2021
Flag  
GDP
$260MCURRENT US$
Rnk 200 / 204
2011-2021
Flag
GDP GROWTH
51.3%CURRENT US$
Rnk 49 / 204
2021
Flag
 GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
GDP PC 
$6,172CURRENT US$
Rnk 110 / 204
2011-2021
Flag
GDP PC GROWTH
90.6%CURRENT US$
Rnk 9 / 204
2021
Flag
GDP PC
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204

About

Marshall Islands-South Korea In 2021, Marshall Islands exported $272M to South Korea. The main products that Marshall Islands exported to South Korea are Passenger and Cargo Ships ($260M), Refined Petroleum ($10.9M), and Other Floating Structures ($192k). During the last 26 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 54.4%, from $3.39k in 1995 to $272M in 2021.

In 2021, Marshall Islands did not export any services to South Korea.

South Korea-Marshall Islands In 2021, South Korea exported $3.46B to Marshall Islands. The main products that South Korea exported to Marshall Islands were Passenger and Cargo Ships ($3.45B), Engine Parts ($2.75M), and Centrifuges ($2.39M). During the last 26 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 34.7%, from $1.51M in 1995 to $3.46B in 2021.

In 2021, South Korea did not export any services to Marshall Islands.

Comparison In 2021,  Marshall Islands ranked 156 in total exports ($1.37B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Marshall Islands exported $272M to South Korea. The main products exported from Marshall Islands to South Korea were Passenger and Cargo Ships ($260M), Refined Petroleum ($10.9M), and Other Floating Structures ($192k). During the last 26 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 54.4%, from $3.39k in 1995 to $272M in 2021.

In 2021, South Korea exported $3.46B to Marshall Islands. The main products exported from South Korea to Marshall Islands were Passenger and Cargo Ships ($3.45B), Engine Parts ($2.75M), and Centrifuges ($2.39M). During the last 26 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 34.7%, from $1.51M in 1995 to $3.46B in 2021.

Exports from Marshall Islands (Flag) to South Korea (Flag) (2021)

Exports from South Korea (Flag) to Marshall Islands (Flag) (2021)

Latest Data

Trade between Marshall Islands (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Marshall Islands
Top Destination
Denmark$447M
South Korea
Top Destination
China$158B

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

In 2019, no countries were registered that imported more from Marshall Islands than from South Korea.

In 2021, countries that imported more from South Korea than Marshall Islands were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

Difference in imports from South Korea (Flag) and Marshall Islands (Flag) (2021)

Comparative Advantage Marshall Islands - South Korea

Flow
Scale

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

During 2021, Marshall Islands had a large net trade with South Korea in the exports of Transportation ($260M), Mineral Products ($10.9M), and Metals ($260k).

During 2021, South Korea had a large net trade with Marshall Islands in the exports of Transportation ($3.45B), Machines ($5.5M), and Mineral Products ($1.21M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Marshall Islands has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Marshall Islands.

Product Space of Marshall Islands (Flag) and South Korea (Flag) (2021)

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