Micronesia
Compare Micronesia →FS Micronesia · FM · FSM · BACI 583 · latest data 2024
Exports
= $330 M95.6% over 5 yrs (up)
Imports
= $159 M31.6% over 5 yrs (up)
Trade balancesurplus
= $171 M
Total trade
= $489 M68.9% over 5 yrs (up)
- World position
- #173 of 225 exporters · bottom half · #209 of 225 importers · bottom half · 2024
- World export share since 1995
- ±0.0 pp
Trade timeline
Micronesia's exports grew from $120M in 1995 to $330M in 2024; the 2024 balance was $171M.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 1995 | $120 M | $54 M | $66 M | $174 M |
| 1996 | $55 M | $51 M | $4 M | $105 M |
| 1997 | $40 M | $58 M | −$18 M | $98 M |
| 1998 | $41 M | $66 M | −$25 M | $107 M |
| 1999 | $54 M | $56 M | −$2 M | $110 M |
| 2000 | $68 M | $79 M | −$11 M | $147 M |
| 2001 | $98 M | $78 M | $20 M | $176 M |
| 2002 | $82 M | $101 M | −$19 M | $183 M |
| 2003 | $94 M | $122 M | −$28 M | $216 M |
| 2004 | $77 M | $156 M | −$79 M | $233 M |
| 2005 | $56 M | $138 M | −$82 M | $194 M |
| 2006 | $40 M | $158 M | −$118 M | $198 M |
| 2007 | $32 M | $175 M | −$143 M | $207 M |
| 2008 | $34 M | $179 M | −$145 M | $213 M |
| 2009 | $57 M | $210 M | −$153 M | $267 M |
| 2010 | $63 M | $175 M | −$112 M | $239 M |
| 2011 | $58 M | $212 M | −$154 M | $271 M |
| 2012 | $87 M | $243 M | −$156 M | $331 M |
| 2013 | $43 M | $221 M | −$178 M | $264 M |
| 2014 | $36 M | $138 M | −$102 M | $173 M |
| 2015 | $23 M | $162 M | −$138 M | $185 M |
| 2016 | $63 M | $171 M | −$108 M | $233 M |
| 2017 | $96 M | $200 M | −$103 M | $296 M |
| 2018 | $125 M | $122 M | $3 M | $247 M |
| 2019 | $169 M | $121 M | $48 M | $289 M |
| 2020 | $151 M | $133 M | $18 M | $284 M |
| 2021 | $199 M | $124 M | $76 M | $323 M |
| 2022 | $211 M | $147 M | $64 M | $357 M |
| 2023 | $190 M | $126 M | $64 M | $316 M |
| 2024 | $330 M | $159 M | $171 M | $489 M |
Trading partners
Thailand was Micronesia's top trading partner in 2024, at 42.2% of total trade; the top five partners covered 87.9%.
- Top partner share
- 42.2%
- Top-5 share
- 87.9%
- Partners
- 53
- Partner HHI (0–1)
- 0.259
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| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | Thailand | $202 M | $4 M | $206 M | $198 M |
| #2 | China | $93 M | $30 M | $123 M | $63 M |
| #3 | United States | $2 M | $41 M | $43 M | −$39 M |
| #4 | Other Asia, nes | $0 M | $33 M | $33 M | −$33 M |
| #5 | Philippines | $17 M | $7 M | $24 M | $10 M |
| #6 | Japan | $7 M | $14 M | $20 M | −$7 M |
| #7 | South Korea | $3 M | $6 M | $8 M | −$3 M |
| #8 | Australia | $0 M | $7 M | $7 M | −$6 M |
| #9 | Ecuador | $4 M | $0 M | $4 M | $4 M |
| #10 | New Zealand | $0 M | $4 M | $4 M | −$4 M |
| #11 | Singapore | $0 M | $3 M | $3 M | −$3 M |
| #12 | Malaysia | $0 M | $1 M | $2 M | −$1 M |
| #13 | Hong Kong | $0 M | $2 M | $2 M | −$2 M |
| #14 | Indonesia | $0 M | $2 M | $2 M | −$2 M |
| #15 | Spain | $0 M | $1 M | $1 M | −$1 M |
Products & sectors
Product composition of Micronesia's trade in 2024.
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The product table loads with the product data for 2024.
Concentration & risk
Micronesia's export partners concentrated over 1995–2024 — HHI 0.449 → 0.458, a concentrated export base across 47 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 1995 | 0.449 | 0.256 | 10 | 18 |
| 1996 | 0.428 | 0.308 | 12 | 19 |
| 1997 | 0.359 | 0.252 | 19 | 28 |
| 1998 | 0.341 | 0.311 | 13 | 22 |
| 1999 | 0.352 | 0.248 | 20 | 27 |
| 2000 | 0.375 | 0.160 | 26 | 33 |
| 2001 | 0.422 | 0.170 | 36 | 32 |
| 2002 | 0.345 | 0.126 | 36 | 33 |
| 2003 | 0.377 | 0.182 | 30 | 65 |
| 2004 | 0.383 | 0.167 | 35 | 70 |
| 2005 | 0.605 | 0.178 | 37 | 63 |
| 2006 | 0.395 | 0.188 | 37 | 73 |
| 2007 | 0.204 | 0.195 | 46 | 60 |
| 2008 | 0.314 | 0.194 | 45 | 68 |
| 2009 | 0.288 | 0.212 | 43 | 59 |
| 2010 | 0.212 | 0.203 | 44 | 67 |
| 2011 | 0.312 | 0.181 | 49 | 72 |
| 2012 | 0.312 | 0.184 | 44 | 60 |
| 2013 | 0.238 | 0.165 | 55 | 74 |
| 2014 | 0.219 | 0.216 | 45 | 34 |
| 2015 | 0.311 | 0.161 | 48 | 40 |
| 2016 | 0.385 | 0.178 | 46 | 40 |
| 2017 | 0.495 | 0.160 | 37 | 37 |
| 2018 | 0.364 | 0.165 | 41 | 41 |
| 2019 | 0.523 | 0.162 | 46 | 40 |
| 2020 | 0.613 | 0.195 | 41 | 35 |
| 2021 | 0.658 | 0.170 | 58 | 40 |
| 2022 | 0.647 | 0.202 | 54 | 42 |
| 2023 | 0.447 | 0.190 | 58 | 38 |
| 2024 | 0.458 | 0.161 | 47 | 36 |
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