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2023
Flag → Flag
Exports $9.75kRnk 31 / 58
2023
Flag → Flag
Top Product $8.24kMolluscs
2023
Flag → Flag
Exports $153kRnk 208 / 219
2023
Flag → Flag
Top Product $45.1kOther Edible Preparations
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Micronesia-Italy Trade: In 2023, Micronesia exported $9.75k to Italy. The main products that Micronesia exported to Italy were Molluscs ($8.24k) and Non-Knit Women's Suits ($1.51k). Over the past 9 years the exports of Micronesia to Italy have increased at an annualized rate of 14.8%, from $2.81k in 2014 to $9.75k in 2023.

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

Italy-Micronesia Trade: In 2023, Italy exported $153k to Micronesia. The main products that Italy exported to Micronesia were Other Edible Preparations ($45.1k), Tanned Equine and Bovine Hides ($34.8k), and Footwear Parts ($16.5k). Over the past 9 years the exports of Italy to Micronesia have increased at an annualized rate of 52.7%,  from $18.4k in 2014 to $153k in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $9.75k to Italy. The main products exported from Micronesia to Italy were Molluscs ($8.24k) and Non-Knit Women's Suits ($1.51k). During the last 9 years the exports of Micronesia to Italy have increased at an annualized rate of 14.8%, from $2.81k in 2014 to $9.75k in 2023.

In 2018, Italy exported $153k to Micronesia. The main products exported from Italy to Micronesia were Other Edible Preparations ($45.1k), Tanned Equine and Bovine Hides ($34.8k), and Footwear Parts ($16.5k). During the last 5 years the exports of Italy to Micronesia have increased at an annualized rate of 52.7%, from $18.4k in 2023 to $153k in 2018.

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

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

Latest Data

Trade between Micronesia (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Italy than Micronesia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Micronesia had a large net trade with Italy in the exports of Animal Products ($8.24k) and Textiles ($1.51k).

During 2018, Italy had a large net trade with Micronesia in the exports of Foodstuffs ($68.3k), Animal Hides ($34.8k), and Footwear and Headwear ($16.5k).

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) (2023)

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