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2023
Flag → Flag
Exports $9.11MRnk 4 / 58
2023
Flag → Flag
Top Product $5.28MFish Fillets
2023
Flag → Flag
Exports $16MRnk 163 / 211
2023
Flag → Flag
Top Product $4.06MCars
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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GDP PC $4,084CURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195
2023
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GDP PC$33,767CURRENT US$
Rnk 38 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Micronesia-Japan Trade: In 2023, Micronesia exported $9.11M to Japan. The main products that Micronesia exported to Japan were Fish Fillets ($5.28M), Non-fillet Frozen Fish ($3.82M), and Basketwork ($3.15k). Over the past 5 years the exports of Micronesia to Japan have decreased at an annualized rate of 13%, from $18.3M in 2018 to $9.11M in 2023.

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

Japan-Micronesia Trade: In 2023, Japan exported $16M to Micronesia. The main products that Japan exported to Micronesia were Cars ($4.06M), Delivery Trucks ($1.96M), and Spark-Ignition Engines ($1.24M). Over the past 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 2.6%,  from $18.2M in 2018 to $16M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $9.11M to Japan. The main products exported from Micronesia to Japan were Fish Fillets ($5.28M), Non-fillet Frozen Fish ($3.82M), and Basketwork ($3.15k). During the last 5 years the exports of Micronesia to Japan have decreased at an annualized rate of 13%, from $18.3M in 2018 to $9.11M in 2023.

In 2018, Japan exported $16M to Micronesia. The main products exported from Japan to Micronesia were Cars ($4.06M), Delivery Trucks ($1.96M), and Spark-Ignition Engines ($1.24M). During the last 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 2.6%, from $18.2M in 2023 to $16M in 2018.

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

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

Latest Data

Trade between Micronesia (Flag) and Japan (Flag)

Japan Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Japan
Top DestinationUnited States$143B

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

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

In 2023, countries that imported more from Japan than Micronesia included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Micronesia - Japan

Flow
Scale

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

During 2023, Micronesia had a large net trade with Japan in the exports of Animal Products ($9.1M), Wood Products ($3.15k), and Precious Metals ($2.36k).

During 2018, Japan had a large net trade with Micronesia in the exports of Transportation ($6.75M), Machines ($3.46M), and Foodstuffs ($2.14M).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and Japan (Flag) (2023)

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