The Marshall Islands is a large island group in Micronesia. The country shares maritime boundaries with Federated States of Micronesia, Wake Island, Kiribati and Nauru. Main exports are fish and related products, and Thailand, China, the US and Japan are main export destinations. The country mainly imports fuel, machinery and equipment and major import partners are Republic of Korea, Singapore, China and Japan. It is a member of the Pacific Island Countries Trade Agreement (PICTA) and the South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA).