Micronesia (federated states of)

In 2013, the value of merchandise exports of Micronesia (Federated states of) decreased substantially by 38.7 percent to reach 27.6 mln US$, while its merchandise imports decreased slightly by 3.1 percent to reach 187.7 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 160.1 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed North America at -68.6 mln US$ (see graph 4). Merchandise exports in Micronesia (Federated states of) were highly concentrated amongst partners; imports were moderately concentrated. The top 2 partners accounted for 80 percent or more of exports and 6 partners accounted for 80 percent or more of imports (see graph 5). In 2008, the value of exports of services of Micronesia (Federated states of) increased moderately by 7.3 percent, reaching 26.3 mln US$, while its imports of services increased moderately by 7.9 percent and reached 64.1 mln US$ (see graph 2). There was a large trade in services deficit of 37.8 mln US$.

Related Subject(s): International Trade and Finance

Countries: Micronesia, Federated States of