Japan (JPN) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

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Japan (JPN) and Marshall Islands (MHL) Trade

2022

→

Exports $1.23BRnk 47 / 211

2022

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Top Product $1.19BPassenger and Cargo Ships

2022

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Exports $5.87MRnk 19 / 80

2022

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Top Product $5.66MNon-fillet Frozen Fish

2022

Economic Complexity (ECI) ECI 2.07Rnk 1 / 133

2022

GDP$4.23TCURRENT US$
Rnk 3 / 186

2012-2022

GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186

2022

GDP$280MCURRENT US$
Rnk 183 / 186

2012-2022

GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186

2022

GDP PC $33,815CURRENT US$
Rnk 32 / 186

2012-2022

GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

2022

GDP PC$6,728CURRENT US$
Rnk 96 / 186

2012-2022

GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

Image 1

Image by Bruno Cordioli
Link: https://flic.kr/p/bwAXab

Image 2

Image by HonoluluDistrict
Link: https://flic.kr/p/ebBP8B

Latest Trends
Historical Data
Economic Complexity

About

Japan-Marshall Islands Trade: In 2022, Japan exported $1.23B to Marshall Islands. The main products that Japan exported to Marshall Islands were Passenger and Cargo Ships ($1.19B), Engine Parts ($10.1M), and Liquid Pumps ($3.7M). Over the past 5 years the exports of Japan to Marshall Islands have decreased at an annualized rate of 1.4%, from $1.33B in 2017 to $1.23B in 2022.

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

Marshall Islands-Japan Trade: In 2022, Marshall Islands exported $5.87M to Japan. The main products that Marshall Islands exported to Japan were Non-fillet Frozen Fish ($5.66M), Live Fish ($117k), and Non-fillet Fresh Fish ($89.9k). Over the past 5 years the exports of Marshall Islands to Japan have decreased at an annualized rate of 5.18%, from $7.67M in 2017 to $5.87M in 2022.

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

Comparison In 2022, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥7.35B and imported ¥4.24M from Marshall Islands, resulting in a positive trade balance of ¥7.35B. Between August 2023 and August 2024 the exports of Japan have decreased by ¥-11.5B (-61%) from ¥18.9B to ¥7.35B, while imports decreased by ¥-20.4M (-82.8%) from ¥24.6M to ¥4.24M.

Trade In August 2024, the top exports of Japan to Marshall Islands were Passenger and Cargo Ships (¥7.17B), Engine Parts (¥101M), Liquid Pumps (¥55.6M), Transmissions (¥38.1M), and Machinery parts, not containing electrical connectors,... (¥27.8M). In August 2024 the top imports of Japan from Marshall Islands were Non-fillet Frozen Fish (¥77.2M) and Live Fish (¥1.22M).

Origins In August 2024 the exports of Japan were mainly from Nagasaki (¥4.33B), Ehime (¥2.2B), Osaka (¥644M), Mie (¥120M), and Kanagawa (¥41.2M), while imports destinations were mainly Chiba (¥4.24M).

Growth In August 2024, the decrease in Japan's year-by-year exports to Marshall Islands was explained primarily by an decrease in product exports in Passenger and Cargo Ships (¥-19.6B or -73.2%), Stranded Iron Wire (¥-2.65M or -25.1%), and Video Displays (¥-1.81M or -51.7%). In August 2024, the decrease in Japan's year-by-year imports from Marshall Islands was explained primarily by an decrease in product imports in Non-fillet Frozen Fish (¥-325M or -80.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)¥-11.5B(-61%)

IMPORT GROWTH (August 2023 - August 2024)¥-20.4M(-82.8%)

MAIN EXPORTER (August 2024)Nagasaki¥4.33B

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

To check Marshall Islands and Japan 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Japan exported $1.23B to Marshall Islands. The main products exported from Japan to Marshall Islands were Passenger and Cargo Ships ($1.19B), Engine Parts ($10.1M), and Liquid Pumps ($3.7M). During the last 5 years the exports of Japan to Marshall Islands have decreased at an annualized rate of 1.4%, from $1.33B in 2017 to $1.23B in 2022.

In 2017, Marshall Islands exported $5.87M to Japan. The main products exported from Marshall Islands to Japan were Non-fillet Frozen Fish ($5.66M), Live Fish ($117k), and Non-fillet Fresh Fish ($89.9k). During the last 5 years the exports of Marshall Islands to Japan have decreased at an annualized rate of 5.18%, from $7.67M in 2022 to $5.87M in 2017.

Exports from Japan () to Marshall Islands () (2022)

Exports from Marshall Islands () to Japan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Japan
Top DestinationUnited States$137B

Marshall Islands
Top DestinationGermany$327M

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

In 2022, countries that imported more from Japan than Marshall Islands included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Difference in imports from Marshall Islands () and Japan () (2022)

Comparative Advantage Japan - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Japan had a large net trade with Marshall Islands in the exports of Transportation ($1.19B), Machines ($31.9M), and Plastics and Rubbers ($2.59M).

During 2017, Marshall Islands had a large net trade with Japan in the exports of Animal Products ($5.87M), Metals ($3.94k), and Mineral Products ($1.96k).

Economic Complexity

Competitive Landscape

Year

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

Product Space of Japan () and Marshall Islands () (2022)

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