Flag Northern Mariana Islands

Product Exports (2018): $3.36M, Rank 218 of 222

Exports Per Capita (2018): $59, Rank 218 of 219

Product Imports (2018): $171M, Rank 199 of 221

Imports Per Capita (2018): $3k, Rank 184 of 219

GDP (2018): $1.32B, CURRENT US$
Rank 179 of 196

GDP growth (2008 - 2018): 40.9%, CURRENT US$
Rank 97 of 196

GDP PC (2018): $23,259, CURRENT US$
Rank 44 of 196

GDP PC GROWTH (2008 - 2018): 35.3%, CURRENT US$
Rank 71 of 196

Overview: This page contains the latest international trade data for Northern Mariana Islands. In 2018 Northern Mariana Islands was the number 179 economy in the world in terms of GDP (current US$), the number 218 in total exports, and the number 199 in total imports. In 2018, Northern Mariana Islands exported $3.36M and imported $171M, resulting in a negative trade balance of -$167M. In 2018, Northern Mariana Islands's exports per capita were $59 and its imports per capita were $3k.

Trade: The top exports of Northern Mariana Islands are Scrap Iron ($1.11M), Scrap Aluminium ($640k), Machinery Having Individual Functions ($567k), Scrap Copper ($419k), and Jewellery ($68.2k). The top imports of Northern Mariana Islands are Trunks and Cases ($36.5M), Refined Petroleum ($36M), Base Metal Watches ($15M), Cars ($12.1M), and Jewellery ($8.48M).

Destinations: Northern Mariana Islands exports mostly to South Korea ($2.12M), Netherlands ($511k), Chinese Taipei ($113k), France ($105k), and Singapore ($85.3k), and imports mostly from Hong Kong ($59.8M), Singapore ($33.9M), Japan ($31.7M), South Korea ($17.4M), and Chinese Taipei ($5.92M).

Yearly Exports

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Top Export (2018): Scrap Iron, $1.11M

Top Destination (2018): South Korea, $2.12M

In 2018 Northern Mariana Islands exported a total of $3.36M, making it the number 218 exporter in the world. During the last five reported years the exports of Northern Mariana Islands have changed by -$953k from $4.31M in 2013 to $3.36M in 2018.

The most recent exports are led by Scrap Iron ($1.11M), Scrap Aluminium ($640k), Machinery Having Individual Functions ($567k), Scrap Copper ($419k), and Jewellery ($68.2k). The most common destination for the exports of Northern Mariana Islands are South Korea ($2.12M), Netherlands ($511k), Chinese Taipei ($113k), France ($105k), and Singapore ($85.3k).

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Yearly Imports

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Top Import (2018): Trunks and Cases, $36.5M

Top Origin (2018): Hong Kong, $59.8M

In 2018 Northern Mariana Islands imported $171M, making it the number 199 trade destination in the world. During the last five reported years the imports of Northern Mariana Islands changed by $80.3M from $90.2M in 2013 to $171M in 2018.

The most recent imports of Northern Mariana Islands are led by Trunks and Cases ($36.5M), Refined Petroleum ($36M), Base Metal Watches ($15M), Cars ($12.1M), and Jewellery ($8.48M). The most common import partners for Northern Mariana Islands are Hong Kong ($59.8M), Singapore ($33.9M), Japan ($31.7M), South Korea ($17.4M), and Chinese Taipei ($5.92M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Northern Mariana Islands. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Northern Mariana Islands has a high level of specialization in Scrap Aluminium (244), Scrap Iron (146), Scrap Copper (101), Calendars (24.7), and Machinery Having Individual Functions (23.7). Specialization is measured using RCA, an index that takes the ratio between Northern Mariana Islands observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Northern Mariana Islands according to the product complexity index (PCI) are Machines nes having individual functions (2), Equipment using X-rays, alpha, beta, gamma rays (1.8), Amino-resins, pheonolic resins, polyurethanes, primary (1.23), Air, vacuum pumps, compressors, ventilating fans, etc (1.21), and Lifting, handling, loading machinery nes (1.11). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Northern Mariana Islands according to the relatedness index, are Hard Liquor (0.044), Collector's Items (0.043), Perfumes (0.043), Recreational Boats (0.043), and Imitation Jewellery (0.043). 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.

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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.