Micronesia (FSM) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

About

Micronesia-Chinese Taipei Trade: In 2022, Micronesia exported $36.9k to Chinese Taipei. The main products that Micronesia exported to Chinese Taipei were Scrap Aluminium ($36.9k). Over the past 5 years the exports of Micronesia to Chinese Taipei have decreased at an annualized rate of 13.5%, from $76k in 2017 to $36.9k in 2022.

In 2022, Micronesia did not export any services to Chinese Taipei.

Chinese Taipei-Micronesia Trade: In 2022, Chinese Taipei exported $6.99M to Micronesia. The main products that Chinese Taipei exported to Micronesia were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.23M), Rice ($1.1M), and Stranded Iron Wire ($609k). Over the past 5 years the exports of Chinese Taipei to Micronesia have decreased at an annualized rate of 25.8%, from $31M in 2017 to $6.99M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Micronesia exported $36.9k to Chinese Taipei. The main products exported from Micronesia to Chinese Taipei were Scrap Aluminium ($36.9k). During the last 5 years the exports of Micronesia to Chinese Taipei have decreased at an annualized rate of 13.5%, from $76k in 2017 to $36.9k in 2022.

In 2017, Chinese Taipei exported $6.99M to Micronesia. The main products exported from Chinese Taipei to Micronesia were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.23M), Rice ($1.1M), and Stranded Iron Wire ($609k). During the last 5 years the exports of Chinese Taipei to Micronesia have decreased at an annualized rate of 25.8%, from $31M in 2022 to $6.99M in 2017.

Exports from Micronesia () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Micronesia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationN/AN/A

Chinese Taipei
Top DestinationN/AN/A

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

N/A

Difference in imports from Chinese Taipei () and Micronesia () (2022)

Comparative Advantage Micronesia - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Micronesia had a large net trade with Chinese Taipei in the exports of Metals ($36.9k).

During 2017, Chinese Taipei had a large net trade with Micronesia in the exports of Textiles ($1.41M), Metals ($1.37M), and Vegetable Products ($1.13M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Micronesia () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Micronesia () (2022)

Comparative Advantage Micronesia - Chinese Taipei

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Chinese Taipei () (2022)

Keep Exploring