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Pricing

2022
Flag → Flag
Exports $5.35MRnk 175 / 218
2022
Flag → Flag
Top Product $3.17MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $2.94MRnk 22 / 80
2022
Flag → Flag
Top Product $2.73MAdditive manufacturing machines
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

Spain-Marshall Islands Trade: In 2022, Spain exported $5.35M 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 decreased at an annualized rate of 38.5%, from $60.5M in 2017 to $5.35M in 2022.

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

Marshall Islands-Spain Trade: In 2022, Marshall Islands exported $2.94M 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 decreased at an annualized rate of 41%,  from $41M in 2017 to $2.94M 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.

Latest Trends

July, 2024

About

Overview In July 2024, Spain exported €782k and imported €9.56k from Marshall Islands, resulting in a positive trade balance of €772k. Between July 2023 and July 2024 the exports of Spain have increased by €575k (279%) from €206k to €782k, while imports increased by €7.97k (498%) from €1.6k to €9.56k.

Trade In July 2024, the top exports of Spain to Marshall Islands were Refined Petroleum (€25k) and Trunks and Cases (€98.4). In July 2024 the top imports of Spain from Marshall Islands were Other Floating Structures (€6.3k), Engine Parts (€1.87k), and Commodities not elsewhere specified (€14).

Origins In July 2024 the exports of Spain were mainly from Madrid (€724k), Barcelona (€25.3k), Vizcaya (€19.9k), and Pontevedra (€10.5k), while imports destinations were mainly Cádiz (€6.91k), A Coruña (€1.9k), Pontevedra (€450), Barcelona (€214), and Murcia (€90).

Growth In July 2024, the increase in Spain's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in . In July 2024, the increase in Spain's year-by-year imports  from Marshall Islands was explained primarily by an increase in product imports  in Engine Parts (€137 or 7.91%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€575k(279%)
IMPORT GROWTH (July 2023 - July 2024)€7.97k(498%)
MAIN EXPORTER (July 2024)Madrid€724k

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

To check Marshall Islands and Spain 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 2022, Spain exported $5.35M 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 decreased at an annualized rate of 38.5%, from $60.5M in 2017 to $5.35M in 2022.

In 2017, Marshall Islands exported $2.94M 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 5 years the exports of Marshall Islands to Spain have decreased at an annualized rate of 41%, from $41M in 2022 to $2.94M 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 DestinationFrance$65.2B
Marshall Islands
Top DestinationGermany$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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