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2023
Flag → Flag
Exports $74.6kRnk 15 / 58
2023
Flag → Flag
Top Product $61.3kNon-Knit Women's Suits
2023
Flag → Flag
Exports $4.25MRnk 153 / 217
2023
Flag → Flag
Top Product $1.05MPlastic Housewares
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Micronesia-Singapore Trade: In 2023, Micronesia exported $74.6k to Singapore. The main products that Micronesia exported to Singapore were Non-Knit Women's Suits ($61.3k), Chemical Analysis Instruments ($3.63k), and Non-Knit Women's Shirts ($3.14k). Over the past 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 51.5%, from $9.37k in 2018 to $74.6k in 2023.

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

Singapore-Micronesia Trade: In 2023, Singapore exported $4.25M to Micronesia. The main products that Singapore exported to Micronesia were Plastic Housewares ($1.05M), Refined Petroleum ($438k), and Baked Goods ($351k). Over the past 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 2.32%,  from $3.79M in 2018 to $4.25M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Micronesia exported $74.6k to Singapore. The main products exported from Micronesia to Singapore were Non-Knit Women's Suits ($61.3k), Chemical Analysis Instruments ($3.63k), and Non-Knit Women's Shirts ($3.14k). During the last 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 51.5%, from $9.37k in 2018 to $74.6k in 2023.

In 2018, Singapore exported $4.25M to Micronesia. The main products exported from Singapore to Micronesia were Plastic Housewares ($1.05M), Refined Petroleum ($438k), and Baked Goods ($351k). During the last 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 2.32%, from $3.79M in 2023 to $4.25M in 2018.

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

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

Market Competitiveness

Color
Micronesia
Top DestinationThailand$121M
Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Micronesia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Micronesia - Singapore

Flow
Scale

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

During 2023, Micronesia had a large net trade with Singapore in the exports of Textiles ($66k), Instruments ($4.04k), and Foodstuffs ($1.41k).

During 2018, Singapore had a large net trade with Micronesia in the exports of Plastics and Rubbers ($1.38M), Foodstuffs ($916k), and Machines ($524k).

Economic Complexity

Competitive Landscape

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

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

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