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Pricing

2023
Flag → Flag
Exports $44MRnk 178 / 220
2023
Flag → Flag
Top Product $5.62MPoultry Meat
2023
Flag → Flag
Exports $1.39MRnk 6 / 58
2023
Flag → Flag
Top Product $268kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

About

United States-Micronesia Trade: In 2023, United States exported $44M to Micronesia. The main products that United States exported to Micronesia were Poultry Meat ($5.62M), Other Prepared Meat ($2.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.99M). Over the past 5 years the exports of United States to Micronesia have increased at an annualized rate of 3.15%, from $37.7M in 2018 to $44M in 2023.

In 2023, United States did not export any services to Micronesia.

Micronesia-United States Trade: In 2023, Micronesia exported $1.39M to United States. The main products that Micronesia exported to United States were Motor vehicles; parts and accessories (8701 to 8705) ($268k), Live Fish ($127k), and Metal Mountings ($109k). Over the past 5 years the exports of Micronesia to United States have increased at an annualized rate of 12.2%,  from $784k in 2018 to $1.39M in 2023.

In 2023, Micronesia did not export any services to United States.

Comparison In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5),  and 2 in total exports ($1.86T). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (21) were at the forefront of exporting goods from Micronesia to the United States. Conversely, Intratext De El Salvador S.a De C.v (18) and Other (3) were notable for importing products to Micronesia from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $5.26M and imported $1.09M from Micronesia, resulting in a positive trade balance of $4.17M. Between November 2023 and November 2024 the exports of United States have increased by $244k (4.85%) from $5.02M to $5.26M, while imports increased by $1.06M (2.99k%) from $35.4k to $1.09M.

Trade In November 2024, the top exports of United States to Micronesia were Commodities not elsewhere specified ($473k), Electrical Transformers ($295k), Poultry Meat ($265k), Eggs ($199k), and Sawn Wood ($164k). In November 2024 the top imports of United States from Micronesia were Basketwork ($56.6k), Coral and Shells ($18.1k), Baby Carriages ($15.3k), Commodities not elsewhere specified ($13.1k), and Building Stone ($7.9k).

Origins In November 2024 the exports of United States were mainly from California ($2.99M), Oregon ($685k), Florida ($270k), Washington ($135k), and Maryland ($131k), while imports destinations were mainly Texas ($992k), Maryland ($68.7k), California ($18.6k), and Hawaii ($5.34k).

Growth In November 2024, the increase in United States's year-by-year exports to Micronesia was explained primarily by an increase in product exports in Other Edible Preparations ($105k or 236%), Sawn Wood ($101k or 159%), and Eggs ($86.3k or 76.3%). In November 2024, the increase in United States's year-by-year imports  from Micronesia was explained primarily by an increase in product imports  in Basketwork ($49.8k or 730%), Commodities not elsewhere specified ($8.54k or 186%), and Coral and Shells ($3.84k or 26.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$244k(4.85%)
IMPORT GROWTH (November 2023 - November 2024)$1.06M(2.99k%)
MAIN EXPORTER (November 2024)California$2.99M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Micronesia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $44M to Micronesia. The main products exported from United States to Micronesia were Poultry Meat ($5.62M), Other Prepared Meat ($2.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.99M). During the last 5 years the exports of United States to Micronesia have increased at an annualized rate of 3.15%, from $37.7M in 2018 to $44M in 2023.

In 2018, Micronesia exported $1.39M to United States. The main products exported from Micronesia to United States were Motor vehicles; parts and accessories (8701 to 8705) ($268k), Live Fish ($127k), and Metal Mountings ($109k). During the last 5 years the exports of Micronesia to United States have increased at an annualized rate of 12.2%, from $784k in 2023 to $1.39M in 2018.

Exports from United States (Flag) to Micronesia (Flag) (2023)

Exports from Micronesia (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Micronesia
Top DestinationThailand$121M

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

In 2023, countries that imported more from United States than Micronesia included Canada ($269B), Mexico ($243B), and China ($154B).

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

Difference in imports from Micronesia (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Micronesia

Flow
Scale

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

During 2023, United States had a large net trade with Micronesia in the exports of Foodstuffs ($12.5M), Animal Products ($9.96M), and Machines ($6.04M).

During 2018, Micronesia had a large net trade with United States in the exports of Machines ($354k), Transportation ($289k), and Animal Products ($208k).

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Micronesia (Flag) (2023)

Keep Exploring

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