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2023
Flag → Flag
Exports $3.57MRnk 20 / 76
2023
Flag → Flag
Top Product $3.26MRecreational Boats
2023
Flag → Flag
Exports $266MRnk 97 / 219
2023
Flag → Flag
Top Product $245MRecreational Boats
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Marshall Islands-Italy Trade: In 2023, Marshall Islands exported $3.57M to Italy. The main products that Marshall Islands exported to Italy were Recreational Boats ($3.26M), Combustion Engines ($54.1k), and Electric Generating Sets ($32.4k). Over the past 5 years the exports of Marshall Islands to Italy have increased at an annualized rate of 63.1%, from $309k in 2018 to $3.57M in 2023.

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

Italy-Marshall Islands Trade: In 2023, Italy exported $266M to Marshall Islands. The main products that Italy exported to Marshall Islands were Recreational Boats ($245M), Passenger and Cargo Ships ($17.3M), and Industrial Food Preperation Machinery ($1.14M). Over the past 5 years the exports of Italy to Marshall Islands have increased at an annualized rate of 46.7%,  from $39.1M in 2018 to $266M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Marshall Islands exported $3.57M to Italy. The main products exported from Marshall Islands to Italy were Recreational Boats ($3.26M), Combustion Engines ($54.1k), and Electric Generating Sets ($32.4k). During the last 5 years the exports of Marshall Islands to Italy have increased at an annualized rate of 63.1%, from $309k in 2018 to $3.57M in 2023.

In 2018, Italy exported $266M to Marshall Islands. The main products exported from Italy to Marshall Islands were Recreational Boats ($245M), Passenger and Cargo Ships ($17.3M), and Industrial Food Preperation Machinery ($1.14M). During the last 5 years the exports of Italy to Marshall Islands have increased at an annualized rate of 46.7%, from $39.1M in 2023 to $266M in 2018.

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

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

Latest Data

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

Italy Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationUnited Kingdom$150M
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Italy than Marshall Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Marshall Islands had a large net trade with Italy in the exports of Transportation ($3.28M), Machines ($236k), and Metals ($25.6k).

During 2018, Italy had a large net trade with Marshall Islands in the exports of Transportation ($262M), Machines ($1.52M), and Metals ($1.43M).

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) (2023)

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