2021
Exports
$66.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2021
Imports
$5.83MWorld Rnk 214 / 225
Flag Rnk 3 / 567

About

Imports In 2022, Micronesia imported $5.83M in Refined Petroleum, becoming the 214th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Micronesia. Micronesia imports Refined Petroleum primarily from: South Korea ($4.25M), Singapore ($786k), United States ($355k), China ($165k), and Japan ($109k).

The fastest growing import markets in Refined Petroleum for Micronesia between 2021 and 2022 were South Korea ($4.12M), China ($165k), and Singapore ($143k).

Latest Trends

Mar 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 Refined Petroleum. 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 (2021)$66.1k
IMPORTS (2022)$5.83M
NET TRADE (2022)-$5.83M

In 2022, Micronesia imported $5.83M in Refined Petroleum, mainly from South Korea ($4.25M), Singapore ($786k), United States ($355k), China ($165k), and Japan ($109k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Micronesia WERE (N/A - 2021):
South Korea-$44k (-100%)
Japan-$12.6k (-100%)
Papua New Guinea-$9.47k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Micronesia's main exporting competitors in Refined Petroleum were:
In 2022, Micronesia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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