China / Micronesia

Overview In July 2024, China exported $2.17M and imported $6.46M from Micronesia, resulting in a negative trade balance of $4.28M. Between July 2023 and July 2024 the exports of China have decreased by $-665k (-23.4%) from $2.84M to $2.17M, while imports increased by $4.91M (319%) from $1.54M to $6.46M.

Trade In July 2024, the top exports of China to Micronesia were Refrigerators ($273k), Other Plastic Sheetings ($222k), Other Iron Products ($142k), Particle Board ($120k), and Other Plastic Products ($117k). In July 2024 the top imports of China from Micronesia were Commodities not elsewhere specified ($511), Trunks and Cases ($281), and Non-Knit Women's Suits ($192).

Origins In July 2024 the exports of China were mainly from Guangdong Province ($639k), Fujian Province ($407k), Shandong Province ($264k), Zhejiang Province ($198k), and Beijing ($131k), while imports destinations were mainly Zhejiang Province ($6.46M), Shandong Province ($335), and Guangdong Province ($1).

Growth In July 2024, the decrease in China's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in Prefabricated Buildings ($-288k or -92.2%), Toilet Paper ($-219k or -99.6%), and Sanitary towels (pads) ($-92.8k or -88.2%). In July 2024, the increase in China's year-by-year imports  from Micronesia was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($254 or 98.8%).