Turkey (TUR) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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Turkey-Micronesia Trade: In 2022, Turkey exported $41.5k to Micronesia. The main products that Turkey exported to Micronesia were Wheat Flours ($25k), Baked Goods ($15.2k), and Confectionery Sugar ($1.07k). Over the past 8 years the exports of Turkey to Micronesia have increased at an annualized rate of 10.8%, from $18.2k in 2014 to $41.5k in 2022.

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

Micronesia-Turkey Trade: In 2022, Micronesia exported $466 to Turkey. The main products that Micronesia exported to Turkey were N/A. Over the past 8 years the exports of Micronesia to Turkey have decreased at an annualized rate of 21.2%, from $8.13k in 2014 to $466 in 2022.

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

Comparison In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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 2022, Turkey exported $41.5k to Micronesia. The main products exported from Turkey to Micronesia were Wheat Flours ($25k), Baked Goods ($15.2k), and Confectionery Sugar ($1.07k). During the last 8 years the exports of Turkey to Micronesia have increased at an annualized rate of 10.8%, from $18.2k in 2014 to $41.5k in 2022.

In 2017, Micronesia exported $466 to Turkey. There were not main exports from Micronesia to Turkey in 2017. During the last 5 years the exports of Micronesia to Turkey have decreased at an annualized rate of 21.2%, from $8.13k in 2022 to $466 in 2017.

Exports from Turkey () to Micronesia () (2022)

Exports from Micronesia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Micronesia ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Micronesia
Top DestinationThailand$143M

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

In 2022, countries that imported more from Turkey than Micronesia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Difference in imports from Micronesia () and Turkey () (2022)

Comparative Advantage Turkey - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Micronesia in the exports of Vegetable Products ($25k), Foodstuffs ($16.3k), and Plastics and Rubbers ($104).

During 2017, Micronesia had a large net trade with Turkey in the exports of Transportation ($415) and Machines ($51).

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 Turkey and Micronesia. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Micronesia. Similarly, a dot/product with the flag of Micronesia indicates it has a comparative advantage over Turkey.

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Micronesia () (2022)

Exports from Micronesia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Micronesia ()

Turkey Exports

Market Competitiveness

Difference in imports from Micronesia () and Turkey () (2022)

Comparative Advantage Turkey - Micronesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Micronesia () (2022)

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