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2022
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Exports $14.5MRnk 161 / 211
2022
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Top Product $3.42MCars
2022
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Exports $8.37MRnk 3 / 52
2022
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Top Product $4.56MNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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GDP$4.23TCURRENT US$
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2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$427MCURRENT US$
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2012-2022
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GDP GROWTH30.5%CURRENT US$
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2022
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GDP PC $33,815CURRENT US$
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2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
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2022
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GDP PC$3,741CURRENT US$
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2012-2022
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GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Japan-Micronesia In 2022, Japan exported $14.5M to Micronesia. The main products that Japan exported to Micronesia are Cars ($3.42M), Refrigerators ($1.97M), and Delivery Trucks ($1.7M). During the last 27 years the exports of Japan to Micronesia have decreased at an annualized rate of 0.5%, from $16.6M in 1995 to $14.5M in 2022.

In 2022, Japan did not export any services to Micronesia.

Micronesia-Japan In 2022, Micronesia exported $8.37M to Japan. The main products that Micronesia exported to Japan were Non-fillet Frozen Fish ($4.56M), Fish Fillets ($3.8M), and Aircraft Parts ($1.86k). During the last 27 years the exports of Micronesia to Japan have decreased at an annualized rate of 7.56%, from $69.8M in 1995 to $8.37M in 2022.

In 2022, Micronesia did not export any services to Japan.

Comparison In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($728B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Japan exported ¥177M and imported ¥18.4M from Micronesia, resulting in a positive trade balance of ¥158M. Between February 2023 and February 2024 the exports of Japan have increased by ¥68.3M (63.1%) from ¥108M to ¥177M, while imports decreased by ¥-24.4M (-57%) from ¥42.9M to ¥18.4M.

Trade In February 2024, the top exports of Japan to Micronesia were Cars (¥32.6M), Delivery Trucks (¥24.5M), Processed Fish (¥16.3M), Stranded Iron Wire (¥12.9M), and Spark-Ignition Engines (¥9.08M). In February 2024 the top imports of Japan from Micronesia were Fish Fillets (¥65.8M), Non-fillet Frozen Fish (¥22.5M), and Other Clocks and Watches (¥201k).

Origins In February 2024 the exports of Japan were mainly from Kanagawa (¥72.3M), Hyōgo (¥63.6M), Shizuoka (¥14.3M), Chiba (¥7.51M), and Osaka (¥5.54M), while imports destinations were mainly Shizuoka (¥18.4M).

Growth In February 2024, the increase in Japan's year-by-year exports to Micronesia was explained primarily by an increase in product exports in Processed Fish (¥15.8M or 3.18k%), Delivery Trucks (¥11.6M or 89.9%), and Cars (¥9.76M or 42.7%). In February 2024, the decrease in Japan's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish (¥-87.3M or -79.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)¥68.3M(63.1%)
IMPORT GROWTH (February 2023 - February 2024)¥-24.4M(-57%)
MAIN EXPORTER (February 2024)Kanagawa¥72.3M

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Micronesia and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $14.5M to Micronesia. The main products exported from Japan to Micronesia were Cars ($3.42M), Refrigerators ($1.97M), and Delivery Trucks ($1.7M). During the last 27 years the exports of Japan to Micronesia have decreased at an annualized rate of 0.5%, from $16.6M in 1995 to $14.5M in 2022.

In 2022, Micronesia exported $8.37M to Japan. The main products exported from Micronesia to Japan were Non-fillet Frozen Fish ($4.56M), Fish Fillets ($3.8M), and Aircraft Parts ($1.86k). During the last 27 years the exports of Micronesia to Japan have decreased at an annualized rate of 7.56%, from $69.8M in 1995 to $8.37M in 2022.

Exports from Japan (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Micronesia
Top DestinationThailand$143M

This map shows whether countries import more from Japan or Micronesia. Each country is colored based on the difference in imports they receive from Japan and Micronesia or the difference in the growth in imports.

In 2021, countries that imported more from Japan than Micronesia were United States ($137B), China ($135B), and South Korea ($50.8B).

In 2019, no countries were registered that imported more from Micronesia than from Japan.

Difference in imports from Micronesia (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Micronesia

Flow
Scale

This chart compares trade between Japan and Micronesia by product, considering products traded by both, Japan and Micronesia.

During 2022, Japan had a large net trade with Micronesia in the exports of Transportation ($5.52M), Machines ($4.66M), and Foodstuffs ($2.37M).

During 2022, Micronesia had a large net trade with Japan in the exports of Animal Products ($8.36M), Transportation ($1.86k), and Miscellaneous ($1.61k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Japan has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over Japan.

Product Space of Japan (Flag) and Micronesia (Flag) (2022)

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