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2023
Flag → Flag
Exports $350MRnk 99 / 220
2023
Flag → Flag
Top Product $348MPassenger and Cargo Ships
2023
Flag → Flag
Exports $115MRnk 2 / 76
2023
Flag → Flag
Top Product $114MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
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GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
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GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Germany-Marshall Islands Trade: In 2023, Germany exported $350M to Marshall Islands. The main products that Germany exported to Marshall Islands were Passenger and Cargo Ships ($348M), Recreational Boats ($531k), and Other Aluminium Products ($107k). Over the past 5 years the exports of Germany to Marshall Islands have decreased at an annualized rate of 15.1%, from $792M in 2018 to $350M in 2023.

In 2023, Germany did not export any services to Marshall Islands.

Marshall Islands-Germany Trade: In 2023, Marshall Islands exported $115M to Germany. The main products that Marshall Islands exported to Germany were Passenger and Cargo Ships ($114M), Recreational Boats ($1.19M), and Other Prepared Meat ($237k). Over the past 5 years the exports of Marshall Islands to Germany have increased at an annualized rate of 16.1%,  from $54.7M in 2018 to $115M in 2023.

In 2023, Marshall Islands did not export any services to Germany.

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €6.13M and imported €10k from Marshall Islands, resulting in a positive trade balance of €6.12M. Between November 2023 and November 2024 the exports of Germany have increased by €5.85M (2.08k%) from €281k to €6.13M, while imports decreased by €-13.3M (-99.9%) from €13.4M to €10k.

Trade In November 2024, the top exports of Germany to Marshall Islands were Ships and boats (€23M), Measuring and automatical control instruments (€39k), Pumps and compressors (€38k), Machinery for electricity production, distribution (€21k), and Other articles of iron, iron sheet,... (€11k). In November 2024 the top imports of Germany from Marshall Islands were Ships and boats (€16.9M), Engines (excl. for tractor,aircraft, road vehicle) (€1k), and Returned goods (€0).

Origins In November 2024 the exports of Germany were mainly from Lower Saxony (€6.06M) and Rhineland-Pfalz (€8k), while imports destinations were mainly Lower Saxony (€10k).

Growth In November 2024, the increase in Germany's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Ships and boats (€10.9M or 90%). In November 2024, the decrease in Germany's year-by-year imports  from Marshall Islands was explained primarily by an decrease in product imports  in Ships and boats (€-33.1M or -66.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€5.85M(2.08k%)
IMPORT GROWTH (November 2023 - November 2024)€-13.3M(-99.9%)
MAIN EXPORTER (November 2024)Lower Saxony€6.06M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Marshall Islands and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $350M to Marshall Islands. The main products exported from Germany to Marshall Islands were Passenger and Cargo Ships ($348M), Recreational Boats ($531k), and Other Aluminium Products ($107k). During the last 5 years the exports of Germany to Marshall Islands have decreased at an annualized rate of 15.1%, from $792M in 2018 to $350M in 2023.

In 2018, Marshall Islands exported $115M to Germany. The main products exported from Marshall Islands to Germany were Passenger and Cargo Ships ($114M), Recreational Boats ($1.19M), and Other Prepared Meat ($237k). During the last 5 years the exports of Marshall Islands to Germany have increased at an annualized rate of 16.1%, from $54.7M in 2023 to $115M in 2018.

Exports from Germany (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Germany than Marshall Islands included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, no countries were registered that imported more from Marshall Islands than from Germany.

Difference in imports from Marshall Islands (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Marshall Islands

Flow
Scale

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

During 2023, Germany had a large net trade with Marshall Islands in the exports of Transportation ($348M), Machines ($399k), and Metals ($382k).

During 2018, Marshall Islands had a large net trade with Germany in the exports of Transportation ($115M), Foodstuffs ($237k), and Machines ($40.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Marshall Islands. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Marshall Islands. Similarly, a dot/product with the flag of Marshall Islands indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Marshall Islands (Flag) (2023)

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