For that indicator, The World Bank provides data for Micronesia from 1983 to 2018. The average value for Micronesia during that period was -56.47 percent with a minimum of -80.94 percent in 1983 and a maximum of -29.9 percent in 2018.
The latest value from 2018 is -29.9 percent. For comparison, the world average in 2018 based on 134
countries is -4.82 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The trade balance for Micronesia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).