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Flag → Flag
Exports $3.43MRnk 61 / 157
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Flag → Flag
Top Product $3.43MRefined Petroleum
2023
Flag  
GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

In N/A, Marshall Islands did not export any services to Iceland.

Iceland-Marshall Islands Trade: In N/A, Iceland exported $3.43M to Marshall Islands. The main products that Iceland exported to Marshall Islands were Refined Petroleum ($3.43M). Over the past N/A years the exports of Iceland to Marshall Islands have increased at an annualized rate of 20.1%,  from $1.37M in N/A to $3.43M in N/A.

In N/A, Iceland did not export any services to Marshall Islands.

Comparison In 2023,  Marshall Islands ranked 164 in total exports ($917M). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Marshall Islands does not register exports to Iceland.

In 2018, Iceland exported $3.43M to Marshall Islands. The main products exported from Iceland to Marshall Islands were Refined Petroleum ($3.43M). During the last 5 years the exports of Iceland to Marshall Islands have increased at an annualized rate of 20.1%, from $1.37M in 2023 to $3.43M in 2018.

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

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

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationUnited Kingdom$150M
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Marshall Islands than Iceland included Ghana ($80.2M), Cyprus ($79.5M), and Tanzania ($68.2M).

In 2023, countries that imported more from Iceland than Marshall Islands included Netherlands ($1.97B), United States ($735M), and Germany ($771M).

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

Comparative Advantage Marshall Islands - Iceland

Flow
Scale

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

During 2018, Iceland had a large net trade with Marshall Islands in the exports of Mineral Products ($3.43M).

Economic Complexity

Competitive Landscape

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

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

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