Products Imported from China to Micronesia

In the calendar year of 2023, China exported goods worth US$30.4 million to Micronesia. Among the main exports from China to Micronesia were Passenger and Cargo Ships (US$6.24 million), Prefabricated Buildings (US$1.32 million), Plastic Housewares (US$1.15 million), Toilet Paper (US$1.04 million) and Pasta (US$0.96 million). Over the span of 28 years, China’s exports to Micronesia have grown steadily at an annualized rate of 11.3%, rising from US$1.68 million in 1995 to US$30.4 million in 2023.

List of All Products That Were Imported from China to Micronesia

The table below presents a comprehensive list of all commodities that were exported from China to Micronesia in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Micronesia market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Micronesia.

Trade Agreements between China and Micronesia

The economic relations between China and the Federated States of Micronesia (FSM) are relatively modest and not characterized by formal trade agreements as prominently as China’s relationships with larger nations. Instead, the interactions are largely defined by diplomatic ties and development aid, which indirectly influence trade and economic activities. Here are some of the key aspects of China’s engagement with Micronesia:

1. Diplomatic Relations and Aid: China and the Federated States of Micronesia established diplomatic relations in 1989. Since then, China has provided various forms of economic assistance to Micronesia, which, while not traditional trade agreements, are crucial for economic interaction. This aid often targets infrastructure projects, including roads, public buildings, and utilities, which can indirectly facilitate economic development and trade capacity in Micronesia.
2. Regional Cooperation: Micronesia engages with China through broader Pacific regional initiatives. China participates in several multilateral forums and economic cooperation groups involving Pacific Island These platforms often focus on sustainable development, climate change mitigation, and economic aid, which benefit Micronesia indirectly by bolstering its infrastructure and economic resilience.
3. Chinese Technical and Medical Assistance Programs: China has provided technical and medical assistance to Micronesia, including sending medical teams and offering scholarships for Micronesian students to study in China. These programs help build capacity and foster goodwill, strengthening bilateral ties that support other forms of economic cooperation.
4. Investment Projects: Chinese investment in Micronesia, although limited, includes some direct investment in infrastructure and development projects. These investments help improve local facilities and services, potentially increasing Micronesia’s attractiveness as a trade and economic partner.

In summary, while there are no specific, prominent trade agreements directly cited between China and the Federated States of Micronesia, their economic relations are shaped by diplomatic support, development aid, and participation in regional initiatives. These interactions help build infrastructure and capacity in Micronesia, indirectly supporting economic and trade activities.