HS Icon Cars in  Flag Micronesia

2019
Exports | Imports
: $4.68k | $3.94M, World Rnk 0 / 0
Flag Rnk 0 / 0 | World Rnk 201 / 226
Flag Rnk 4 / 561

2021
PRODUCT COMPLEXITY IN Cars
: 0.9, Rnk 202 / 1029

Imports In 2021, Micronesia imported $3.94M in Cars, becoming the 201st largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Micronesia. Micronesia imports Cars primarily from: Japan ($3.63M), South Korea ($170k), United States ($114k), China ($21.6k), and Singapore ($8.3k).

The fastest growing import markets in Cars for Micronesia between 2020 and 2021 were Japan ($1.11M) and South Korea ($39.6k).

Tariffs In 2019, the average tariff for Micronesia in Cars was 4%. The countries with the highest import tariffs for Cars were Angola (Most Favoured Nation duty rate treatment, 4%), Burundi (Most Favoured Nation duty rate treatment, 4%), Benin (Most Favoured Nation duty rate treatment, 4%), Burkina Faso (Most Favoured Nation duty rate treatment, 4%), and Botswana (Most Favoured Nation duty rate treatment, 4%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2019): $4.68k

IMPORTS (2021): $3.94M

NET TRADE (2021): -$3.94M

In 2021, Micronesia imported $3.94M in Cars, mainly from Japan ($3.63M), South Korea ($170k), United States ($114k), China ($21.6k), and Singapore ($8.3k).

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Market Concentration

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In 2021, Micronesia's main exporting competitors in Cars were:

In 2021, Micronesia's main importing competitors in Cars were:

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