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2023
Flag → Flag
Exports $31.6kRnk 21 / 58
2023
Flag → Flag
Top Product $23.7kOther Plastic Products
2023
Flag → Flag
Exports $32.2kRnk 39 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Micronesia-Saudi Arabia Trade: In 2023, Micronesia exported $31.6k to Saudi Arabia. The main products that Micronesia exported to Saudi Arabia were Other Plastic Products ($23.7k), Non-Knit Women's Suits ($4.23k), and Felt or Coated Fabric Garments ($1.85k). Over the past 6 years the exports of Micronesia to Saudi Arabia have increased at an annualized rate of 1.12%, from $29.6k in 2017 to $31.6k in 2023.

In 2023, Micronesia did not export any services to Saudi Arabia.

Saudi Arabia-Micronesia Trade: In 2023, Saudi Arabia exported $32.2k to Micronesia. The main products that Saudi Arabia exported to Micronesia were N/A. Over the past 6 years the exports of Saudi Arabia to Micronesia have decreased at an annualized rate of 8.62%,  from $50.6k in 2017 to $32.2k in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $31.6k to Saudi Arabia. The main products exported from Micronesia to Saudi Arabia were Other Plastic Products ($23.7k), Non-Knit Women's Suits ($4.23k), and Felt or Coated Fabric Garments ($1.85k). During the last 6 years the exports of Micronesia to Saudi Arabia have increased at an annualized rate of 1.12%, from $29.6k in 2017 to $31.6k in 2023.

In 2013, Saudi Arabia exported $32.2k to Micronesia. There were not main exports from Saudi Arabia to Micronesia in 2013. During the last 5 years the exports of Saudi Arabia to Micronesia have decreased at an annualized rate of 8.62%, from $50.6k in 2018 to $32.2k in 2013.

Exports from Micronesia (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Micronesia (Flag) (2023)

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Micronesia than Saudi Arabia included Botswana ($1.01M), Fiji ($592k), and Samoa ($11.5k).

In 2023, countries that imported more from Saudi Arabia than Micronesia included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Micronesia (Flag) (2023)

Comparative Advantage Micronesia - Saudi Arabia

Flow
Scale

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

During 2023, Micronesia had a large net trade with Saudi Arabia in the exports of Plastics and Rubbers ($23.7k), Textiles ($6.08k), and Machines ($1.79k).

During 2013, Saudi Arabia had a large net trade with Micronesia in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and Saudi Arabia (Flag) (2023)

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