Ireland (IRL) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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Ireland-Micronesia Trade: In 2022, Ireland exported $4.53k to Micronesia. The main products that Ireland exported to Micronesia were Medical Instruments ($3.95k) and Plastic Pipes ($578). Over the past 19 years the exports of Ireland to Micronesia have increased at an annualized rate of 2.55%, from $2.81k in 2003 to $4.53k in 2022.

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

Micronesia-Ireland Trade: In 2022, Micronesia exported $220k to Ireland. The main products that Micronesia exported to Ireland were Broadcasting Equipment ($135k), Non-Knit Women's Suits ($78.5k), and Non-Knit Women's Shirts ($3.44k). Over the past 19 years the exports of Micronesia to Ireland have increased at an annualized rate of 43.8%, from $17.3k in 2003 to $220k in 2022.

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

Comparison In 2022, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Micronesia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Micronesia were . In N/A the top imports of Ireland from Micronesia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Micronesia was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $4.53k to Micronesia. The main products exported from Ireland to Micronesia were Medical Instruments ($3.95k) and Plastic Pipes ($578). During the last 19 years the exports of Ireland to Micronesia have increased at an annualized rate of 2.55%, from $2.81k in 2003 to $4.53k in 2022.

In 2017, Micronesia exported $220k to Ireland. The main products exported from Micronesia to Ireland were Broadcasting Equipment ($135k), Non-Knit Women's Suits ($78.5k), and Non-Knit Women's Shirts ($3.44k). During the last 5 years the exports of Micronesia to Ireland have increased at an annualized rate of 43.8%, from $17.3k in 2022 to $220k in 2017.

Exports from Ireland () to Micronesia () (2022)

Exports from Micronesia () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Micronesia
Top DestinationThailand$143M

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

In 2022, countries that imported more from Ireland than Micronesia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Micronesia than Ireland included Fiji ($1.5M).

Difference in imports from Micronesia () and Ireland () (2022)

Comparative Advantage Ireland - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Micronesia in the exports of Instruments ($3.95k) and Plastics and Rubbers ($578).

During 2017, Micronesia had a large net trade with Ireland in the exports of Machines ($136k), Textiles ($82.8k), and Instruments ($1.27k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Micronesia () (2022)

Exports from Micronesia () to Ireland () (2022)

Market Competitiveness

Difference in imports from Micronesia () and Ireland () (2022)

Comparative Advantage Ireland - Micronesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ireland () and Micronesia () (2022)

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