2022
Exports
$2.23kWorld Rnk 212 / 221
Flag Rnk 31 / 42
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal
0.3Rnk 451 / 1025
2022
Imports
$3.84MWorld Rnk 195 / 226
Flag Rnk 12 / 82

About

Exports In 2022, Micronesia exported $2.23k in Wood, wood articles, & charcoal, making it the 212th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 31st most exported product in Micronesia. The main destination of Wood, wood articles, & charcoal exports from Micronesia are: United States ($2.08k) and Belgium ($154).

The fastest growing export markets for Wood, wood articles, & charcoal of Micronesia between 2021 and 2022 were Belgium ($154).

Imports In 2022, Micronesia imported $3.84M in Wood, wood articles, & charcoal, becoming the 195th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 12th most imported product in Micronesia. Micronesia imports Wood, wood articles, & charcoal primarily from: United States ($2.64M), New Zealand ($842k), China ($138k), South Korea ($110k), and Chinese Taipei ($72.3k).

The fastest growing import markets in Wood, wood articles, & charcoal for Micronesia between 2021 and 2022 were United States ($222k), New Zealand ($185k), and South Korea ($19.7k).

Latest Trends

Jul 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 Wood, wood articles, & charcoal. 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)$2.23k
IMPORTS (2022)$3.84M
NET TRADE (2022)-$3.84M

In 2022, Micronesia exported $2.23k in Wood, wood articles, & charcoal. The main destinations of Micronesia exports on Wood, wood articles, & charcoal were United States ($2.08k) and Belgium ($154).

In 2022, Micronesia imported $3.84M in Wood, wood articles, & charcoal, mainly from United States ($2.64M), New Zealand ($842k), China ($138k), South Korea ($110k), and Chinese Taipei ($72.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Micronesia WERE (2021 - 2022):Belgium$154 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Micronesia WERE (2021 - 2022):United States-$6.35k (-75.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Micronesia's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Micronesia's main importing competitors in Wood, wood articles, & charcoal were:

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

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

Wood, wood articles, & charcoal’s highest export potential is N/A. With an export gap of N/A.   Wood, wood articles, & charcoal’s highest import potential is N/A with an import gap of N/A.

See methodology.

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