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2023
Flag → Flag
Exports $4.25MRnk 153 / 217
2023
Flag → Flag
Top Product $1.05MPlastic Housewares
2023
Flag → Flag
Exports $74.6kRnk 15 / 58
2023
Flag → Flag
Top Product $61.3kNon-Knit Women's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

About

Singapore-Micronesia Trade: In 2023, Singapore exported $4.25M to Micronesia. The main products that Singapore exported to Micronesia were Plastic Housewares ($1.05M), Refined Petroleum ($438k), and Baked Goods ($351k). Over the past 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 2.32%, from $3.79M in 2018 to $4.25M in 2023.

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

Micronesia-Singapore Trade: In 2023, Micronesia exported $74.6k to Singapore. The main products that Micronesia exported to Singapore were Non-Knit Women's Suits ($61.3k), Chemical Analysis Instruments ($3.63k), and Non-Knit Women's Shirts ($3.14k). Over the past 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 51.5%,  from $9.37k in 2018 to $74.6k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). 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, Singapore exported $4.25M to Micronesia. The main products exported from Singapore to Micronesia were Plastic Housewares ($1.05M), Refined Petroleum ($438k), and Baked Goods ($351k). During the last 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 2.32%, from $3.79M in 2018 to $4.25M in 2023.

In 2018, Micronesia exported $74.6k to Singapore. The main products exported from Micronesia to Singapore were Non-Knit Women's Suits ($61.3k), Chemical Analysis Instruments ($3.63k), and Non-Knit Women's Shirts ($3.14k). During the last 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 51.5%, from $9.37k in 2023 to $74.6k in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Micronesia (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Micronesia
Top DestinationThailand$121M

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

In 2023, countries that imported more from Singapore than Micronesia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

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

Comparative Advantage Singapore - Micronesia

Flow
Scale

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

During 2023, Singapore had a large net trade with Micronesia in the exports of Plastics and Rubbers ($1.38M), Foodstuffs ($916k), and Machines ($524k).

During 2018, Micronesia had a large net trade with Singapore in the exports of Textiles ($66k), Instruments ($4.04k), and Foodstuffs ($1.41k).

Economic Complexity

Competitive Landscape

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

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

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