China (CHN) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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China (CHN) and Micronesia (FSM) Trade

2022

→

Exports $30.4MRnk 196 / 211

2022

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Top Product $6.24MPassenger and Cargo Ships

2022

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Exports $77.4kRnk 15 / 52

2022

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Top Product $66.4kNon-fillet Frozen Fish

2022

Economic Complexity (ECI) ECI 1.12Rnk 22 / 133

2022

GDP$18TCURRENT US$
Rnk 2 / 186

2012-2022

GDP GROWTH111%CURRENT US$
Rnk 11 / 186

2022

GDP$427MCURRENT US$
Rnk 182 / 186

2012-2022

GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186

2022

GDP PC $12,720CURRENT US$
Rnk 67 / 186

2012-2022

GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

2022

GDP PC$3,741CURRENT US$
Rnk 126 / 186

2012-2022

GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

Image 1

Image by Joe Hart
Link: https://flic.kr/p/ngYpRr

Image 2

Image by Department of Foreign Affairs and Trade
Link: https://flic.kr/p/jW3ux2

Latest Trends
Historical Data
Economic Complexity

About

China-Micronesia Trade: In 2022, China exported $30.4M to Micronesia. The main products that China exported to Micronesia were Passenger and Cargo Ships ($6.24M), Prefabricated Buildings ($1.32M), and Plastic Housewares ($1.15M). Over the past 5 years the exports of China to Micronesia have increased at an annualized rate of 2.96%, from $26.3M in 2017 to $30.4M in 2022.

In 2022, China did not export any services to Micronesia.

Micronesia-China Trade: In 2022, Micronesia exported $77.4k to China. The main products that Micronesia exported to China were Non-fillet Frozen Fish ($66.4k), Trunks and Cases ($5.62k), and Non-Knit Women's Suits ($4.08k). Over the past 5 years the exports of Micronesia to China have decreased at an annualized rate of 62.9%, from $11M in 2017 to $77.4k in 2022.

In 2022, Micronesia did not export any services to China.

Comparison In 2022, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, China exported $2.62M and imported $7.19M from Micronesia, resulting in a negative trade balance of $4.57M. Between August 2023 and August 2024 the exports of China have increased by $929k (54.9%) from $1.69M to $2.62M, while imports increased by $6.12M (574%) from $1.07M to $7.19M.

Trade In August 2024, the top exports of China to Micronesia were Refrigerators ($273k), Other Plastic Sheetings ($222k), Other Iron Products ($142k), Particle Board ($120k), and Other Plastic Products ($117k). In August 2024 the top imports of China from Micronesia were Commodities not elsewhere specified ($511), Trunks and Cases ($281), and Non-Knit Women's Suits ($192).

Origins In August 2024 the exports of China were mainly from Zhejiang Province ($658k), Guangdong Province ($636k), Fujian Province ($488k), Shandong Province ($223k), and Hubei Province ($172k), while imports destinations were mainly Shandong Province ($7.18M) and Guangdong Province ($4k).

Growth In August 2024, the increase in China's year-by-year exports to Micronesia was explained primarily by an increase in product exports in Refrigerators ($230k or 536%), Other Plastic Sheetings ($208k or 1.43k%), and Other Plastic Products ($108k or 1.25k%). In August 2024, the increase in China's year-by-year imports from Micronesia was explained primarily by an increase in product imports in Commodities not elsewhere specified ($254 or 98.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$929k(54.9%)

IMPORT GROWTH (August 2023 - August 2024)$6.12M(574%)

MAIN EXPORTER (August 2024)Zhejiang Province$658k

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Micronesia and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, China exported $30.4M to Micronesia. The main products exported from China to Micronesia were Passenger and Cargo Ships ($6.24M), Prefabricated Buildings ($1.32M), and Plastic Housewares ($1.15M). During the last 5 years the exports of China to Micronesia have increased at an annualized rate of 2.96%, from $26.3M in 2017 to $30.4M in 2022.

In 2017, Micronesia exported $77.4k to China. The main products exported from Micronesia to China were Non-fillet Frozen Fish ($66.4k), Trunks and Cases ($5.62k), and Non-Knit Women's Suits ($4.08k). During the last 5 years the exports of Micronesia to China have decreased at an annualized rate of 62.9%, from $11M in 2022 to $77.4k in 2017.

Exports from China () to Micronesia () (2022)

Exports from Micronesia () to China () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationN/AN/A

Micronesia
Top DestinationN/AN/A

This map shows whether countries import more from China or Micronesia. Each country is colored based on the difference in imports they receive from China and Micronesia or the difference in the growth in imports.

N/A

Difference in imports from Micronesia () and China () (2022)

Comparative Advantage China - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between China and Micronesia by product, considering products traded by both, China and Micronesia.

During 2022, China had a large net trade with Micronesia in the exports of Transportation ($8.49M), Machines ($4.18M), and Miscellaneous ($3.36M).

During 2017, Micronesia had a large net trade with China in the exports of Animal Products ($66.4k), Animal Hides ($5.62k), and Textiles ($4.08k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of China and Micronesia. This means that a dot/product with the flag of China indicates it has a comparative advantage over Micronesia. Similarly, a dot/product with the flag of Micronesia indicates it has a comparative advantage over China.

Product Space of China () and Micronesia () (2022)

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