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2022
Flag → Flag
Exports $105kRnk 11 / 52
2022
Flag → Flag
Top Product $61.4kNon-Knit Women's Suits
2022
Flag → Flag
Exports $4.39MRnk 155 / 215
2022
Flag → Flag
Top Product $1.21MPlastic Housewares
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Micronesia-Singapore Trade: In 2022, Micronesia exported $105k to Singapore. The main products that Micronesia exported to Singapore were Non-Knit Women's Suits ($61.4k), Office Machine Parts ($10.3k), and Trailers and semi-trailers, not mechanically propelled vehicles ($9.42k). Over the past 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 108%, from $2.68k in 2017 to $105k in 2022.

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

Singapore-Micronesia Trade: In 2022, Singapore exported $4.39M to Micronesia. The main products that Singapore exported to Micronesia were Plastic Housewares ($1.21M), Refined Petroleum ($786k), and Baked Goods ($373k). Over the past 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 2.65%,  from $3.47M in 2017 to $4.39M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Micronesia exported $105k to Singapore. The main products exported from Micronesia to Singapore were Non-Knit Women's Suits ($61.4k), Office Machine Parts ($10.3k), and Trailers and semi-trailers, not mechanically propelled vehicles ($9.42k). During the last 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 108%, from $2.68k in 2017 to $105k in 2022.

In 2017, Singapore exported $4.39M to Micronesia. The main products exported from Singapore to Micronesia were Plastic Housewares ($1.21M), Refined Petroleum ($786k), and Baked Goods ($373k). During the last 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 2.65%, from $3.47M in 2022 to $4.39M in 2017.

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

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

Latest Data

Trade between Micronesia (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Micronesia
Top DestinationThailand$143M
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Singapore than Micronesia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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 2022, Micronesia had a large net trade with Singapore in the exports of Textiles ($63.1k), Machines ($22.7k), and Transportation ($9.42k).

During 2017, Singapore had a large net trade with Micronesia in the exports of Plastics and Rubbers ($1.46M), Mineral Products ($803k), and Foodstuffs ($800k).

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) (2022)

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