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2022
Flag → Flag
Exports $322kRnk 9 / 52
2022
Flag → Flag
Top Product $143kIntegrated Circuits
2022
Flag → Flag
Exports $71.2kRnk 216 / 224
2022
Flag → Flag
Top Product $44kIndustrial Furnaces
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Micronesia-United Kingdom Trade: In 2022, Micronesia exported $322k to United Kingdom. The main products that Micronesia exported to United Kingdom were Integrated Circuits ($143k), Non-Knit Women's Suits ($59.2k), and Molluscs ($33.2k). Over the past 5 years the exports of Micronesia to United Kingdom have increased at an annualized rate of 41.2%, from $57.3k in 2017 to $322k in 2022.

In 2022, Micronesia did not export any services to United Kingdom.

United Kingdom-Micronesia Trade: In 2022, United Kingdom exported $71.2k to Micronesia. The main products that United Kingdom exported to Micronesia were Industrial Furnaces ($44k), Other Measuring Instruments ($11.2k), and Chemical Analysis Instruments ($4.39k). Over the past 5 years the exports of United Kingdom to Micronesia have decreased at an annualized rate of 27.5%,  from $356k in 2017 to $71.2k in 2022.

In 2022, United Kingdom did not export any services to Micronesia.

Comparison In 2022,  Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Micronesia exported $322k to United Kingdom. The main products exported from Micronesia to United Kingdom were Integrated Circuits ($143k), Non-Knit Women's Suits ($59.2k), and Molluscs ($33.2k). During the last 5 years the exports of Micronesia to United Kingdom have increased at an annualized rate of 41.2%, from $57.3k in 2017 to $322k in 2022.

In 2017, United Kingdom exported $71.2k to Micronesia. The main products exported from United Kingdom to Micronesia were Industrial Furnaces ($44k), Other Measuring Instruments ($11.2k), and Chemical Analysis Instruments ($4.39k). During the last 5 years the exports of United Kingdom to Micronesia have decreased at an annualized rate of 27.5%, from $356k in 2022 to $71.2k in 2017.

Exports from Micronesia (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Micronesia (Flag) (2022)

Latest Data

Trade between Micronesia (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Micronesia
Top DestinationN/AN/A
United Kingdom
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from United Kingdom (Flag) and Micronesia (Flag) (2022)

Comparative Advantage Micronesia - United Kingdom

Flow
Scale

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

During 2022, Micronesia had a large net trade with United Kingdom in the exports of Machines ($167k), Textiles ($89.5k), and Animal Products ($33.2k).

During 2017, United Kingdom had a large net trade with Micronesia in the exports of Machines ($51.5k), Instruments ($17k), and Metals ($2.69k).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and United Kingdom (Flag) (2022)

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