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Pricing

2022
Flag → Flag
Exports $1.23BRnk 47 / 211
2022
Flag → Flag
Top Product $1.19BPassenger and Cargo Ships
2022
Flag → Flag
Exports $5.87MRnk 19 / 80
2022
Flag → Flag
Top Product $5.66MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
Flag
GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
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GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

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

July, 2024

About

Overview In July 2024, Japan exported ¥25.6B and imported ¥5.18M from Marshall Islands, resulting in a positive trade balance of ¥25.6B. Between July 2023 and July 2024 the exports of Japan have increased by ¥8.53B (50%) from ¥17.1B to ¥25.6B, while imports decreased by ¥-502k (-8.83%) from ¥5.69M to ¥5.18M.

Trade In July 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 July 2024 the top imports of Japan from Marshall Islands were Non-fillet Frozen Fish (¥77.2M) and Live Fish (¥1.22M).

Origins In July 2024 the exports of Japan were mainly from Nagasaki (¥9.84B), Hiroshima (¥7.82B), Ōita (¥5.46B), Ehime (¥1.78B), and Osaka (¥579M), while imports destinations were mainly Chiba (¥3.7M), Aichi (¥645k), Hiroshima (¥585k), and Osaka (¥257k).

Growth In July 2024, the increase in Japan's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Liquid Pumps (¥23.9M or 75.6%), Engine Parts (¥23.4M or 30.3%), and Transmissions (¥13.2M or 52.8%). In July 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
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)¥8.53B(50%)
IMPORT GROWTH (July 2023 - July 2024)¥-502k(-8.83%)
MAIN EXPORTER (July 2024)Nagasaki¥9.84B

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
Value

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 (Flag) to Marshall Islands (Flag) (2022)

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

Market Competitiveness

Color
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 (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Marshall Islands

Flow
Scale

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

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 (Flag) and Marshall Islands (Flag) (2022)

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