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2023
Flag → Flag
Exports $148kRnk 12 / 58
2023
Flag → Flag
Top Product $104kSpark-Ignition Engines
2023
Flag → Flag
Exports $5.09MRnk 152 / 211
2023
Flag → Flag
Top Product $1.55MOther Prepared Meat
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $4,084CURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Micronesia-Australia Trade: In 2023, Micronesia exported $148k to Australia. The main products that Micronesia exported to Australia were Spark-Ignition Engines ($104k), Broadcasting Equipment ($34.2k), and Low-voltage Protection Equipment ($3.15k). Over the past 5 years the exports of Micronesia to Australia have increased at an annualized rate of 79.8%, from $7.87k in 2018 to $148k in 2023.

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

Australia-Micronesia Trade: In 2023, Australia exported $5.09M to Micronesia. The main products that Australia exported to Micronesia were Other Prepared Meat ($1.55M), Wheat Flours ($444k), and Pesticides ($424k). Over the past 5 years the exports of Australia to Micronesia have increased at an annualized rate of 1.98%,  from $4.61M in 2018 to $5.09M in 2023.

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

Comparison In 2023,  Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $148k to Australia. The main products exported from Micronesia to Australia were Spark-Ignition Engines ($104k), Broadcasting Equipment ($34.2k), and Low-voltage Protection Equipment ($3.15k). During the last 5 years the exports of Micronesia to Australia have increased at an annualized rate of 79.8%, from $7.87k in 2018 to $148k in 2023.

In 2018, Australia exported $5.09M to Micronesia. The main products exported from Australia to Micronesia were Other Prepared Meat ($1.55M), Wheat Flours ($444k), and Pesticides ($424k). During the last 5 years the exports of Australia to Micronesia have increased at an annualized rate of 1.98%, from $4.61M in 2023 to $5.09M in 2018.

Exports from Micronesia (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Micronesia (Flag) (2023)

Latest Data

Trade between Micronesia (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Micronesia included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Micronesia (Flag) (2023)

Comparative Advantage Micronesia - Australia

Flow
Scale

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

During 2023, Micronesia had a large net trade with Australia in the exports of Machines ($145k), Plastics and Rubbers ($2.5k), and Textiles ($727).

During 2018, Australia had a large net trade with Micronesia in the exports of Foodstuffs ($2.03M), Machines ($1.41M), and Chemical Products ($574k).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and Australia (Flag) (2023)

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