Micronesia (FSM) and Italy (ITA) Trade | The Observatory of Economic Complexity

2022

→

Exports $2.79kRnk 36 / 52

2022

→

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

Latest Data

Trade between Micronesia () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Micronesia () (2022)

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.