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Pricing

2022
Flag → Flag
Exports $53.9MRnk 175 / 219
2022
Flag → Flag
Top Product $6.37MPoultry Meat
2022
Flag → Flag
Exports $1.77MRnk 5 / 52
2022
Flag → Flag
Top Product $423kFish Fillets
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

United States-Micronesia Trade: In 2022, United States exported $53.9M to Micronesia. The main products that United States exported to Micronesia were Poultry Meat ($6.37M), Special purpose motor vehicles ($4.04M), and Other Electrical Machinery ($2.5M). Over the past 5 years the exports of United States to Micronesia have increased at an annualized rate of 8.31%, from $36.1M in 2017 to $53.9M in 2022.

In 2022, United States did not export any services to Micronesia.

Micronesia-United States Trade: In 2022, Micronesia exported $1.77M to United States. The main products that Micronesia exported to United States were Fish Fillets ($423k), Live Fish ($199k), and Coral and Shells ($145k). Over the past 5 years the exports of Micronesia to United States have increased at an annualized rate of 20.2%,  from $704k in 2017 to $1.77M in 2022.

In 2022, Micronesia did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Micronesia ranked 191 in total exports ($183M), 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

September, 2024

About

Overview In September 2024, United States exported $4.58M and imported $140k from Micronesia, resulting in a positive trade balance of $4.44M. Between September 2023 and September 2024 the exports of United States have increased by $759k (19.9%) from $3.82M to $4.58M, while imports increased by $102k (269%) from $38.1k to $140k.

Trade In September 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 September 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 September 2024 the exports of United States were mainly from California ($2.59M), Florida ($430k), Georgia ($254k), Texas ($200k), and Oregon ($134k), while imports destinations were mainly Ohio ($54k), New Jersey ($51.8k), Texas ($30.9k), Florida ($2.69k), and Michigan ($665).

Growth In September 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 September 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 (September 2023 - September 2024)$759k(19.9%)
IMPORT GROWTH (September 2023 - September 2024)$102k(269%)
MAIN EXPORTER (September 2024)California$2.59M

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 2022, United States exported $53.9M to Micronesia. The main products exported from United States to Micronesia were Poultry Meat ($6.37M), Special purpose motor vehicles ($4.04M), and Other Electrical Machinery ($2.5M). During the last 5 years the exports of United States to Micronesia have increased at an annualized rate of 8.31%, from $36.1M in 2017 to $53.9M in 2022.

In 2017, Micronesia exported $1.77M to United States. The main products exported from Micronesia to United States were Fish Fillets ($423k), Live Fish ($199k), and Coral and Shells ($145k). During the last 5 years the exports of Micronesia to United States have increased at an annualized rate of 20.2%, from $704k in 2022 to $1.77M in 2017.

Exports from United States (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Micronesia
Top DestinationThailand$143M

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 2022, countries that imported more from United States than Micronesia included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Micronesia (Flag) and United States (Flag) (2022)

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 2022, United States had a large net trade with Micronesia in the exports of Machines ($12.5M), Animal Products ($10.9M), and Foodstuffs ($10.7M).

During 2017, Micronesia had a large net trade with United States in the exports of Animal Products ($850k), Foodstuffs ($159k), and Machines ($151k).

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) (2022)

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