2022
Flag  
GDP
$427MCURRENT US$
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2012-2022
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GDP GROWTH
30.5%CURRENT US$
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2022
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 GDP
$406BCURRENT US$
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2012-2022
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GDP GROWTH
-6.57%CURRENT US$
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2022
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GDP PC 
$3,741CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
23.7%CURRENT US$
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2022
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GDP PC
$6,776CURRENT US$
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2012-2022
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GDP PC GROWTH
-17.1%CURRENT US$
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About

Micronesia-South Africa Trade: In 2022, Micronesia exported $1.19k to South Africa. The main products that Micronesia exported to South Africa were Low-voltage Protection Equipment ($2.61k), Broadcasting Equipment ($1.6k), and Non-Knit Women's Suits ($638). Over the past 8 years the exports of Micronesia to South Africa have decreased at an annualized rate of 1.71%, from $1.37k in 2014 to $1.19k in 2022.

In 2022, Micronesia did not export any services to South Africa.

South Africa-Micronesia Trade: In 2022, South Africa exported $44.8k to Micronesia. The main products that South Africa exported to Micronesia were Broadcasting Equipment ($54k), Unglazed Ceramics ($20.4k), and Medical Instruments ($7.66k). Over the past 8 years the exports of South Africa to Micronesia have increased at an annualized rate of 22.9%,  from $8.63k in 2014 to $44.8k in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Micronesia exported $1.19k to South Africa. The main products exported from Micronesia to South Africa were Low-voltage Protection Equipment ($2.61k), Broadcasting Equipment ($1.6k), and Non-Knit Women's Suits ($638). During the last 8 years the exports of Micronesia to South Africa have decreased at an annualized rate of 1.71%, from $1.37k in 2014 to $1.19k in 2022.

In 2016, South Africa exported $44.8k to Micronesia. The main products exported from South Africa to Micronesia were Broadcasting Equipment ($54k), Unglazed Ceramics ($20.4k), and Medical Instruments ($7.66k). During the last 16 years the exports of South Africa to Micronesia have increased at an annualized rate of 22.9%, from $8.63k in 2000 to $44.8k in 2016.

Exports from Micronesia (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Micronesia (Flag) (2022)

Latest Data

Trade between Micronesia (Flag) and South Africa (Flag)

South Africa Exports

Market Competitiveness

Color
Micronesia
Top Destination
Thailand$143M
South Africa
Top Destination
China$23.4B

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

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

In 2022, countries that imported more from South Africa than Micronesia included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

Difference in imports from South Africa (Flag) and Micronesia (Flag) (2022)

Comparative Advantage Micronesia - South Africa

Flow
Scale

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

During 2022, Micronesia had a large net trade with South Africa in the exports of Machines ($4.41k), Textiles ($638), and Plastics and Rubbers ($19).

During 2016, South Africa had a large net trade with Micronesia in the exports of Machines ($54k), Stone And Glass ($20.4k), and Instruments ($7.66k).

Economic Complexity

Competitive Landscape

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

Product Space of Micronesia (Flag) and South Africa (Flag) (2022)

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