Micronesia - International trade

Thanks to its lack of exportable goods, Micronesia has traditionally run a large trade imbalance. In 1996, the trade deficit was $95 million, on exports of $73 million and imports of $168 million. The main exports of the Federated States of Micronesia are marine products, while the main imports are food, manufactured goods, machinery and equipment, beverages, and fuels. Micronesia's main trading partners are the United States, Japan, Australia, and Guam. In 1996, the United States supplied 73.2 percent of Micronesia's imports and Japan 11.9 percent.

Exchange rates: Micronesia
Jan 2001 1.0000
2000 1.0000
1999 1.0000
1998 1.0000
1997 1.0000
1996 1.0000
Note: US currency is used in the Federated States of Micronesia.
SOURCE: CIA World Factbook 2001 [ONLINE].
Also read article about Micronesia from Wikipedia

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