2022
Flag  
GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$280MCURRENT US$
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2012-2022
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GDP GROWTH
55.5%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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2022
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GDP PC
$6,728CURRENT US$
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2012-2022
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GDP PC GROWTH
95.3%CURRENT US$
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About

Spain-Marshall Islands Trade: In 2022, Spain exported $60.5M to Marshall Islands. The main products that Spain exported to Marshall Islands were Non-fillet Frozen Fish ($3.17M), Recreational Boats ($1.26M), and Additive manufacturing machines ($527k). Over the past 5 years the exports of Spain to Marshall Islands have increased at an annualized rate of 861%, from $738 in 2017 to $60.5M in 2022.

In 2022, Spain did not export any services to Marshall Islands.

Marshall Islands-Spain Trade: In 2022, Marshall Islands exported $41M to Spain. The main products that Marshall Islands exported to Spain were Additive manufacturing machines ($2.73M), Scrap Iron ($46.1k), and Other Iron Products ($29.7k). Over the past 5 years the exports of Marshall Islands to Spain have increased at an annualized rate of 495%,  from $5.5k in 2017 to $41M in 2022.

In 2022, Marshall Islands did not export any services to Spain.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $60.5M to Marshall Islands. The main products exported from Spain to Marshall Islands were Non-fillet Frozen Fish ($3.17M), Recreational Boats ($1.26M), and Additive manufacturing machines ($527k). During the last 5 years the exports of Spain to Marshall Islands have increased at an annualized rate of 861%, from $738 in 2017 to $60.5M in 2022.

In 2017, Marshall Islands exported $41M to Spain. The main products exported from Marshall Islands to Spain were Additive manufacturing machines ($2.73M), Scrap Iron ($46.1k), and Other Iron Products ($29.7k). During the last 17 years the exports of Marshall Islands to Spain have increased at an annualized rate of 495%, from $5.5k in 2000 to $41M in 2017.

Exports from Spain (Flag) to Marshall Islands (Flag) (2022)

Exports from Marshall Islands (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Marshall Islands
Top Destination
Germany$327M

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

In 2022, countries that imported more from Spain than Marshall Islands included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Marshall Islands than from Spain.

Difference in imports from Marshall Islands (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Marshall Islands

Flow
Scale

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

During 2022, Spain had a large net trade with Marshall Islands in the exports of Animal Products ($3.17M), Transportation ($1.3M), and Machines ($656k).

During 2017, Marshall Islands had a large net trade with Spain in the exports of Machines ($2.79M), Metals ($79.9k), and Stone And Glass ($38.9k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Marshall Islands. This means that a dot/product with the flag of Spain 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 Spain.

Product Space of Spain (Flag) and Marshall Islands (Flag) (2022)

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