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Micronesia (excluding intra-trade) Oilseeds Export value
What is Micronesia (excluding intra-trade)'s oilseeds export value (1000 usd)? As of 2023, it's 200.4 1000 USD, down from 1.3K 1000 USD in 2014.
| Label | Oilseeds Export value (1000 USD) |
|---|---|
| 2014 | 1309.6 1000 USD |
| 2015 | 949 1000 USD |
| 2016 | 2126 1000 USD |
| 2017 | 8148 1000 USD |
| 2018 | 2048.02 1000 USD |
| 2019 | 528 1000 USD |
| 2020 | 243.12 1000 USD |
| 2021 | 1564.39 1000 USD |
| 2022 | 839.99 1000 USD |
| 2023 | 200.45 1000 USD |
Data Source: Food and Agriculture Organization (FAO) and Wantstats Repository
Micronesia (excluding intra-trade) Oilseeds Export value: Key Points
- In 2023, Micronesia (excluding intra-trade)'s oilseeds Export value stood at 200.45 USD — down from 1.31K USD in 2014, a fall of roughly 85%.
- 2016: surges to 2.13K USD (+124%).
- 2017: spikes to 8.15K USD (+283%).
- 2021: leaps to 1.56K USD (+543%).
- 2023: collapses to 200.45 USD (-76%).
- Full span, 2014 to 2023: net loss of 84.7%, ending at 200.45 USD.
Why Trade Collapsed in 2020
This is a series to read year by year, not to summarize with a single trend line. Doing the latter would flatten out real, meaningful movement.
The scale of this drop matches what happened to trade worldwide in 2020, as the pandemic disrupted both the supply side and the demand side of trade at once.
The pace of this recovery matches the broader trade rebound most economies experienced in 2021, tied to reopening and renewed demand.
This series reflects Micronesia (excluding intra-trade)'s official reporting via the linked source. Statistics of this kind are typically benchmarked against periodic censuses or surveys, with intervening years estimated.
At these volumes, this trade flow often comes down to a handful of shipments or trading partners. A big single-year swing is more likely one contract or one buyer's order than a broad economic trend.
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