2023
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GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
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GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
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 GDP
$460MCURRENT US$
Rnk 190 / 195
2013-2023
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GDP GROWTH
45%CURRENT US$
Rnk 85 / 195
2023
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GDP PC 
$48,281CURRENT US$
Rnk 28 / 195
2013-2023
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GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195
2023
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GDP PC
$4,084CURRENT US$
Rnk 130 / 196
2013-2023
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GDP PC GROWTH
39.2%CURRENT US$
Rnk 62 / 195

About

New Zealand-Micronesia Trade: In 2023, New Zealand exported $2.53M to Micronesia. The main products that New Zealand exported to Micronesia were Utility Meters ($611k), Sawn Wood ($306k), and Milk ($296k). Over the past 5 years the exports of New Zealand to Micronesia have decreased at an annualized rate of 1.38%, from $2.72M in 2018 to $2.53M in 2023.

In 2023, New Zealand did not export any services to Micronesia.

Micronesia-New Zealand Trade: In 2023, Micronesia exported $4.46k to New Zealand. The main products that Micronesia exported to New Zealand were Knitted Hats ($3.88k), Non-Knit Women's Suits ($429), and Bi-Wheel Vehicle Parts ($109). Over the past 5 years the exports of Micronesia to New Zealand have increased at an annualized rate of 39.1%,  from $857 in 2018 to $4.46k in 2023.

In 2023, Micronesia did not export any services to New Zealand.

Comparison In 2023,  New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48),  and 61 in total exports ($44.5B). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, New Zealand exported $2.53M to Micronesia. The main products exported from New Zealand to Micronesia were Utility Meters ($611k), Sawn Wood ($306k), and Milk ($296k). During the last 5 years the exports of New Zealand to Micronesia have decreased at an annualized rate of 1.38%, from $2.72M in 2018 to $2.53M in 2023.

In 2018, Micronesia exported $4.46k to New Zealand. The main products exported from Micronesia to New Zealand were Knitted Hats ($3.88k), Non-Knit Women's Suits ($429), and Bi-Wheel Vehicle Parts ($109). During the last 5 years the exports of Micronesia to New Zealand have increased at an annualized rate of 39.1%, from $857 in 2023 to $4.46k in 2018.

Exports from New Zealand (Flag) to Micronesia (Flag) (2023)

Exports from Micronesia (Flag) to New Zealand (Flag) (2023)

Latest Data

Trade between New Zealand (Flag) and Micronesia (Flag)

New Zealand Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$12.3B
Micronesia
Top Destination
Thailand$121M

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

In 2023, countries that imported more from New Zealand than Micronesia included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

In 2023, countries that imported more from Micronesia than New Zealand included Botswana ($1.01M).

Difference in imports from Micronesia (Flag) and New Zealand (Flag) (2023)

Comparative Advantage New Zealand - Micronesia

Flow
Scale

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

During 2023, New Zealand had a large net trade with Micronesia in the exports of Instruments ($633k), Machines ($455k), and Wood Products ($420k).

During 2018, Micronesia had a large net trade with New Zealand in the exports of Footwear and Headwear ($3.88k), Textiles ($429), and Transportation ($109).

Economic Complexity

Competitive Landscape

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

Product Space of New Zealand (Flag) and Micronesia (Flag) (2023)

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