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2023
Product
Exports | Imports $1.33M | $139M225 of 226 |  210 of 226
2023
Per Capita Product
Exports | Imports $29.4 | $3.07k219 of 220 |  113 of 220

About

Overview In 2023 Northern Mariana Islands was the number 225 economy in the world in terms of total exports and the number 210 in total imports.

Exports The top exports of Northern Mariana Islands are Insulated Wire ($284k), Electric Batteries ($132k), Scrap Aluminium ($122k), Integrated Circuits ($109k), and Trunks and Cases ($108k), exporting mostly to Sweden ($283k), Singapore ($271k), Hong Kong ($159k), United Kingdom ($100k), and India ($92.8k).

Imports The top imports of Northern Mariana Islands are Refined Petroleum ($90.4M), Cars ($9.05M), Jewellery ($3.78M), Trunks and Cases ($2.85M), and Flavored Water ($2.58M), importing mostly from Singapore ($87.9M), Japan ($17.1M), Hong Kong ($11.6M), Chinese Taipei ($5M), and Philippines ($4.48M).

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Northern Mariana Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Insulated Wire$284k
Top Destination (2023)Sweden$283k

In 2023, Northern Mariana Islands exported a total of $1.33M, making it the number 225 exporter in the world. During the last five reported years the exports of Northern Mariana Islands have changed by -$2.31M from $3.64M in 2018 to $1.33M in 2023.

The most recent exports are led by Insulated Wire ($284k), Electric Batteries ($132k), Scrap Aluminium ($122k), Integrated Circuits ($109k), and Trunks and Cases ($108k). The most common destination for the exports of Northern Mariana Islands are Sweden ($283k), Singapore ($271k), Hong Kong ($159k), United Kingdom ($100k), and India ($92.8k).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Sweden$281k (+ 11.4k%)
Hong Kong$138k (+ 668%)
Singapore$130k (+ 91.7%)
Fastest Growing Import Markets (2022 - 2023)
Singapore$23.2M (+ 35.9%)
United Arab Emirates$958k (+ 382%)
Philippines$638k (+ 16.6%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Northern Mariana Islands has a high level of specialization in Steam Turbines (118), Scrap Aluminium (99.5), Melons (62.6), Pulley Systems (51.9), and Knitted Hats (31.1). Specialization is measured using RCA, an index that takes the ratio between Northern Mariana Islands observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Northern Mariana Islands according to the relatedness index, were Rubber Footwear (0.066), Non-Knit Men's Shirts (0.066), Precious Metal Watches (0.065), Knit Sweaters (0.064), and Non-Knit Women's Shirts (0.063). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Northern Mariana Islands is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Northern Mariana Islands. These are products that tend to be co-exported with the products that Northern Mariana Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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