2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$427MCURRENT US$
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2012-2022
Flag
GDP GROWTH
30.5%CURRENT US$
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2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$3,741CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
23.7%CURRENT US$
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About

Singapore-Micronesia Trade: In 2022, Singapore exported $4.39M to Micronesia. The main products that Singapore exported to Micronesia were Plastic Housewares ($1.21M), Refined Petroleum ($786k), and Baked Goods ($373k). Over the past 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 4.83%, from $3.47M in 2017 to $4.39M in 2022.

In 2022, Singapore did not export any services to Micronesia.

Micronesia-Singapore Trade: In 2022, Micronesia exported $105k to Singapore. The main products that Micronesia exported to Singapore were Non-Knit Women's Suits ($61.4k), Office Machine Parts ($10.3k), and Trailers and semi-trailers, not mechanically propelled vehicles ($9.42k). Over the past 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 108%,  from $2.68k in 2017 to $105k in 2022.

In 2022, Micronesia did not export any services to Singapore.

Comparison In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68),  and 21 in total exports ($379B). 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
Value

In 2022, Singapore exported $4.39M to Micronesia. The main products exported from Singapore to Micronesia were Plastic Housewares ($1.21M), Refined Petroleum ($786k), and Baked Goods ($373k). During the last 5 years the exports of Singapore to Micronesia have increased at an annualized rate of 4.83%, from $3.47M in 2017 to $4.39M in 2022.

In 2017, Micronesia exported $105k to Singapore. The main products exported from Micronesia to Singapore were Non-Knit Women's Suits ($61.4k), Office Machine Parts ($10.3k), and Trailers and semi-trailers, not mechanically propelled vehicles ($9.42k). During the last 5 years the exports of Micronesia to Singapore have increased at an annualized rate of 108%, from $2.68k in 2022 to $105k in 2017.

Exports from Singapore (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Micronesia (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Micronesia
Top Destination
Thailand$143M

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 2022, countries that imported more from Singapore than Micronesia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, no countries were registered that imported more from Micronesia than from Singapore.

Difference in imports from Micronesia (Flag) and Singapore (Flag) (2022)

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 2022, Singapore had a large net trade with Micronesia in the exports of Plastics and Rubbers ($1.46M), Mineral Products ($803k), and Foodstuffs ($800k).

During 2017, Micronesia had a large net trade with Singapore in the exports of Textiles ($63.1k), Machines ($22.7k), and Transportation ($9.42k).

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) (2022)

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