k), and Plastics and Rubbers ($104).

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

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 Turkey has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over Turkey.

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

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