Flag South Korea / Marshall Islands Flag

Exports FlagFlag  (2018): $2.04B, Rnk 36 / 210

Top Product FlagFlag (2018): $1.76B, Passenger and Cargo Ships

Exports FlagFlag (2018): $148M, Rnk 1 / 58

Top Product FlagFlag (2018): $145M, Passenger and Cargo Ships

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 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): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

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

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

South Korea-Marshall Islands: In 2018, South Korea exported $2.04B to Marshall Islands. The main products exported from South Korea to Marshall Islands were Passenger and Cargo Ships ($1.76B), Special Purpose Ships ($277M), and Semiconductor Devices ($1.4M). During the last 23 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 36.8%, from $1.51M in 1995 to $2.04B in 2018.

Marshall Islands-South Korea: In 2018, Marshall Islands exported $148M to South Korea. The main products exported from Marshall Islands to South Korea were Passenger and Cargo Ships ($145M), Refined Petroleum ($2.19M), and Engine Parts ($54.5k). During the last 23 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 59.1%, from $3.39k in 1995 to $148M in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). 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, South Korea was ranked 34 with a GDP Per Capita of $31,363, 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, South Korea exported $2.04B to Marshall Islands. The main products exported from South Korea to Marshall Islands were Passenger and Cargo Ships ($1.76B), Special Purpose Ships ($277M), and Semiconductor Devices ($1.4M). During the last 23 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 36.8%, from $1.51M in 1995 to $2.04B in 2018.

In 2018, Marshall Islands exported $148M to South Korea. The main products exported from Marshall Islands to South Korea were Passenger and Cargo Ships ($145M), Refined Petroleum ($2.19M), and Engine Parts ($54.5k). During the last 23 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 59.1%, from $3.39k in 1995 to $148M in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Marshall Islands
Top Destination
: South Korea, $148M

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

In 2018, countries that imported more from South Korea than Marshall Islands were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

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

Comparative Advantage South Korea - Marshall Islands

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Depth

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

During 2018, South Korea had a large net trade with Marshall Islands in the exports of Transportation ($2.03B), Machines ($2.25M), and Mineral Products ($1.04M).

During 2018, Marshall Islands had a large net trade with South Korea in the exports of Transportation ($145M), Mineral Products ($2.19M), and Machines ($55.9k).

Trade Forecasts

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This section shows a forecast for total trade between South Korea 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 South Korea has comparative advantage over Marshall Islands. Similarly, the more red a dot/product is, the more Marshall Islands has comparative advantage over South Korea.