2023
Flag
 GDP
$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH
45%CURRENT US$
Rnk 85 / 195
2023
Flag
GDP PC
$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH
39.2%CURRENT US$
Rnk 62 / 195

About

Chinese Taipei-Micronesia Trade: In 2023, Chinese Taipei exported $6.97M to Micronesia. The main products that Chinese Taipei exported to Micronesia were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.67M), Flavored Water ($671k), and Rice ($649k). Over the past 5 years the exports of Chinese Taipei to Micronesia have increased at an annualized rate of 4.26%, from $5.65M in 2018 to $6.97M in 2023.

In 2023, Chinese Taipei did not export any services to Micronesia.

Micronesia-Chinese Taipei Trade: In 2023, Micronesia exported $44.6k to Chinese Taipei. The main products that Micronesia exported to Chinese Taipei were Scrap Aluminium ($40k), Low-voltage Protection Equipment ($4.04k), and Knit Women's Suits ($321). Over the past 5 years the exports of Micronesia to Chinese Taipei have decreased at an annualized rate of 14.4%,  from $97.2k in 2018 to $44.6k in 2023.

In 2023, Micronesia did not export any services to Chinese Taipei.

Comparison In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2),  and 11 in total exports ($509B). 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, Chinese Taipei exported $6.97M to Micronesia. The main products exported from Chinese Taipei to Micronesia were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.67M), Flavored Water ($671k), and Rice ($649k). During the last 5 years the exports of Chinese Taipei to Micronesia have increased at an annualized rate of 4.26%, from $5.65M in 2018 to $6.97M in 2023.

In 2018, Micronesia exported $44.6k to Chinese Taipei. The main products exported from Micronesia to Chinese Taipei were Scrap Aluminium ($40k), Low-voltage Protection Equipment ($4.04k), and Knit Women's Suits ($321). During the last 5 years the exports of Micronesia to Chinese Taipei have decreased at an annualized rate of 14.4%, from $97.2k in 2023 to $44.6k in 2018.

Exports from Chinese Taipei (Flag) to Micronesia (Flag) (2023)

Exports from Micronesia (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Micronesia
Top Destination
Thailand$121M

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

In 2023, countries that imported more from Chinese Taipei than Micronesia included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

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

Difference in imports from Micronesia (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - Micronesia

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Micronesia in the exports of Textiles ($1.77M), Metals ($1.26M), and Foodstuffs ($1.09M).

During 2018, Micronesia had a large net trade with Chinese Taipei in the exports of Metals ($40k), Machines ($4.08k), and Textiles ($417).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Micronesia (Flag) (2023)

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