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Flag → Flag
Exports $2.95kRnk 78 / 0
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

In N/A, Micronesia did not export any services to Iceland.

Iceland-Micronesia Trade: In N/A, Iceland exported $2.95k to Micronesia. The main products that Iceland exported to Micronesia were N/A. Over the past N/A years the exports of Iceland to Micronesia have decreased at an annualized rate of 31.2%,  from $19.1k in N/A to $2.95k in N/A.

In N/A, Iceland did not export any services to Micronesia.

Comparison In 2023,  Micronesia ranked 188 in total exports ($190M). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Micronesia does not register exports to Iceland.

In 2011, Iceland exported $2.95k to Micronesia. There were not main exports from Iceland to Micronesia in 2011. During the last 5 years the exports of Iceland to Micronesia have decreased at an annualized rate of 31.2%, from $19.1k in 2016 to $2.95k in 2011.

Exports from Micronesia (Flag) to Iceland (Flag) (2016)

Exports from Iceland (Flag) to Micronesia (Flag) (2016)

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Micronesia than Iceland included Thailand ($121M), Philippines ($21.5M), and Botswana ($1.01M).

In 2023, countries that imported more from Iceland than Micronesia included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

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

Comparative Advantage Micronesia - Iceland

Flow
Scale

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

During 2011, Iceland had a large net trade with Micronesia in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and Iceland (Flag) (2016)

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