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Pricing

2023
Flag → Flag
Exports $8.51MRnk 175 / 223
2023
Flag → Flag
Top Product $2.71MOther Iron Products
2023
Flag → Flag
Exports $150MRnk 1 / 76
2023
Flag → Flag
Top Product $149MSpecial Purpose Ships
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

United Kingdom-Marshall Islands Trade: In 2023, United Kingdom exported $8.51M to Marshall Islands. The main products that United Kingdom exported to Marshall Islands were Other Iron Products ($2.71M), Flexible Metal Tubing ($2.26M), and Recreational Boats ($2.21M). Over the past 5 years the exports of United Kingdom to Marshall Islands have increased at an annualized rate of 23.3%, from $2.99M in 2018 to $8.51M in 2023.

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

Marshall Islands-United Kingdom Trade: In 2023, Marshall Islands exported $150M to United Kingdom. The main products that Marshall Islands exported to United Kingdom were Special Purpose Ships ($149M), Recreational Boats ($446k), and Other toys ($90.7k). Over the past 5 years the exports of Marshall Islands to United Kingdom have increased at an annualized rate of 256%,  from $264k in 2018 to $150M in 2023.

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

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). 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, United Kingdom exported £11.1M and imported £139k from Marshall Islands, resulting in a positive trade balance of £11M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £11.1M (25.1k%) from £44k to £11.1M, while imports increased by £129k (1.26k%) from £10.2k to £139k.

Trade In November 2024, the top exports of United Kingdom to Marshall Islands were Engine Parts (£1.13k). In November 2024 the top imports of United Kingdom from Marshall Islands were Buckwheat (£25k) and Live Fish (£7.34k).

Origins In November 2024 the exports of United Kingdom were mainly from Southampton (£10.9M), Dover Eurotunnel (£118k), Felixstowe (£91.9k), and East Midlands Airport (£8.79k), while imports destinations were mainly Southampton (£135k) and London Heathrow Airport (£4.07k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in . In November 2024, the increase in United Kingdom's year-by-year imports  from Marshall Islands was explained primarily by an increase in product imports  in Live Fish (£597 or 8.86%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£11.1M(25.1k%)
IMPORT GROWTH (November 2023 - November 2024)£129k(1.26k%)
MAIN EXPORTER (November 2024)Southampton£10.9M

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

To check Marshall Islands and United Kingdom 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, United Kingdom exported $8.51M to Marshall Islands. The main products exported from United Kingdom to Marshall Islands were Other Iron Products ($2.71M), Flexible Metal Tubing ($2.26M), and Recreational Boats ($2.21M). During the last 5 years the exports of United Kingdom to Marshall Islands have increased at an annualized rate of 23.3%, from $2.99M in 2018 to $8.51M in 2023.

In 2018, Marshall Islands exported $150M to United Kingdom. The main products exported from Marshall Islands to United Kingdom were Special Purpose Ships ($149M), Recreational Boats ($446k), and Other toys ($90.7k). During the last 5 years the exports of Marshall Islands to United Kingdom have increased at an annualized rate of 256%, from $264k in 2023 to $150M in 2018.

Exports from United Kingdom (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from United Kingdom than Marshall Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Marshall Islands (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Marshall Islands

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Marshall Islands in the exports of Metals ($4.97M), Transportation ($2.22M), and Precious Metals ($426k).

During 2018, Marshall Islands had a large net trade with United Kingdom in the exports of Transportation ($150M), Machines ($143k), and Miscellaneous ($90.7k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Marshall Islands (Flag) (2023)

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