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2022
Flag → Flag
Exports $565kRnk 194 / 218
2022
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Top Product $513kNavigation Equipment
2022
Flag → Flag
Exports $23.2kRnk 22 / 52
2022
Flag → Flag
Top Product $17.7kNon-Knit Women's Suits
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
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GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$3,741CURRENT US$
Rnk 126 / 186
2012-2022
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GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Spain-Micronesia In 2022, Spain exported $565k to Micronesia. The main products that Spain exported to Micronesia are Navigation Equipment ($513k), Video Recording Equipment ($32.9k), and Metal-Clad Products ($10.5k). During the last 25 years the exports of Spain to Micronesia have increased at an annualized rate of 21.9%, from $3.97k in 1997 to $565k in 2022.

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

Micronesia-Spain In 2022, Micronesia exported $23.2k to Spain. The main products that Micronesia exported to Spain were Non-Knit Women's Suits ($17.7k), Chemical Analysis Instruments ($3.44k), and Non-Knit Women's Shirts ($1.07k). During the last 25 years the exports of Micronesia to Spain have decreased at an annualized rate of 8.52%, from $215k in 1997 to $23.2k in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €1.71k and imported €115 from Micronesia, resulting in a positive trade balance of €1.59k. Between February 2023 and February 2024 the exports of Spain have decreased by €-3.49k (-67.2%) from €5.2k to €1.71k, while imports decreased by €-258 (-69.2%) from €373 to €115.

Trade In February 2024, the top exports of Spain to Micronesia were . In February 2024 the top imports of Spain from Micronesia were Non-Knit Women's Shirts (€274), Non-Knit Women's Suits (€68.6), and Commodities not elsewhere specified (€30.4).

Origins In February 2024 the exports of Spain were mainly from Álava (€1.61k) and Guadalajara (€99.7), while imports destinations were mainly N/A.

Growth In February 2024, the decrease in Spain's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In January 2024, the decrease in Spain's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-3.49k(-67.2%)
IMPORT GROWTH (January 2023 - January 2024)€-258(-69.2%)
MAIN EXPORTER (February 2024)Álava€1.61k

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

To check Micronesia and Spain 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
Value

In 2022, Spain exported $565k to Micronesia. The main products exported from Spain to Micronesia were Navigation Equipment ($513k), Video Recording Equipment ($32.9k), and Metal-Clad Products ($10.5k). During the last 25 years the exports of Spain to Micronesia have increased at an annualized rate of 21.9%, from $3.97k in 1997 to $565k in 2022.

In 2022, Micronesia exported $23.2k to Spain. The main products exported from Micronesia to Spain were Non-Knit Women's Suits ($17.7k), Chemical Analysis Instruments ($3.44k), and Non-Knit Women's Shirts ($1.07k). During the last 24 years the exports of Micronesia to Spain have decreased at an annualized rate of 8.52%, from $215k in 1998 to $23.2k in 2022.

Exports from Spain (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Micronesia
Top DestinationThailand$143M

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

In 2021, countries that imported more from Spain than Micronesia were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2019, no countries were registered that imported more from Micronesia than from Spain.

Difference in imports from Micronesia (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Micronesia

Flow
Scale

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

During 2022, Spain had a large net trade with Micronesia in the exports of Machines ($555k), Precious Metals ($10.5k), and Footwear and Headwear ($158).

During 2022, Micronesia had a large net trade with Spain in the exports of Textiles ($19.3k), Instruments ($3.44k), and Chemical Products ($241).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over Spain.

Product Space of Spain (Flag) and Micronesia (Flag) (2022)

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