Flag Northern Mariana Islands

2019
Product
Exports | Imports
: $3.68M | $168M, 222 of 225 |  205 of 225

2019
Per Capita Product
Exports | Imports
: $64.4 | $2.93k, 206 of 219 |  102 of 219

Exports: The top exports of Northern Mariana Islands are Scrap Iron ($1.26M), Scrap Copper ($1.05M), Scrap Aluminium ($411k), Computers ($177k), and Laboratory Reagents ($54.9k), exporting mostly to South Korea ($2.7M), Peru ($178k), Hong Kong ($117k), Chinese Taipei ($115k), and Singapore ($110k).

Imports: The top imports of Northern Mariana Islands are Refined Petroleum ($40.9M), Trunks and Cases ($35.4M), Cars ($15.9M), Base Metal Watches ($11.7M), and Jewellery ($5.52M), importing mostly from Hong Kong ($48.8M), Japan ($48.4M), Singapore ($27.3M), South Korea ($15.8M), and Chinese Taipei ($5.72M).

Yearly Exports

#permalink to section
Value
Depth

Top Export (2019): Scrap Iron, $1.26M

Top Destination (2019): South Korea, $2.7M

In 2019, Northern Mariana Islands exported a total of $3.68M, making it the number 222 exporter in the world. During the last five reported years the exports of Northern Mariana Islands have changed by $1.23M from $2.46M in 2014 to $3.68M in 2019.

The most recent exports are led by Scrap Iron ($1.26M), Scrap Copper ($1.05M), Scrap Aluminium ($411k), Computers ($177k), and Laboratory Reagents ($54.9k). The most common destination for the exports of Northern Mariana Islands are South Korea ($2.7M), Peru ($178k), Hong Kong ($117k), Chinese Taipei ($115k), and Singapore ($110k).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Depth

Top Import (2019): Refined Petroleum, $40.9M

Top Origin (2019): Hong Kong, $48.8M

In 2019 Northern Mariana Islands imported $168M, making it the number 205 trade destination in the world. During the last five reported years the imports of Northern Mariana Islands changed by $44.2M from $124M in 2014 to $168M in 2019.

The most recent imports of Northern Mariana Islands are led by Refined Petroleum ($40.9M), Trunks and Cases ($35.4M), Cars ($15.9M), Base Metal Watches ($11.7M), and Jewellery ($5.52M). The most common import partners for Northern Mariana Islands are Hong Kong ($48.8M), Japan ($48.4M), Singapore ($27.3M), South Korea ($15.8M), and Chinese Taipei ($5.72M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Northern Mariana Islands has a high level of specialization in Scrap Copper (245), Scrap Iron (174), Scrap Aluminium (165), Peat (53.9), and Other Non-Knit Clothing Accessories (51.9). 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

#permalink to section

The highest complexity exports of Northern Mariana Islands according to the product complexity index (PCI) are Machines nes having individual functions (2.05), Instruments to check or measure electricity, radiation (1.77), Parts, accessories, except covers, for office machines (1.56), Hand tools incorporating electric motors (1.45), and Automatic data processing machines (computers) (1.13). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Northern Mariana Islands according to the relatedness index, are Collector's Items (0.05), Live Fish (0.049), Precious Metal Watches (0.048), Eyewear (0.048), and Hard Liquor (0.048). 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

#permalink to section
Filter
Depth

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.