Micronesia is the 187th of 226 export economies in the world In 2220, Micronesia exported $122m ($118m of this being fish products) and imported $132M, (spread over a broad range of products, 50% of which came from the USA) resulting in a negative trade balance of $4M. (down from$142m In 2015) (Source Observatory of Economic Complexity)
Many traditional foods including fish and coconut, taro and breadfruit products as well as pork and chicken are grown at the community level. However there is a large reliance on imported foods. Food is retailed through 4 main supermarkets in the retail space and provide a small wholesaling function attached to their main retail form of business. These supermarkets Ace, A-One Mart, Palm Terrace and Yoshis are the main food importers into the country. They can, along with other local entrepreneurs import additional food stocks and other items as required.
There is no food processing industry in FSM.
The supermarket and hardware stores, given the diversity of products they import and the existing connections they have, will be able to import a wide range of goods for humanitarian response however supplies of bulk food will need to be imported to meet additional humanitarian requirements.
All other goods from computers and white goods, vehicles, plant and equipment and all spare parts are imported.
Re-supply from the USA is 3-4 weeks for shipping and from Japan, Australia and NZ it is 5-6 weeks but actual delivery will generally be much longer due to current global supply chain delays.
The type and quality of goods will need to be monitored closely as lower quality, cheaper goods are generally what is imported and stocked throughout retail outlets.
Generic country information can be located from sources that are regularly maintained and reflect current facts and figures. For a general overview of country data related to the service and supply sectors, please consult the following sources:
The Observatory of Economic Complexity – MIT (OEC): https://oec.world/en/profile/country/fsm
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