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2022
Flag → Flag
Exports $10.3MRnk 15 / 80
2022
Flag → Flag
Top Product $9.94MRecreational Boats
2022
Flag → Flag
Exports $223MRnk 104 / 221
2022
Flag → Flag
Top Product $114MRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC $6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Marshall Islands-Italy Trade: In 2022, Marshall Islands exported $10.3M to Italy. The main products that Marshall Islands exported to Italy were Recreational Boats ($9.94M), Additive manufacturing machines ($260k), and Other Hand Tools ($15.9k). Over the past 5 years the exports of Marshall Islands to Italy have increased at an annualized rate of 54.6%, from $1.16M in 2017 to $10.3M in 2022.

In 2022, Marshall Islands did not export any services to Italy.

Italy-Marshall Islands Trade: In 2022, Italy exported $223M to Marshall Islands. The main products that Italy exported to Marshall Islands were Recreational Boats ($114M), Passenger and Cargo Ships ($106M), and Refined Petroleum ($1.09M). Over the past 5 years the exports of Italy to Marshall Islands have increased at an annualized rate of 13.1%,  from $35.1M in 2017 to $223M in 2022.

In 2022, Italy did not export any services to Marshall Islands.

Comparison In 2022,  Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Marshall Islands exported $10.3M to Italy. The main products exported from Marshall Islands to Italy were Recreational Boats ($9.94M), Additive manufacturing machines ($260k), and Other Hand Tools ($15.9k). During the last 5 years the exports of Marshall Islands to Italy have increased at an annualized rate of 54.6%, from $1.16M in 2017 to $10.3M in 2022.

In 2017, Italy exported $223M to Marshall Islands. The main products exported from Italy to Marshall Islands were Recreational Boats ($114M), Passenger and Cargo Ships ($106M), and Refined Petroleum ($1.09M). During the last 5 years the exports of Italy to Marshall Islands have increased at an annualized rate of 13.1%, from $35.1M in 2022 to $223M in 2017.

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

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

Latest Data

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

Italy Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationGermany$327M
Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Marshall Islands than from Italy.

In 2022, countries that imported more from Italy than Marshall Islands included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Marshall Islands (Flag) (2022)

Comparative Advantage Marshall Islands - Italy

Flow
Scale

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

During 2022, Marshall Islands had a large net trade with Italy in the exports of Transportation ($9.94M), Machines ($307k), and Metals ($23.2k).

During 2017, Italy had a large net trade with Marshall Islands in the exports of Transportation ($221M), Mineral Products ($1.09M), and Metals ($931k).

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and Italy (Flag) (2022)

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