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2021
Product
Exports | Imports $3.16M | $65.9M224 of 226 |  214 of 226
2021
Per Capita Product
Exports | Imports $63.9 | $1.33k219 of 220 |  141 of 220

About

Overview In 2021 Northern Mariana Islands was the number 224 economy in the world in terms of total exports and the number 214 in total imports.

Exports The top exports of Northern Mariana Islands are Scrap Iron ($1.17M), Refined Petroleum ($782k), Scrap Copper ($221k), Other Engines ($201k), and Integrated Circuits ($124k), exporting mostly to South Korea ($1.11M), Iceland ($772k), Chinese Taipei ($400k), Singapore ($247k), and Pakistan ($98.6k).

Imports The top imports of Northern Mariana Islands are Refined Petroleum ($11.8M), Cars ($10.5M), Flavored Water ($3.62M), Milk ($2.48M), and Other Prepared Meat ($2.24M), importing mostly from Japan ($21.5M), South Korea ($15.8M), Singapore ($6.23M), New Zealand ($5.04M), and Chinese Taipei ($4.95M).

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.

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

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Latest Data

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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 (2021)Scrap Iron$1.17M
Top Destination (2021)South Korea$1.11M

In 2021, Northern Mariana Islands exported a total of $3.16M, making it the number 224 exporter in the world. During the last five reported years the exports of Northern Mariana Islands have changed by -$854k from $4.02M in 2016 to $3.16M in 2021.

The most recent exports are led by Scrap Iron ($1.17M), Refined Petroleum ($782k), Scrap Copper ($221k), Other Engines ($201k), and Integrated Circuits ($124k). The most common destination for the exports of Northern Mariana Islands are South Korea ($1.11M), Iceland ($772k), Chinese Taipei ($400k), Singapore ($247k), and Pakistan ($98.6k).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Chinese Taipei$357k (+ 830%)
Singapore$97.5k (+ 65.3%)
United Kingdom$57.1k (+ 816%)
Fastest Growing Import Markets (2020 - 2021)
Japan$4.67M (+ 27.8%)
New Zealand$1.81M (+ 56%)
Chinese Taipei$877k (+ 21.6%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

Northern Mariana Islands has a high level of specialization in Scrap Iron (138), Sunflower Seeds (102), Other Metals (69.5), Other Engines (52.2), and Dried Legumes (48.8). 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 Tools, interchangeable; for hand tools, whether or not power-operated, or for machine... (1.67), Parts & accessories suited for use only/mainly with machines of headings 8456-8465,... (1.61), Electronic integrated circuits (1.45), Machine-tools; for working stone, ceramics, concrete, asbestos-cement or like mineral materials or... (1.2), and Furnace burners for liquid fuel, for pulverised solid fuel or for gas;... (1.15). 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 Hard Liquor (0.044), Non-fillet Frozen Fish (0.042), Paintings (0.041), Scrap Lead (0.04), and Glass Scraps (0.04). 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.

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.

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