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2023
Flag → Flag
Exports $150MRnk 1 / 76
2023
Flag → Flag
Top Product $149MSpecial Purpose Ships
2023
Flag → Flag
Exports $8.51MRnk 175 / 223
2023
Flag → Flag
Top Product $2.71MOther Iron Products
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $6,678CURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Marshall Islands-United Kingdom Trade: In 2023, Marshall Islands exported $150M to United Kingdom. The main products that Marshall Islands exported to United Kingdom were Special Purpose Ships ($149M), Recreational Boats ($446k), and Other toys ($90.7k). Over the past 5 years the exports of Marshall Islands to United Kingdom have increased at an annualized rate of 256%, from $264k in 2018 to $150M in 2023.

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

United Kingdom-Marshall Islands Trade: In 2023, United Kingdom exported $8.51M to Marshall Islands. The main products that United Kingdom exported to Marshall Islands were Other Iron Products ($2.71M), Flexible Metal Tubing ($2.26M), and Recreational Boats ($2.21M). Over the past 5 years the exports of United Kingdom to Marshall Islands have increased at an annualized rate of 23.3%,  from $2.99M in 2018 to $8.51M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Marshall Islands exported $150M to United Kingdom. The main products exported from Marshall Islands to United Kingdom were Special Purpose Ships ($149M), Recreational Boats ($446k), and Other toys ($90.7k). During the last 5 years the exports of Marshall Islands to United Kingdom have increased at an annualized rate of 256%, from $264k in 2018 to $150M in 2023.

In 2018, United Kingdom exported $8.51M to Marshall Islands. The main products exported from United Kingdom to Marshall Islands were Other Iron Products ($2.71M), Flexible Metal Tubing ($2.26M), and Recreational Boats ($2.21M). During the last 5 years the exports of United Kingdom to Marshall Islands have increased at an annualized rate of 23.3%, from $2.99M in 2023 to $8.51M in 2018.

Exports from Marshall Islands (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Marshall Islands (Flag) (2023)

Latest Data

Trade between Marshall Islands (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationUnited Kingdom$150M
United Kingdom
Top DestinationUnited States$59.7B

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

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

In 2023, countries that imported more from United Kingdom than Marshall Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Marshall Islands (Flag) (2023)

Comparative Advantage Marshall Islands - United Kingdom

Flow
Scale

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

During 2023, Marshall Islands had a large net trade with United Kingdom in the exports of Transportation ($150M), Machines ($143k), and Miscellaneous ($90.7k).

During 2018, United Kingdom had a large net trade with Marshall Islands in the exports of Metals ($4.97M), Transportation ($2.22M), and Precious Metals ($426k).

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and United Kingdom (Flag) (2023)

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