2022
Exports
$2.37kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2022
Imports
$4.45MWorld Rnk 200 / 225
Flag Rnk 2 / 586

About

Imports In 2023, Micronesia imported $4.45M in Cars, becoming the 200th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Micronesia. Micronesia imports Cars primarily from: Japan ($4.06M), United States ($275k), China ($72.3k), Singapore ($32.8k), and Chinese Taipei ($7.05k).

The fastest growing import markets in Cars for Micronesia between 2022 and 2023 were Japan ($641k), United States ($200k), and Singapore ($32.8k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.37k
IMPORTS (2023)$4.45M
NET TRADE (2023)-$4.45M

In 2023, Micronesia imported $4.45M in Cars, mainly from Japan ($4.06M), United States ($275k), China ($72.3k), Singapore ($32.8k), and Chinese Taipei ($7.05k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Micronesia WERE (N/A - 2022):Ghana-$2.37k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Micronesia's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Micronesia's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Cars’s highest export potential is N/A. With an export gap of N/A.   Cars’s highest import potential is N/A with an import gap of N/A.

See methodology.

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