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2022
Flag → Flag
Exports $461kRnk 200 / 217
2022
Flag → Flag
Top Product $255kCars
2022
Flag → Flag
Exports $797kRnk 31 / 80
2022
Flag → Flag
Top Product $296kFerroalloys
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 124
2022
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GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
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GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
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GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

India-Marshall Islands In 2022, India exported $461k to Marshall Islands. The main products that India exported to Marshall Islands are Cars ($255k), Packaged Medicaments ($65.2k), and Vaccines, blood, antisera, toxins and cultures ($47.9k). During the last 20 years the exports of India to Marshall Islands have decreased at an annualized rate of 4.07%, from $1.06M in 2002 to $461k in 2022.

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

Marshall Islands-India In 2022, Marshall Islands exported $797k to India. The main products that Marshall Islands exported to India were Ferroalloys ($296k), Carbonates ($150k), and Clays ($73k). During the last 20 years the exports of Marshall Islands to India have decreased at an annualized rate of 12.2%, from $10.8M in 2002 to $797k in 2022.

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

Comparison In 2022,  India ranked 42 in the Economic Complexity Index (ECI 0.57),  and 15 in total exports ($468B). That same year, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, India exported $10.5k and imported $11.3k from Marshall Islands, resulting in a negative trade balance of $798. Between January 2023 and January 2024 the exports of India have decreased by $-16.3k (-60.8%) from $26.8k to $10.5k, while imports decreased by $-58.5k (-83.8%) from $69.8k to $11.3k.

Trade In January 2024, the top exports of India to Marshall Islands were Motor Vehicle/Cars ($26.8k). In January 2024 the top imports of India from Marshall Islands were Electronics Instruments ($69.8k).

Growth In January 2024, the decrease in India's year-by-year exports to Marshall Islands was explained primarily by an decrease in product exports in . In January 2024, the decrease in India's year-by-year imports  from Marshall Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)$-16.3k(-60.8%)
IMPORT GROWTH (January 2023 - January 2024)$-58.5k(-83.8%)

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

To check Marshall Islands and India 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, India exported $461k to Marshall Islands. The main products exported from India to Marshall Islands were Cars ($255k), Packaged Medicaments ($65.2k), and Vaccines, blood, antisera, toxins and cultures ($47.9k). During the last 20 years the exports of India to Marshall Islands have decreased at an annualized rate of 4.07%, from $1.06M in 2002 to $461k in 2022.

In 2022, Marshall Islands exported $797k to India. The main products exported from Marshall Islands to India were Ferroalloys ($296k), Carbonates ($150k), and Clays ($73k). During the last 18 years the exports of Marshall Islands to India have decreased at an annualized rate of 12.2%, from $10.8M in 2004 to $797k in 2022.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Marshall Islands
Top DestinationGermany$327M

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

In 2021, countries that imported more from India than Marshall Islands were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2019, no countries were registered that imported more from Marshall Islands than from India.

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

Comparative Advantage India - Marshall Islands

Flow
Scale

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

During 2022, India had a large net trade with Marshall Islands in the exports of Transportation ($255k), Chemical Products ($116k), and Machines ($61.1k).

During 2022, Marshall Islands had a large net trade with India in the exports of Metals ($296k), Chemical Products ($200k), and Machines ($152k).

Economic Complexity

Competitive Landscape

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

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

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