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2022
Flag → Flag
Exports $2.79kRnk 36 / 52
2022
Flag → Flag
Top Product $1.6kBroadcasting Equipment
2022
Flag → Flag
Exports $22.8kRnk 218 / 221
2022
Flag → Flag
Top Product $15.6kX-Ray Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Micronesia-Italy Trade: In 2022, Micronesia exported $2.79k to Italy. The main products that Micronesia exported to Italy were Broadcasting Equipment ($1.6k) and Chemical Analysis Instruments ($1.2k). Over the past 11 years the exports of Micronesia to Italy have decreased at an annualized rate of 14.2%, from $15k in 2011 to $2.79k in 2022.

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

Italy-Micronesia Trade: In 2022, Italy exported $22.8k to Micronesia. The main products that Italy exported to Micronesia were X-Ray Equipment ($15.6k), Footwear Parts ($5.79k), and Electric Motors ($1.4k). Over the past 11 years the exports of Italy to Micronesia have increased at an annualized rate of 44%,  from $3.69k in 2011 to $22.8k in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Micronesia exported $2.79k to Italy. The main products exported from Micronesia to Italy were Broadcasting Equipment ($1.6k) and Chemical Analysis Instruments ($1.2k). During the last 11 years the exports of Micronesia to Italy have decreased at an annualized rate of 14.2%, from $15k in 2011 to $2.79k in 2022.

In 2017, Italy exported $22.8k to Micronesia. The main products exported from Italy to Micronesia were X-Ray Equipment ($15.6k), Footwear Parts ($5.79k), and Electric Motors ($1.4k). During the last 5 years the exports of Italy to Micronesia have increased at an annualized rate of 44%, from $3.69k in 2022 to $22.8k in 2017.

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

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

Latest Data

Trade between Micronesia (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$143M
Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Micronesia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Micronesia - Italy

Flow
Scale

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

During 2022, Micronesia had a large net trade with Italy in the exports of Machines ($1.6k) and Instruments ($1.2k).

During 2017, Italy had a large net trade with Micronesia in the exports of Instruments ($15.6k), Footwear and Headwear ($5.79k), and Machines ($1.4k).

Economic Complexity

Competitive Landscape

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

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

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