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Exports In 2023, Micronesia exported $95.9k in Chemical Products, making it the 216th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 11th most exported product in Micronesia. The main destination of Chemical Products exports from Micronesia are: United States ($94.2k), Czechia ($983), Singapore ($642), and Sweden ($94).

The fastest growing export markets for Chemical Products of Micronesia between 2022 and 2023 were United States ($94.2k), Czechia ($983), and Singapore ($642).

Imports In 2023, Micronesia imported $5.1M in Chemical Products, becoming the 207th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 7th most imported product in Micronesia. Micronesia imports Chemical Products primarily from: United States ($1.3M), Belgium ($1.29M), China ($930k), Australia ($574k), and Philippines ($249k).

The fastest growing import markets in Chemical Products for Micronesia between 2022 and 2023 were Belgium ($1.29M), United States ($465k), and China ($323k).

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 Chemical Products. 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 (2023)$95.9k
IMPORTS (2023)$5.1M
NET TRADE (2023)-$5M

In 2023, Micronesia exported $95.9k in Chemical Products. The main destinations of Micronesia exports on Chemical Products were United States ($94.2k), Czechia ($983), Singapore ($642), and Sweden ($94).

In 2023, Micronesia imported $5.1M in Chemical Products, mainly from United States ($1.3M), Belgium ($1.29M), China ($930k), Australia ($574k), and Philippines ($249k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Micronesia WERE (2022 - 2023):
United States$94.2k (1%)
Czechia$983 (1%)
Singapore$642 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Micronesia WERE (2022 - 2023):
South Korea-$20.4k (-100%)
Philippines-$1.13k (-100%)
Spain-$257 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Micronesia's main exporting competitors in Chemical Products were:
In 2023, Micronesia's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

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

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