Flag Belgium-Luxembourg / Marshall Islands Flag

Exports FlagFlag  (2018): $1.18B, Rnk 42 / 213

Top Product FlagFlag (2018): $1.18B, Passenger and Cargo Ships

Exports FlagFlag (2018): $282k, Rnk 27 / 58

Top Product FlagFlag (2018): $175k, Other Processed Fruits and Nuts

GDP Flag (2018): $221M, CURRENT US$
Rnk 193 / 196

GDP GROWTH Flag (2008-2018): 44.5%, CURRENT US$
Rnk 90 / 196

GDP PC Flag (2018): $3,788, CURRENT US$
Rnk 125 / 196

GDP PC GROWTH Flag (2008-2018): 39%, CURRENT US$
Rnk 63 / 196

Belgium-Luxembourg-Marshall Islands: In 2018, Belgium-Luxembourg exported $1.18B to Marshall Islands. The main products exported from Belgium-Luxembourg to Marshall Islands were Passenger and Cargo Ships ($1.18B), Petroleum Gas ($37.3k), and Uncoated Kraft Paper ($35.2k). During the last 23 years the exports of Belgium-Luxembourg to Marshall Islands have increased at an annualized rate of 30.7%, from $2.47M in 1995 to $1.18B in 2018.

Marshall Islands-Belgium-Luxembourg: In 2018, Marshall Islands exported $282k to Belgium-Luxembourg. The main products exported from Marshall Islands to Belgium-Luxembourg were Other Processed Fruits and Nuts ($175k) and Natural Polymers ($107k). During the last 23 years the exports of Marshall Islands to Belgium-Luxembourg have increased at an annualized rate of 15.5%, from $10.2k in 1995 to $282k in 2018.

Comparison: In 2018, Belgium-Luxembourg ranked 10 in total exports ($442B). That same year, Marshall Islands ranked 159 in total exports ($661M). Both countries does not have data related to Economic Complexity Index. In terms of GDP Per Capita, Marshall Islands was ranked 125 with a GDP Per Capita of $3,788, while Belgium-Luxembourg has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, Belgium-Luxembourg exported $1.18B to Marshall Islands. The main products exported from Belgium-Luxembourg to Marshall Islands were Passenger and Cargo Ships ($1.18B), Petroleum Gas ($37.3k), and Uncoated Kraft Paper ($35.2k). During the last 23 years the exports of Belgium-Luxembourg to Marshall Islands have increased at an annualized rate of 30.7%, from $2.47M in 1995 to $1.18B in 2018.

In 2018, Marshall Islands exported $282k to Belgium-Luxembourg. The main products exported from Marshall Islands to Belgium-Luxembourg were Other Processed Fruits and Nuts ($175k) and Natural Polymers ($107k). During the last 23 years the exports of Marshall Islands to Belgium-Luxembourg have increased at an annualized rate of 15.5%, from $10.2k in 1995 to $282k in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Marshall Islands
Top Destination
: South Korea, $148M

This map shows whether countries import more from Belgium-Luxembourg or Marshall Islands. Each country is colored based on the difference in imports they receive from Belgium-Luxembourg and Marshall Islands or the difference in the growth in imports.

In 2018, countries that imported more from Belgium-Luxembourg than Marshall Islands were Germany ($77.4B), France ($62.3B), and Netherlands ($57.5B).

In 2018, no countries were registered that imported more from Marshall Islands than from Belgium-Luxembourg.

Comparative Advantage Belgium-Luxembourg - Marshall Islands

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Depth

This chart compares trade between Belgium-Luxembourg and Marshall Islands by product, considering products traded by both, Belgium-Luxembourg and Marshall Islands.

During 2018, Belgium-Luxembourg had a large net trade with Marshall Islands in the exports of Transportation ($1.18B), Mineral Products ($37.3k), and Paper Goods ($35.2k).

During 2018, Marshall Islands had a large net trade with Belgium-Luxembourg in the exports of Foodstuffs ($175k) and Plastics and Rubbers ($107k).

Trade Forecasts

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This section shows a forecast for total trade between Belgium-Luxembourg and Marshall Islands. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Belgium-Luxembourg has comparative advantage over Marshall Islands. Similarly, the more red a dot/product is, the more Marshall Islands has comparative advantage over Belgium-Luxembourg.