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2023
Flag → Flag
Exports $16MRnk 163 / 211
2023
Flag → Flag
Top Product $4.06MCars
2023
Flag → Flag
Exports $9.11MRnk 4 / 58
2023
Flag → Flag
Top Product $5.28MFish Fillets
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$4,084CURRENT US$
Rnk 130 / 196
2013-2023
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GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

About

Japan-Micronesia Trade: In 2023, Japan exported $16M to Micronesia. The main products that Japan exported to Micronesia were Cars ($4.06M), Delivery Trucks ($1.96M), and Spark-Ignition Engines ($1.24M). Over the past 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 2.6%, from $18.2M in 2018 to $16M in 2023.

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

Micronesia-Japan Trade: In 2023, Micronesia exported $9.11M to Japan. The main products that Micronesia exported to Japan were Fish Fillets ($5.28M), Non-fillet Frozen Fish ($3.82M), and Basketwork ($3.15k). Over the past 5 years the exports of Micronesia to Japan have decreased at an annualized rate of 13%,  from $18.3M in 2018 to $9.11M in 2023.

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

Comparison In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($766B). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥189M and imported ¥148M from Micronesia, resulting in a positive trade balance of ¥41.1M. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-172M (-47.5%) from ¥361M to ¥189M, while imports increased by ¥35M (30.9%) from ¥113M to ¥148M.

Trade In November 2024, the top exports of Japan to Micronesia were Cars (¥32.6M), Delivery Trucks (¥24.5M), Processed Fish (¥16.3M), Stranded Iron Wire (¥12.9M), and Spark-Ignition Engines (¥9.08M). In November 2024 the top imports of Japan from Micronesia were Fish Fillets (¥65.8M), Non-fillet Frozen Fish (¥22.5M), and Other Clocks and Watches (¥201k).

Origins In November 2024 the exports of Japan were mainly from Kanagawa (¥92.9M), Hyōgo (¥40M), Osaka (¥22.1M), Chiba (¥17.1M), and Aichi (¥11.1M), while imports destinations were mainly Shizuoka (¥148M).

Growth In November 2024, the decrease in Japan's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in Engine Parts (¥-2.13M or -87%), Sanitary towels (pads) (¥-949k or -46.3%), and Prepared Cereals (¥-507k or -56.9%). In November 2024, the increase in Japan's year-by-year imports  from Micronesia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-172M(-47.5%)
IMPORT GROWTH (November 2023 - November 2024)¥35M(30.9%)
MAIN EXPORTER (November 2024)Kanagawa¥92.9M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $16M to Micronesia. The main products exported from Japan to Micronesia were Cars ($4.06M), Delivery Trucks ($1.96M), and Spark-Ignition Engines ($1.24M). During the last 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 2.6%, from $18.2M in 2018 to $16M in 2023.

In 2018, Micronesia exported $9.11M to Japan. The main products exported from Micronesia to Japan were Fish Fillets ($5.28M), Non-fillet Frozen Fish ($3.82M), and Basketwork ($3.15k). During the last 5 years the exports of Micronesia to Japan have decreased at an annualized rate of 13%, from $18.3M in 2023 to $9.11M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Micronesia
Top DestinationThailand$121M

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

In 2023, countries that imported more from Japan than Micronesia included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Micronesia

Flow
Scale

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

During 2023, Japan had a large net trade with Micronesia in the exports of Transportation ($6.75M), Machines ($3.46M), and Foodstuffs ($2.14M).

During 2018, Micronesia had a large net trade with Japan in the exports of Animal Products ($9.1M), Wood Products ($3.15k), and Precious Metals ($2.36k).

Economic Complexity

Competitive Landscape

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

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

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