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

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China (CHN) and Micronesia (FSM) Trade

2023

→

Exports $25.8MRnk 197 / 208

2023

→

Top Product $1.74MNon-fillet Frozen Fish

2023

→

Exports $31.1MRnk 2 / 58

2023

→

Top Product $31.1MNon-fillet Frozen Fish

2023

Economic Complexity (ECI) ECI 1.16Rnk 21 / 132

2023

GDP$17.8TCURRENT US$
Rnk 2 / 195

2013-2023

GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195

2023

GDP$460MCURRENT US$
Rnk 190 / 195

2013-2023

GDP GROWTH45%CURRENT US$
Rnk 85 / 195

2023

GDP PC $12,614CURRENT US$
Rnk 80 / 195

2013-2023

GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

2023

GDP PC$4,084CURRENT US$
Rnk 130 / 196

2013-2023

GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

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 2023, China exported $25.8M to Micronesia. The main products that China exported to Micronesia were Non-fillet Frozen Fish ($1.74M), Large Construction Vehicles ($1.5M), and Pasta ($818k). Over the past 5 years the exports of China to Micronesia have increased at an annualized rate of 6.89%, from $18.5M in 2018 to $25.8M in 2023.

In 2023, China did not export any services to Micronesia.

Micronesia-China Trade: In 2023, Micronesia exported $31.1M to China. The main products that Micronesia exported to China were Non-fillet Frozen Fish ($31.1M), Trunks and Cases ($13k), and Non-Knit Women's Suits ($2.55k). Over the past 5 years the exports of Micronesia to China have increased at an annualized rate of 7.4%, from $21.8M in 2018 to $31.1M in 2023.

In 2023, Micronesia did not export any services to China.

Comparison In 2023, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, China exported $2.52M and imported $9.81M from Micronesia, resulting in a negative trade balance of $7.29M. Between December 2023 and December 2024 the exports of China have increased by $144k (6.06%) from $2.38M to $2.52M, while imports increased by $9.38M (2.17k%) from $432k to $9.81M.

Trade In December 2024, the top exports of China to Micronesia were Other Aluminium Products ($404k), Building Stone ($228k), Aluminium Bars ($142k), Other Furniture ($93k), and Air Conditioners ($73.6k). In December 2024 the top imports of China from Micronesia were Non-fillet Frozen Fish ($6.9M), Commodities not elsewhere specified ($374), and Trunks and Cases ($298).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($408k), Guangdong Province ($400k), Shandong Province ($395k), Fujian Province ($308k), and Beijing ($253k), while imports destinations were mainly Zhejiang Province ($7.93M), Shandong Province ($1.88M), Guangdong Province ($238), and Jiangsu Province ($50).

Growth In December 2024, the increase in China's year-by-year exports to Micronesia was explained primarily by an increase in product exports in Other Furniture ($88.1k or 1.78k%), Trailers and semi-trailers, not mechanically propelled... ($41.7k or 7.45k%), and Sanitary towels (pads) ($39.2k or 316%). In December 2024, the increase in China's year-by-year imports from Micronesia was explained primarily by an increase in product imports in Trunks and Cases ($17 or 6.05%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (December 2023 - December 2024)$144k(6.06%)

IMPORT GROWTH (December 2023 - December 2024)$9.38M(2.17k%)

MAIN EXPORTER (December 2024)Zhejiang Province$408k

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, China exported $25.8M to Micronesia. The main products exported from China to Micronesia were Non-fillet Frozen Fish ($1.74M), Large Construction Vehicles ($1.5M), and Pasta ($818k). During the last 5 years the exports of China to Micronesia have increased at an annualized rate of 6.89%, from $18.5M in 2018 to $25.8M in 2023.

In 2018, Micronesia exported $31.1M to China. The main products exported from Micronesia to China were Non-fillet Frozen Fish ($31.1M), Trunks and Cases ($13k), and Non-Knit Women's Suits ($2.55k). During the last 5 years the exports of Micronesia to China have increased at an annualized rate of 7.4%, from $21.8M in 2023 to $31.1M in 2018.

Exports from China () to Micronesia () (2023)

Exports from Micronesia () to China () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationUnited States$436B

Micronesia
Top DestinationThailand$121M

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.

In 2023, countries that imported more from China than Micronesia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Micronesia than from China.

Difference in imports from Micronesia () and China () (2023)

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 2023, China had a large net trade with Micronesia in the exports of Machines ($7.45M), Metals ($2.7M), and Plastics and Rubbers ($2.45M).

During 2018, Micronesia had a large net trade with China in the exports of Animal Products ($31.1M), Animal Hides ($13k), and Textiles ($3.47k).

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 () (2023)

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