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2022
Flag → Flag
Exports $14.5MRnk 161 / 211
2022
Flag → Flag
Top Product $3.42MCars
2022
Flag → Flag
Exports $8.37MRnk 3 / 52
2022
Flag → Flag
Top Product $4.56MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
Flag
 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
Flag
GDP PC$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Japan-Micronesia Trade: In 2022, Japan exported $14.5M to Micronesia. The main products that Japan exported to Micronesia were Cars ($3.42M), Refrigerators ($1.97M), and Delivery Trucks ($1.7M). Over the past 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 11.4%, from $26.5M in 2017 to $14.5M in 2022.

In 2022, Japan did not export any services to Micronesia.

Micronesia-Japan Trade: In 2022, Micronesia exported $8.37M to Japan. The main products that Micronesia exported to Japan were Non-fillet Frozen Fish ($4.56M), Fish Fillets ($3.8M), and Aircraft Parts ($1.86k). Over the past 5 years the exports of Micronesia to Japan have increased at an annualized rate of 4.38%,  from $6.75M in 2017 to $8.37M in 2022.

In 2022, Micronesia did not export any services to Japan.

Comparison In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($728B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥231M and imported ¥46.3M from Micronesia, resulting in a positive trade balance of ¥185M. Between June 2023 and June 2024 the exports of Japan have increased by ¥68.4M (42.1%) from ¥163M to ¥231M, while imports decreased by ¥-21.2M (-31.4%) from ¥67.6M to ¥46.3M.

Trade In June 2024, the top exports of Japan to Micronesia were Cars (¥32.6M), Delivery Trucks (¥24.5M), Processed Fish (¥16.3M), Stranded Iron Wire (¥12.9M), and Spark-Ignition Engines (¥9.08M). In June 2024 the top imports of Japan from Micronesia were Fish Fillets (¥65.8M), Non-fillet Frozen Fish (¥22.5M), and Other Clocks and Watches (¥201k).

Origins In June 2024 the exports of Japan were mainly from Hyōgo (¥65.1M), Kanagawa (¥59.8M), Osaka (¥50.7M), Chiba (¥19.6M), and Kagoshima (¥13.9M), while imports destinations were mainly Kanagawa (¥27.1M) and Shizuoka (¥19.3M).

Growth In June 2024, the increase in Japan's year-by-year exports to Micronesia was explained primarily by an increase in product exports in Processed Fish (¥15.8M or 3.18k%), Delivery Trucks (¥11.6M or 89.9%), and Cars (¥9.76M or 42.7%). In June 2024, the decrease in Japan's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish (¥-87.3M or -79.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥68.4M(42.1%)
IMPORT GROWTH (June 2023 - June 2024)¥-21.2M(-31.4%)
MAIN EXPORTER (June 2024)Hyōgo¥65.1M

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

To check Micronesia and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $14.5M to Micronesia. The main products exported from Japan to Micronesia were Cars ($3.42M), Refrigerators ($1.97M), and Delivery Trucks ($1.7M). During the last 5 years the exports of Japan to Micronesia have decreased at an annualized rate of 11.4%, from $26.5M in 2017 to $14.5M in 2022.

In 2017, Micronesia exported $8.37M to Japan. The main products exported from Micronesia to Japan were Non-fillet Frozen Fish ($4.56M), Fish Fillets ($3.8M), and Aircraft Parts ($1.86k). During the last 5 years the exports of Micronesia to Japan have increased at an annualized rate of 4.38%, from $6.75M in 2022 to $8.37M in 2017.

Exports from Japan (Flag) to Micronesia (Flag) (2022)

Exports from Micronesia (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Micronesia
Top DestinationThailand$143M

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

In 2022, countries that imported more from Japan than Micronesia included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, no countries were registered that imported more from Micronesia than from Japan.

Difference in imports from Micronesia (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Micronesia

Flow
Scale

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

During 2022, Japan had a large net trade with Micronesia in the exports of Transportation ($5.52M), Machines ($4.66M), and Foodstuffs ($2.37M).

During 2017, Micronesia had a large net trade with Japan in the exports of Animal Products ($8.36M), Transportation ($1.86k), and Miscellaneous ($1.61k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Micronesia+N/AN/A
Top Product Potential Micronesia Japan+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and Micronesia. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Micronesia. Similarly, a dot/product with the flag of Micronesia indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Micronesia (Flag) (2022)

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