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Exports In 2022, Micronesia exported $165k in Foodstuffs, making it the 207th largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 7th most exported product in Micronesia. The main destination of Foodstuffs exports from Micronesia are: United States ($159k), South Korea ($4.1k), United Kingdom ($1.3k), France ($791), and Singapore ($146).

The fastest growing export markets for Foodstuffs of Micronesia between 2021 and 2022 were United States ($131k), South Korea ($4.1k), and France ($791).

Imports In 2022, Micronesia imported $27.6M in Foodstuffs, becoming the 201st largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 2nd most imported product in Micronesia. Micronesia imports Foodstuffs primarily from: United States ($10.7M), Thailand ($2.9M), Japan ($2.37M), Philippines ($2.25M), and Australia ($1.66M).

The fastest growing import markets in Foodstuffs for Micronesia between 2021 and 2022 were Philippines ($554k), Thailand ($292k), and Hong Kong ($175k).

Latest Trends

Nov 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 Foodstuffs. 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)$165k
IMPORTS (2022)$27.6M
NET TRADE (2022)-$27.4M

In 2022, Micronesia exported $165k in Foodstuffs. The main destinations of Micronesia exports on Foodstuffs were United States ($159k), South Korea ($4.1k), United Kingdom ($1.3k), France ($791), and Singapore ($146).

In 2022, Micronesia imported $27.6M in Foodstuffs, mainly from United States ($10.7M), Thailand ($2.9M), Japan ($2.37M), Philippines ($2.25M), and Australia ($1.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Micronesia WERE (2021 - 2022):
United States$131k (468%)
South Korea$4.1k (1%)
France$791 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Micronesia WERE (2021 - 2022):
Singapore-$35.6k (-99.6%)
Japan-$6.78k (-100%)
United Kingdom-$5.06k (-79.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Micronesia's main exporting competitors in Foodstuffs were:
In 2022, Micronesia's main importing competitors in Foodstuffs were:

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

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

See methodology.

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