This release gives information on the international merchandise trade statistics by value and country of origin and destination for the Federated States of Micronesia (FSM). Appendix1 contains data for FSM as a whole, and Appendix 2 contains Technical Notes to assist users understand imports better.
Value of Imports and Exports: Total imports in 2021 was $253,832 thousand and total exports was $114,680 thousand. Compared to 2020, imports increased by $40,852 thousand (19%) and total exports decreased by 10,617 thousand (8%).
Balance of Trade: In 2021, the trade deficit was reported at $-139,152 thousand. When compared to the 2020 deficit of $-87,683 thousand, the deficit is lower by 59%. The lower deficit is driven by the incline in imports and decline in exports.
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