Micronesia

On this page you will find beneficial information regarding foreign direct investment in / trading with Micronesia. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.

It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.

Type of Government:  Federal Assembly-Independent Representative Democratic Republic
Population: 114,164 (2022)
GDP: 0.42 billion USD (2022)
Corporate Tax Rate: 21%
Personal Income Tax Rate: 10%
Major Exports: The top exports of Micronesia are Non-fillet Frozen Fish ($175M), Fish Fillets ($4.22M), Integrated Circuits ($763k), Non-Knit Women's Suits ($500k), and Aircraft Parts ($342k), exporting mostly to Thailand ($143M), Philippines ($22.7M), Japan ($8.37M), Ecuador ($3.47M), and United States ($1.77M).
Major Imports: The top imports of Micronesia are Poultry Meat ($6.41M), Passenger and Cargo Ships ($6.24M), Refined Petroleum ($5.83M), Special purpose motor vehicles ($4.44M), and Cars ($3.85M), importing mostly from United States ($53.9M), China ($30.4M), Japan ($14.5M), South Korea ($12M), and Chinese Taipei ($6.99M).