Papua New Guinea (PNG) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Micronesia Trade: In 2021, Papua New Guinea exported $406k to Micronesia. The main products that Papua New Guinea exported to Micronesia were N/A. Over the past 10 years the exports of Papua New Guinea to Micronesia have increased at an annualized rate of 28.6%, from $32.8k in 2011 to $406k in 2021.

In 2021, Papua New Guinea did not export any services to Micronesia.

Micronesia-Papua New Guinea In N/A, Micronesia did not export any products to Papua New Guinea.

In 2021, Micronesia did not export any services to Papua New Guinea.

Comparison In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Papua New Guinea exported $406k to Micronesia. There were not main exports from Papua New Guinea to Micronesia in 2021. During the last 10 years the exports of Papua New Guinea to Micronesia have increased at an annualized rate of 28.6%, from $32.8k in 2011 to $406k in 2021.

Micronesia does not register exports to Papua New Guinea.

Exports from Papua New Guinea () to Micronesia () (2021)

Exports from Micronesia () to Papua New Guinea () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Micronesia
Top DestinationThailand$143M

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

In 2022, countries that imported more from Papua New Guinea than Micronesia included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

In 2022, countries that imported more from Micronesia than Papua New Guinea included Ecuador ($3.47M), Ireland ($220k), and Paraguay ($10.9k).

Difference in imports from Micronesia () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Papua New Guinea had a large net trade with Micronesia in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Micronesia () (2021)

Exports from Micronesia () to Papua New Guinea () (2021)

Market Competitiveness

Difference in imports from Micronesia () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Micronesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Micronesia () (2021)

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