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2022
Product
Exports | Imports $2.43M | $153M224 of 226 |  210 of 226
2022
Per Capita Product
Exports | Imports $49.1 | $3.1k219 of 220 |  95 of 220

About

Overview In 2022 Northern Mariana Islands was the number 224 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 Scrap Iron ($702k), Integrated Circuits ($441k), Refined Petroleum ($285k), Scrap Copper ($161k), and Molluscs ($145k), exporting mostly to South Korea ($1.16M), Thailand ($219k), Germany ($148k), Cyprus ($145k), and India ($143k).

Imports The top imports of Northern Mariana Islands are Refined Petroleum ($83.6M), Cars ($14.4M), Flavored Water ($3.93M), Jewellery ($3.77M), and Other Plastic Products ($3.03M), importing mostly from Singapore ($64.7M), Japan ($31.1M), South Korea ($24.4M), Hong Kong ($11.4M), and Chinese Taipei ($4.6M).

Latest Trends

Latest Trade

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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 (2022)Scrap Iron$702k
Top Destination (2022)South Korea$1.16M

In 2022, Northern Mariana Islands exported a total of $2.43M, making it the number 224 exporter in the world. During the last five reported years the exports of Northern Mariana Islands have changed by -$1.56M from $3.99M in 2017 to $2.43M in 2022.

The most recent exports are led by Scrap Iron ($702k), Integrated Circuits ($441k), Refined Petroleum ($285k), Scrap Copper ($161k), and Molluscs ($145k). The most common destination for the exports of Northern Mariana Islands are South Korea ($1.16M), Thailand ($219k), Germany ($148k), Cyprus ($145k), and India ($143k).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Thailand$214k (+ 4.31k%)
Germany$106k (+ 251%)
Turkey$81.7k (+ 68.1k%)
Fastest Growing Import Markets (2021 - 2022)
Singapore$58.5M (+ 939%)
Hong Kong$9.76M (+ 590%)
Japan$9.65M (+ 45%)

Total Export Growth by Market (2021 - 2022)

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 Scrap Iron (130), Pile Fabric (125), Molluscs (110), Recovered Paper (79.2), and Iron Gas Containers (57.3). 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

The highest complexity exports of Northern Mariana Islands according to the product complexity index (PCI) are Measuring or checking instruments, appliances and machines, n.e.c. or included in this... (1.61), Electronic integrated circuits (1.46), Machines and appliances for testing the hardness, strength, compressibility, elasticity of other... (1.37), Lenses, prisms, mirrors and other optical elements, of any material, mounted, being... (1.37), and Self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes, of... (1.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Northern Mariana Islands according to the relatedness index, were Platinum Clad Metals (0.047), Other Edible Animal Products (0.045), Portable Lighting (0.043), Oscilloscopes (0.043), and Surveying Equipment (0.042). 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 (2022)

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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