Promote:
Export from Micronesia
A short guide for companies selling from Micronesia: the export figures, the agreements and their limits, the main steps and who can help, each with its source.
1. What Micronesia sells, and who buys it
Goods exportsEstimate
US$173.5 million
Merchandise exports were US$173,543 thousand in 2023, provisional, on the Statistics Division principal exports table, fuel re-exports included; exports are valued free on board.
Source: FSM Statistics Division, trade tables workbook, 2023 (opens in a new tab) · as of 2023
Largest export lineEstimate
93.0%
Offshore fish was 93 percent of 2023 merchandise exports, a provisional figure, the Statistics Division reports.
Source: FSM Statistics Division, merchandise trade press release, 2023 (opens in a new tab) · as of 2023
Top goods exports
2023
- 1. Offshore fishUS$161.1 million
- 2. Fuel re-exportsUS$8.8 million
- 3. Betel nutUS$2.34 million
- 4. Reef fishUS$466,405
- 5. KavaUS$222,241
- 6. Live clamsUS$215,580
- 7. Cooked foodUS$101,066
- 8. Recycled aluminum cansUS$90,249
Show 7 more products
- 9. Crab and lobsterUS$65,880
- 10. Other marine productsUS$47,934
- 11. Other agricultural productsUS$23,639
- 12. CitrusUS$22,319
- 13. Piper leavesUS$20,446
- 14. CopraUS$9,893
- 15. HandicraftsUS$9,660
- The Division says the rise in exports from 2020 is due to the National Fisheries Corporation commencing operations; offshore fish was 93 percent of 2023 exports. Source (opens in a new tab)
- The Division says state trade balances do not add to the national export total because of offshore fish exported to Japan and other countries; state totals leave it out. Source (opens in a new tab)
- Fuel re-exports were 5 percent of 2023 exports, the Division reports, and stay in the total; the line is ranked but never suggested, because it is a re-export. Source (opens in a new tab)
- The commodity table has no tariff codes, so lines carry the Division's own names, and 2022 values come from the same table. Source (opens in a new tab)
- Garments were 0 in 2023 and are not ranked; other agricultural and other marine products are the Division's own catch-all groups. Source (opens in a new tab)
- UN Comtrade holds no report from the country after 2013, so no partner reports cross-check these values. Source (opens in a new tab)
- Values are in thousands of United States dollars, free on board, as the Division publishes them, and may be revised. Source (opens in a new tab)
Source: FSM Statistics Division, trade tables workbook, 2023 (opens in a new tab) · as of 2023
Where the goods go
2023, share of goods exports
- Thailand67.3%
- Japan23.7%
- Philippines1.8%
- Guam1.1%
- Northern Mariana Islands0.5%
- United States (mainland)0.3%
- Marshall Islands0.1%
- United States (Hawaii)0.1%
- Shares use the partner table's own 2023 total of US$173,542.74 thousand, which differs slightly from the principal exports total of US$173,543.19 thousand. Source (opens in a new tab)
- The table's Others line, 5.1 percent of exports, is a grouping left out of the ranking and kept in the total. Source (opens in a new tab)
- The office lists Guam, the Northern Mariana Islands, Hawaii and the United States mainland as separate partners, and the shares follow its rows. Source (opens in a new tab)
Source: FSM Statistics Division, trade tables workbook, 2023 (opens in a new tab) · as of 2023
- Three lines are at least 0.5 percent of 2023 exports and US$50 thousand: offshore fish, fuel re-exports and betel nut, so no line is added to fill the list. Source (opens in a new tab)
2. What to look into next
Our reading
The research marks betel nut, reef fish and kava as lines a small or mid-sized company could be in. If yours is one, check which markets buy that line, not only Micronesia’s top destinations overall.
Source: FSM Statistics Division, trade tables workbook, 2023 (opens in a new tab) · as of November 1, 2026
Based on: Top goods exports
Thailand takes 67.3% of Micronesia’s goods exports. If you sell there, its import rules and buyer channels come first; either way, compare at least one other market before you commit.
Source: FSM Statistics Division, trade tables workbook, 2023 (opens in a new tab) · as of November 1, 2026
Based on: Where the goods go
Promote:Global’s reading of the figures above, not a source’s statement, and not advice.
3. Trade agreements
What each arrangement can mean for a seller, and its limits. A preference is conditional: check the rules of origin before you quote.
Compact of Free Association between the United States of America and the Federated States of Micronesia, as amended
Goods grown or made in the country enter the United States duty-free if shipped directly with at least 35 percent local value, under General Note 10.
As of November 1, 2026, per the 2026 tariff schedule; canned tuna is capped and some textiles, footwear, watches and farm goods are excluded. Check your product's line before you quote.
Source: USITC, United States tariff schedule General Notes, 2026 (opens in a new tab) · as of 2026
South Pacific Regional Trade and Economic Co-operation Agreement (SPARTECA)
Australia and New Zealand give preferential duty to qualifying goods made in the Federated States of Micronesia, without the country cutting its own tariffs.
Non-reciprocal preference; as of November 1, 2026 the Australian Border Force lists the country as a party. Check the importing country origin rules before you quote.
Source: Australian Border Force, SPARTECA page, read November 2026 (opens in a new tab) · as of November 1, 2026
European Union Generalised System of Preferences
The standard preference lowers European Union duty on listed goods from the country; it is not duty-free access for all goods.
As of November 1, 2026 the country is in Annexes I and II of Regulation 978/2012; Regulation 2026/1395 lists it under Standard GSP from January 1, 2027. Check origin rules.
Source: European Union Publications Office, GSP Regulation 2026/1395, June 2026 (opens in a new tab) · as of June 22, 2026
Developing Countries Trading Scheme
The country is on the Enhanced Preferences tier, which gives reduced or zero United Kingdom duty on listed goods.
As of November 1, 2026 the country is on the GOV.UK tier list published June 19, 2023; rules-based preference, so check origin rules and the list before you quote.
Source: GOV.UK, Developing Countries Trading Scheme preference tiers (opens in a new tab) · as of June 19, 2023
Show 1 more agreement
Pacific Agreement on Closer Economic Relations Plus (PACER Plus)
The country is not a party, so its sellers get no PACER Plus tariff cuts in Australia or New Zealand and rely on SPARTECA instead.
The PACER Plus unit lists ten parties as of November 1, 2026 and names no entry for the country.
Source: PACER Plus unit, What is PACER Plus, read November 2026 (opens in a new tab) · as of November 1, 2026
4. Steps to export
The main steps, in order, each with the body responsible and its official page.
Exporting from Micronesia
- Apply for a national business license as an exporter, with a state governor endorsement and a customs check that taxes are paid.Department of Resources and DevelopmentOfficial page (opens in a new tab)
Source: FSM business license application form for importers and exporters (opens in a new tab) · as of November 1, 2026
- Hold a NORMA fishing or support permit if you export fish caught or carried by your vessels.National Oceanic Resource Management AuthorityOfficial page (opens in a new tab)
Source: NORMA, licensing page, read November 2026 (opens in a new tab) · as of November 1, 2026
- Before export, hold any permit or license the nation or the exporting state requires for a prohibited or restricted good; customs checks it at export.Customs & Tax AdministrationOfficial page (opens in a new tab)
Source: FSM Code, title 54 chapter 2, duties and customs (opens in a new tab) · as of 2014
- Lodge your goods with customs for electronic processing through ASYCUDAWorld.Customs & Tax AdministrationOfficial page (opens in a new tab)
Source: FSM Finance and Administration, Customs and Tax Administration page, 2026 (opens in a new tab) · as of November 1, 2026
Show 1 more export step
- Apply to the Secretary for a refund of import duty on inputs processed in the country and then exported.Customs & Tax AdministrationOfficial page (opens in a new tab)
Source: FSM Code, title 54 chapter 2, duties and customs (opens in a new tab) · as of 2014
5. Organizations that help exporters
Start with CTA and FSM Statistics. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
- The guide lists every national body found with evidence dated 2025 or later; no chamber of commerce or business association qualified. Source (opens in a new tab)
Export development and market information
- Research markets
National statistics office
FSM Statistics
FSM Division of Statistics
Publishes merchandise trade, consumer price and other national statistics tables.
- Get advice
Regional trade and investment agency
Pacific Trade Invest
Regional body
Supports Pacific businesses that want to export or attract investment, through resources and services.
Visit Pacific Trade Invest (opens in a new tab)Source: Pacific Trade Invest, home page, read November 2026 (opens in a new tab) · as of November 1, 2026
Show 1 more organization
- Find finance
National development bank
FSMDB
FSM Development Bank
Lends to projects owned by citizens, or by foreign companies with at least 25 percent citizen ownership, through business term loans and lines of credit.
Visit FSMDB (opens in a new tab)Source: FSM Development Bank, home page with news to October 2026 (opens in a new tab) · as of November 1, 2026
Customs and tax
- Meet requirements
Customs and tax authority
CTA
Customs & Tax Administration
Collects customs duties and national taxes, registers taxpayers and runs electronic customs processing.
Visit CTA (opens in a new tab)Source: FSM Finance and Administration, Customs and Tax Administration page, 2026 (opens in a new tab) · as of November 1, 2026
Standards and sector requirements
- Meet requirements
Fisheries regulator
NORMA
National Oceanic Resource Management Authority
Issues fishing, support and flag permits for the exclusive economic zone through an online licensing system.
Visit NORMA (opens in a new tab)Source: NORMA, licensing page, read November 2026 (opens in a new tab) · as of November 1, 2026
- Meet requirements
Bank regulator
FSMBB
Banking Board of the Federated States of Micronesia
Licenses and supervises banks in the country, which an investor in banking must deal with.
Visit FSMBB (opens in a new tab)Source: FSM Banking Board, home page and mandate (opens in a new tab) · as of November 1, 2026
6. Worth knowing
Fish dependence
Offshore fish was 93 percent of 2023 exports, and the Statistics Division ties the rise since 2020 to the National Fisheries Corporation commencing operations.
What to do: Read the export total as a fish figure and look at other lines separately.
Sources: FSM Statistics Division, trade tables workbook, 2023 (opens in a new tab); FSM Statistics Division, merchandise trade press release, 2023 (opens in a new tab) · as of November 1, 2026
Trade data gap
UN Comtrade holds no report from the country after 2013, so the Statistics Division tables are the only recent source.
What to do: Quote the Division tables and check the importing country records before you set a price.
Sources: UN Comtrade, data availability by reporter, read from shared copy (opens in a new tab); FSM Statistics Division, merchandise trade release, 2023 (opens in a new tab) · as of November 1, 2026
United States market access
As of November 1, 2026, General Note 10 gives the country's goods duty-free United States entry if shipped directly with at least 35 percent local value.
What to do: Check the current United States tariff schedule for your product before you quote.
Sources: USITC, United States tariff schedule General Notes, 2026 (opens in a new tab); Public Law 108-188, Compact trade article, 2003 (opens in a new tab) · as of November 1, 2026
7. How Promote:Global helps
- Compare potential export marketsSee which markets import what you sell, ranked on public trade data, and read each country before you commit.
- Check duties and document requirementsCheck the duty, the origin conditions for a preferential rate and the documents a shipment needs.
- Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
Turn this guide into your Micronesia project.
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Promote:Micronesia is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of November 1, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.