Flag Italy / Marshall Islands Flag

Exports FlagFlag  (2018): $39.1M, Rnk 141 / 213

Top Product FlagFlag (2018): $38.3M, Recreational Boats

Exports FlagFlag (2018): $309k, Rnk 26 / 58

Top Product FlagFlag (2018): $301k, Recreational Boats

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

GDP Flag (2018): $2.08T, CURRENT US$
Rnk 8 / 196

GDP GROWTH Flag (2008-2018): -13.1%, CURRENT US$
Rnk 187 / 196

GDP Flag (2018): $221M, CURRENT US$
Rnk 193 / 196

GDP GROWTH Flag (2008-2018): 44.5%, CURRENT US$
Rnk 90 / 196

GDP PC Flag (2018): $34,483, CURRENT US$
Rnk 29 / 196

GDP PC GROWTH Flag (2008-2018): -15.4%, CURRENT US$
Rnk 176 / 196

GDP PC Flag (2018): $3,788, CURRENT US$
Rnk 125 / 196

GDP PC GROWTH Flag (2008-2018): 39%, CURRENT US$
Rnk 63 / 196

Italy-Marshall Islands: In 2018, Italy exported $39.1M to Marshall Islands. The main products exported from Italy to Marshall Islands were Recreational Boats ($38.3M), Paintings ($227k), and Refined Petroleum ($147k). During the last 23 years the exports of Italy to Marshall Islands have increased at an annualized rate of 30.2%, from $90.6k in 1995 to $39.1M in 2018.

Marshall Islands-Italy: In 2018, Marshall Islands exported $309k to Italy. The main products exported from Marshall Islands to Italy were Recreational Boats ($301k), Engine Parts ($4.48k), and Other Engines ($3.11k). During the last 20 years the exports of Marshall Islands to Italy have decreased at an annualized rate of 19.3%, from $42.5M in 1998 to $309k in 2018.

Comparison: In 2018, Italy ranked 18 in the Economic Complexity Index (ECI 1.31), and 8 in total exports ($540B). That same year, Marshall Islands ranked 159 in total exports ($661M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Italy was ranked 29 with a GDP Per Capita of $34,483, and Marshall Islands was ranked 125 with a GDP Per Capita of $3,788.

Bilateral Trade by Products

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Depth
Value

In 2018, Italy exported $39.1M to Marshall Islands. The main products exported from Italy to Marshall Islands were Recreational Boats ($38.3M), Paintings ($227k), and Refined Petroleum ($147k). During the last 23 years the exports of Italy to Marshall Islands have increased at an annualized rate of 30.2%, from $90.6k in 1995 to $39.1M in 2018.

In 2018, Marshall Islands exported $309k to Italy. The main products exported from Marshall Islands to Italy were Recreational Boats ($301k), Engine Parts ($4.48k), and Other Engines ($3.11k). During the last 20 years the exports of Marshall Islands to Italy have decreased at an annualized rate of 19.3%, from $42.5M in 1998 to $309k in 2018.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $67.8B

Marshall Islands
Top Destination
: South Korea, $148M

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

In 2018, countries that imported more from Italy than Marshall Islands were Germany ($67.8B), France ($56.4B), and United States ($50.6B).

In 2018, no countries were registered that imported more from Marshall Islands than from Italy.

Comparative Advantage Italy - Marshall Islands

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Depth

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

During 2018, Italy had a large net trade with Marshall Islands in the exports of Transportation ($38.3M), Chemical Products ($303k), and Arts and Antiques ($227k).

During 2018, Marshall Islands had a large net trade with Italy in the exports of Transportation ($301k) and Machines ($7.59k).

Trade Forecasts

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This section shows a forecast for total trade between Italy and Marshall Islands. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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