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.