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2022
Flag → Flag
Exports $26.9MRnk 10 / 80
2022
Flag → Flag
Top Product $26.1MPassenger and Cargo Ships
2022
Flag → Flag
Exports $3.25BRnk 35 / 220
2022
Flag → Flag
Top Product $3.24BPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
 GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

Marshall Islands-South Korea Trade: In 2022, Marshall Islands exported $26.9M to South Korea. The main products that Marshall Islands exported to South Korea were Passenger and Cargo Ships ($26.1M), Refined Petroleum ($381k), and Scrap Iron ($117k). Over the past 5 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 1.41%, from $25.1M in 2017 to $26.9M in 2022.

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

South Korea-Marshall Islands In N/A, South Korea did not export any products to Marshall Islands.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Marshall Islands exported $26.9M to South Korea. The main products exported from Marshall Islands to South Korea were Passenger and Cargo Ships ($26.1M), Refined Petroleum ($381k), and Scrap Iron ($117k). During the last 5 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 1.41%, from $25.1M in 2017 to $26.9M in 2022.

South Korea does not register exports to Marshall Islands. The main products exported from South Korea to Marshall Islands were Passenger and Cargo Ships ($3.24B), Cars ($1.32M), and Petroleum Gas ($696k).

Exports from Marshall Islands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Marshall Islands (Flag) (2022)

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationGermany$327M
South Korea
Top DestinationChina$150B

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 2022, no countries were registered that imported more from Marshall Islands than from South Korea.

In 2022, countries that imported more from South Korea than Marshall Islands included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Marshall Islands (Flag) (2022)

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 2022, Marshall Islands had a large net trade with South Korea in the exports of Transportation ($26.2M), Mineral Products ($381k), and Metals ($234k).

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and South Korea (Flag) (2022)

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