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Exports In 2023, Micronesia exported $125k in Plastics and Rubbers, making it the 210th largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 10th most exported product in Micronesia. The main destination of Plastics and Rubbers exports from Micronesia are: United States ($57.1k), United Kingdom ($28.4k), Saudi Arabia ($23.7k), Serbia ($12k), and Australia ($2.5k).

The fastest growing export markets for Plastics and Rubbers of Micronesia between 2022 and 2023 were Saudi Arabia ($23.7k), Serbia ($12k), and United Kingdom ($3.56k).

Imports In 2023, Micronesia imported $6.66M in Plastics and Rubbers, becoming the 203rd largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 6th most imported product in Micronesia. Micronesia imports Plastics and Rubbers primarily from: China ($2.45M), Singapore ($1.38M), United States ($715k), Chinese Taipei ($652k), and Philippines ($372k).

The fastest growing import markets in Plastics and Rubbers for Micronesia between 2022 and 2023 were Australia ($161k), United Arab Emirates ($158k), and Netherlands ($76.1k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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 Plastics and Rubbers. 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

Trade Balance

Color
EXPORTS (2023)$125k
IMPORTS (2023)$6.66M
NET TRADE (2023)-$6.53M

In 2023, Micronesia exported $125k in Plastics and Rubbers. The main destinations of Micronesia exports on Plastics and Rubbers were United States ($57.1k), United Kingdom ($28.4k), Saudi Arabia ($23.7k), Serbia ($12k), and Australia ($2.5k).

In 2023, Micronesia imported $6.66M in Plastics and Rubbers, mainly from China ($2.45M), Singapore ($1.38M), United States ($715k), Chinese Taipei ($652k), and Philippines ($372k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR Micronesia WERE (2022 - 2023):
Saudi Arabia$23.7k (1%)
Serbia$12k (1%)
United Kingdom$3.56k (14.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY Micronesia WERE (2022 - 2023):
Poland-$52.7k (-100%)
United States-$49.5k (-46.4%)
Indonesia-$2.35k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Micronesia's main exporting competitors in Plastics and Rubbers were:
In 2023, Micronesia's main importing competitors in Plastics and Rubbers were:

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

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N/A
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Plastics and Rubbers’s highest export potential is N/A. With an export gap of N/A.   Plastics and Rubbers’s highest import potential is N/A with an import gap of N/A.

See methodology.

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