2023
Flag  
GDP
$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH
39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC 
$6,678CURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP PC GROWTH
81.6%CURRENT US$
Rnk 14 / 195
2023
Flag
GDP PC
$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195

About

Marshall Islands-Germany Trade: In 2023, Marshall Islands exported $115M to Germany. The main products that Marshall Islands exported to Germany were Passenger and Cargo Ships ($114M), Recreational Boats ($1.19M), and Other Prepared Meat ($237k). Over the past 5 years the exports of Marshall Islands to Germany have increased at an annualized rate of 16.1%, from $54.7M in 2018 to $115M in 2023.

In 2023, Marshall Islands did not export any services to Germany.

Germany-Marshall Islands Trade: In 2023, Germany exported $350M to Marshall Islands. The main products that Germany exported to Marshall Islands were Passenger and Cargo Ships ($348M), Recreational Boats ($531k), and Other Aluminium Products ($107k). Over the past 5 years the exports of Germany to Marshall Islands have decreased at an annualized rate of 7.17%,  from $792M in 2018 to $350M in 2023.

In 2023, Germany did not export any services to Marshall Islands.

Comparison In 2023,  Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Marshall Islands exported $115M to Germany. The main products exported from Marshall Islands to Germany were Passenger and Cargo Ships ($114M), Recreational Boats ($1.19M), and Other Prepared Meat ($237k). During the last 5 years the exports of Marshall Islands to Germany have increased at an annualized rate of 16.1%, from $54.7M in 2018 to $115M in 2023.

In 2018, Germany exported $350M to Marshall Islands. The main products exported from Germany to Marshall Islands were Passenger and Cargo Ships ($348M), Recreational Boats ($531k), and Other Aluminium Products ($107k). During the last 5 years the exports of Germany to Marshall Islands have decreased at an annualized rate of 7.17%, from $792M in 2023 to $350M in 2018.

Exports from Marshall Islands (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to Marshall Islands (Flag) (2023)

Latest Data

Trade between Marshall Islands (Flag) and Germany (Flag)

Germany Exports

Market Competitiveness

Color
Marshall Islands
Top Destination
United Kingdom$150M
Germany
Top Destination
United States$157B

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

In 2023, no countries were registered that imported more from Marshall Islands than from Germany.

In 2023, countries that imported more from Germany than Marshall Islands included United States ($157B), France ($118B), and Netherlands ($108B).

Difference in imports from Germany (Flag) and Marshall Islands (Flag) (2023)

Comparative Advantage Marshall Islands - Germany

Flow
Scale

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

During 2023, Marshall Islands had a large net trade with Germany in the exports of Transportation ($115M), Foodstuffs ($237k), and Machines ($40.6k).

During 2018, Germany had a large net trade with Marshall Islands in the exports of Transportation ($348M), Machines ($399k), and Metals ($382k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Marshall Islands and Germany. This means that a dot/product with the flag of Marshall Islands indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Marshall Islands.

Product Space of Marshall Islands (Flag) and Germany (Flag) (2023)

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