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2022
Flag → Flag
Exports $22.7MRnk 2 / 52
2022
Flag → Flag
Top Product $22.3MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $6.1MRnk 96 / 205
2022
Flag → Flag
Top Product $1.33MAircraft Parts
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Micronesia-Philippines Trade: In 2022, Micronesia exported $22.7M to Philippines. The main products that Micronesia exported to Philippines were Non-fillet Frozen Fish ($22.3M), Aircraft Parts ($340k), and Engine Parts ($15.5k). Over the past 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 24.6%, from $7.56M in 2017 to $22.7M in 2022.

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

Philippines-Micronesia Trade: In 2022, Philippines exported $6.1M to Micronesia. The main products that Philippines exported to Micronesia were Aircraft Parts ($1.33M), Sauces and Seasonings ($709k), and Baked Goods ($624k). Over the past 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 5.43%,  from $8.06M in 2017 to $6.1M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Micronesia exported $22.7M to Philippines. The main products exported from Micronesia to Philippines were Non-fillet Frozen Fish ($22.3M), Aircraft Parts ($340k), and Engine Parts ($15.5k). During the last 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 24.6%, from $7.56M in 2017 to $22.7M in 2022.

In 2017, Philippines exported $6.1M to Micronesia. The main products exported from Philippines to Micronesia were Aircraft Parts ($1.33M), Sauces and Seasonings ($709k), and Baked Goods ($624k). During the last 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 5.43%, from $8.06M in 2022 to $6.1M in 2017.

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

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

Latest Data

Trade between Micronesia (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$143M
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Micronesia included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Micronesia - Philippines

Flow
Scale

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

During 2022, Micronesia had a large net trade with Philippines in the exports of Animal Products ($22.3M), Transportation ($340k), and Machines ($20.6k).

During 2017, Philippines had a large net trade with Micronesia in the exports of Foodstuffs ($2.25M), Transportation ($1.7M), and Machines ($366k).

Economic Complexity

Competitive Landscape

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

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

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