Micronesia (FSM) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Micronesia-Hong Kong Trade: In 2022, Micronesia exported $8.96k to Hong Kong. The main products that Micronesia exported to Hong Kong were Broadcasting Equipment ($5.98k) and Electrical Transformers ($2.99k). Over the past 5 years the exports of Micronesia to Hong Kong have decreased at an annualized rate of 34%, from $71.8k in 2017 to $8.96k in 2022.

In 2022, Micronesia did not export any services to Hong Kong.

Hong Kong-Micronesia Trade: In 2022, Hong Kong exported $3.72M to Micronesia. The main products that Hong Kong exported to Micronesia were Broadcasting Equipment ($1.4M), Navigation Equipment ($438k), and Office Machine Parts ($417k). Over the past 5 years the exports of Hong Kong to Micronesia have increased at an annualized rate of 1.55%, from $3.34M in 2017 to $3.72M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Micronesia exported $8.96k to Hong Kong. The main products exported from Micronesia to Hong Kong were Broadcasting Equipment ($5.98k) and Electrical Transformers ($2.99k). During the last 5 years the exports of Micronesia to Hong Kong have decreased at an annualized rate of 34%, from $71.8k in 2017 to $8.96k in 2022.

In 2017, Hong Kong exported $3.72M to Micronesia. The main products exported from Hong Kong to Micronesia were Broadcasting Equipment ($1.4M), Navigation Equipment ($438k), and Office Machine Parts ($417k). During the last 5 years the exports of Hong Kong to Micronesia have increased at an annualized rate of 1.55%, from $3.34M in 2022 to $3.72M in 2017.

Exports from Micronesia () to Hong Kong () (2022)

Exports from Hong Kong () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and Hong Kong ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationThailand$143M

Hong Kong
Top DestinationChina$23.4B

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

In 2022, no countries were registered that imported more from Micronesia than from Hong Kong.

In 2022, countries that imported more from Hong Kong than Micronesia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong () and Micronesia () (2022)

Comparative Advantage Micronesia - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Micronesia had a large net trade with Hong Kong in the exports of Machines ($8.96k).

During 2017, Hong Kong had a large net trade with Micronesia in the exports of Machines ($2.66M), Foodstuffs ($513k), and Footwear and Headwear ($145k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Hong Kong () (2022)

Exports from Hong Kong () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and Hong Kong ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Micronesia () (2022)

Comparative Advantage Micronesia - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Hong Kong () (2022)

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