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2023
Flag → Flag
Exports $153kRnk 208 / 219
2023
Flag → Flag
Top Product $45.1kOther Edible Preparations
2023
Flag → Flag
Exports $9.75kRnk 31 / 58
2023
Flag → Flag
Top Product $8.24kMolluscs
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

About

Italy-Micronesia Trade: In 2023, Italy exported $153k to Micronesia. The main products that Italy exported to Micronesia were Other Edible Preparations ($45.1k), Tanned Equine and Bovine Hides ($34.8k), and Footwear Parts ($16.5k). Over the past 6 years the exports of Italy to Micronesia have increased at an annualized rate of 86.1%, from $3.69k in 2017 to $153k in 2023.

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

Micronesia-Italy Trade: In 2023, Micronesia exported $9.75k to Italy. The main products that Micronesia exported to Italy were Molluscs ($8.24k) and Non-Knit Women's Suits ($1.51k). Over the past 6 years the exports of Micronesia to Italy have decreased at an annualized rate of 19.9%,  from $29.6k in 2017 to $9.75k in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Micronesia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Micronesia were . In N/A the top imports of Italy from Micronesia were .

Growth In N/A, the N/A in Italy's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Micronesia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $153k to Micronesia. The main products exported from Italy to Micronesia were Other Edible Preparations ($45.1k), Tanned Equine and Bovine Hides ($34.8k), and Footwear Parts ($16.5k). During the last 6 years the exports of Italy to Micronesia have increased at an annualized rate of 86.1%, from $3.69k in 2017 to $153k in 2023.

In 2018, Micronesia exported $9.75k to Italy. The main products exported from Micronesia to Italy were Molluscs ($8.24k) and Non-Knit Women's Suits ($1.51k). During the last 5 years the exports of Micronesia to Italy have decreased at an annualized rate of 19.9%, from $29.6k in 2023 to $9.75k in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Micronesia
Top DestinationThailand$121M

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

In 2023, countries that imported more from Italy than Micronesia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Micronesia

Flow
Scale

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

During 2023, Italy had a large net trade with Micronesia in the exports of Foodstuffs ($68.3k), Animal Hides ($34.8k), and Footwear and Headwear ($16.5k).

During 2018, Micronesia had a large net trade with Italy in the exports of Animal Products ($8.24k) and Textiles ($1.51k).

Economic Complexity

Competitive Landscape

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

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

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