International Merchandise Trades

International Merchandise Trades for 2017

Federated States of Micronesia

 

During 2008 to 2017 the value of imports to the FSM exceeded the value of exports. The merchandise trade deficit fluctuated over this period, peaking at $152 million in 2013. The deficit remains was about $137 million in both 2016 and 2017.

In 2017 imports were recorded at 183.4 million and exports at 45.9 million. Food, beverage and tobacco imports total to 39.3 million (21% of total imports). Rice, poultry, canned meat, and beer topped the list of food imports. The main item of export in 2017 continues to be offshore fish, at an estimated value of $31.2 million (80% of total exports). Other major items of exports include betel nuts (5.4 million) and kava (0.8 million).

Major export trading partners are Thailand (24.4 million) and Taiwan (6.8 million).

 


Brihmer S. Johnson
Assistant Secretary for Statistics
Department of Resources & Development