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Pricing

2022
Flag → Flag
Exports $53.9MRnk 175 / 219
2022
Flag → Flag
Top Product $6.37MPoultry Meat
2022
Flag → Flag
Exports $1.77MRnk 5 / 52
2022
Flag → Flag
Top Product $423kFish Fillets
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
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GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$3,741CURRENT US$
Rnk 126 / 186
2012-2022
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GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

United States-Micronesia In 2022, United States exported $53.9M to Micronesia. The main products that United States exported to Micronesia are Poultry Meat ($6.37M), Special purpose motor vehicles ($4.04M), and Other Electrical Machinery ($2.5M). During the last 27 years the exports of United States to Micronesia have increased at an annualized rate of 3.74%, from $20M in 1995 to $53.9M in 2022.

In 2022, United States did not export any services to Micronesia.

Micronesia-United States In 2022, Micronesia exported $1.77M to United States. The main products that Micronesia exported to United States were Fish Fillets ($423k), Live Fish ($199k), and Coral and Shells ($145k). During the last 27 years the exports of Micronesia to United States have decreased at an annualized rate of 7.15%, from $13.1M in 1995 to $1.77M in 2022.

In 2022, Micronesia did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

COMPANIES In 2023, leading companies such as PVH CORPORATION (21) were at the forefront of exporting goods from Micronesia to the United States. Conversely, INTRATEXT DE EL SALVADOR S.A DE C.V (18), CELERITAS MANUFACTURING, S.A.DE C V (2), and INTRATEXT DE EL SALVADOR SA DE CV (1) were notable for importing Micronesia products to the United States.

Latest Trends

February, 2024

About

Overview In February 2024, United States exported $3.31M and imported $101k from Micronesia, resulting in a positive trade balance of $3.21M. Between February 2023 and February 2024 the exports of United States have decreased by $-555k (-14.4%) from $3.86M to $3.31M, while imports decreased by $-33.9k (-25.1%) from $135k to $101k.

Trade In February 2024, the top exports of United States to Micronesia were Commodities not elsewhere specified ($473k), Electrical Transformers ($295k), Poultry Meat ($265k), Eggs ($199k), and Sawn Wood ($164k). In February 2024 the top imports of United States from Micronesia were Basketwork ($56.6k), Coral and Shells ($18.1k), Baby Carriages ($15.3k), Commodities not elsewhere specified ($13.1k), and Building Stone ($7.9k).

Origins In February 2024 the exports of United States were mainly from California ($2M), Florida ($357k), Oregon ($287k), Washington ($116k), and Hawaii ($24.1k), while imports destinations were mainly Oklahoma ($67.6k), California ($12.6k), New Jersey ($7.16k), Texas ($6.57k), and Hawaii ($5.52k).

Growth In February 2024, the decrease in United States's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in Other Prepared Meat ($-209k or -62%), Poultry Meat ($-193k or -42.2%), and Medical Instruments ($-96.2k or -91.1%). In February 2024, the decrease in United States's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-555k(-14.4%)
IMPORT GROWTH (February 2023 - February 2024)$-33.9k(-25.1%)
MAIN EXPORTER (February 2024)California$2M

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

To check Micronesia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $53.9M to Micronesia. The main products exported from United States to Micronesia were Poultry Meat ($6.37M), Special purpose motor vehicles ($4.04M), and Other Electrical Machinery ($2.5M). During the last 27 years the exports of United States to Micronesia have increased at an annualized rate of 3.74%, from $20M in 1995 to $53.9M in 2022.

In 2022, Micronesia exported $1.77M to United States. The main products exported from Micronesia to United States were Fish Fillets ($423k), Live Fish ($199k), and Coral and Shells ($145k). During the last 27 years the exports of Micronesia to United States have decreased at an annualized rate of 7.15%, from $13.1M in 1995 to $1.77M in 2022.

Exports from United States (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Micronesia
Top DestinationThailand$143M

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

In 2021, countries that imported more from United States than Micronesia were Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Micronesia (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Micronesia

Flow
Scale

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

During 2022, United States had a large net trade with Micronesia in the exports of Machines ($12.5M), Animal Products ($10.9M), and Foodstuffs ($10.7M).

During 2022, Micronesia had a large net trade with United States in the exports of Animal Products ($850k), Foodstuffs ($159k), and Machines ($151k).

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 United States has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over United States.

Product Space of United States (Flag) and Micronesia (Flag) (2022)

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