Micronesia / South Korea

Micronesia-South Korea Trade: In 2022, Micronesia exported $351k to South Korea. The main products that Micronesia exported to South Korea were Scrap Iron ($196k), Scrap Aluminium ($110k), and Industrial Fatty Acids, Oils and Alcohols ($19.3k). Over the past 5 years the exports of Micronesia to South Korea have decreased at an annualized rate of 19.7%, from $1.05M in 2017 to $351k in 2022.

In 2022, Micronesia did not export any services to South Korea.

South Korea-Micronesia Trade: In 2022, South Korea exported $12M to Micronesia. The main products that South Korea exported to Micronesia were Refined Petroleum ($4.25M), Petroleum Gas ($1.84M), and Raw Iron Bars ($1.69M). Over the past 5 years the exports of South Korea to Micronesia have decreased at an annualized rate of 25.1%,  from $51M in 2017 to $12M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).