Flag Marshall Islands / South Korea Flag

2019
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Exports
: $139M, Rnk 3 / 72

2019
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Top Product
: $138M, Passenger and Cargo Ships

2019
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Exports
: $3.44B, Rnk 27 / 215

2019
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Top Product
: $3.44B, Passenger and Cargo Ships

2019
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Economic Complexity (ECI)
: ECI 1.9, Rnk 5 / 146

2019
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 GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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GDP PC
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

Marshall Islands-South Korea In 2019, Marshall Islands exported $139M to South Korea. The main products that Marshall Islands exported to South Korea are Passenger and Cargo Ships ($138M), Refined Petroleum ($1.28M), and Scrap Aluminium ($78.5k). During the last 24 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 55.7%, from $3.39k in 1995 to $139M in 2019.

In 2019, Marshall Islands did not export any services to South Korea.

South Korea-Marshall Islands In 2019, South Korea exported $3.44B to Marshall Islands . The main products that South Korea exported to Marshall Islands were Passenger and Cargo Ships ($3.44B), Centrifuges ($2.22M), and Cars ($1.74M). During the last 24 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 38%, from $1.51M in 1995 to $3.44B in 2019.

In 2019, South Korea did not export any services to Marshall Islands.

Comparison In 2019,  Marshall Islands ranked 155 in total exports ($1.11B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.9), and 6 in total exports ($555B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Marshall Islands exported $139M to South Korea. The main products exported from Marshall Islands to South Korea were Passenger and Cargo Ships ($138M), Refined Petroleum ($1.28M), and Scrap Aluminium ($78.5k). During the last 24 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 55.7%, from $3.39k in 1995 to $139M in 2019.

In 2019, South Korea exported $3.44B to Marshall Islands. The main products exported from South Korea to Marshall Islands were Passenger and Cargo Ships ($3.44B), Centrifuges ($2.22M), and Cars ($1.74M). During the last 24 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 38%, from $1.51M in 1995 to $3.44B in 2019.

South Korea Exports

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Market Competitiveness

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Measure

Marshall Islands
Top Destination
: Poland, $311M

South Korea
Top Destination
: China, $136B

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 2019, countries that imported more from South Korea than Marshall Islands were China ($136B), United States ($74.8B), and Vietnam ($47.8B).

Comparative Advantage Marshall Islands - South Korea

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Depth

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

During 2019, Marshall Islands had a large net trade with South Korea in the exports of Transportation ($138M), Mineral Products ($1.28M), and Metals ($130k).

During 2019, South Korea had a large net trade with Marshall Islands in the exports of Transportation ($3.44B), Machines ($2.66M), and Mineral Products ($811k).

Economic Complexity

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Competitive Landscape

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