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2023
Flag → Flag
Exports $11kRnk 59 / 76
2023
Flag → Flag
Top Product $10.6kSurveying Equipment
2023
Flag → Flag
Exports $137kRnk 199 / 216
2023
Flag → Flag
Top Product $89.1kExcavation Machinery
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 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$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Marshall Islands-Sweden Trade: In 2023, Marshall Islands exported $11k to Sweden. The main products that Marshall Islands exported to Sweden were Surveying Equipment ($10.6k), Non-Knit Men's Shirts ($377), and Knit T-shirts ($94). Over the past 5 years the exports of Marshall Islands to Sweden have increased at an annualized rate of 88.7%, from $461 in 2018 to $11k in 2023.

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

Sweden-Marshall Islands Trade: In 2023, Sweden exported $137k to Marshall Islands. The main products that Sweden exported to Marshall Islands were Excavation Machinery ($89.1k), Boat Propellers ($46.7k), and Engine Parts ($660). Over the past 5 years the exports of Sweden to Marshall Islands have decreased at an annualized rate of 0.41%,  from $140k in 2018 to $137k in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Marshall Islands exported $11k to Sweden. The main products exported from Marshall Islands to Sweden were Surveying Equipment ($10.6k), Non-Knit Men's Shirts ($377), and Knit T-shirts ($94). During the last 5 years the exports of Marshall Islands to Sweden have increased at an annualized rate of 88.7%, from $461 in 2018 to $11k in 2023.

In 2018, Sweden exported $137k to Marshall Islands. The main products exported from Sweden to Marshall Islands were Excavation Machinery ($89.1k), Boat Propellers ($46.7k), and Engine Parts ($660). During the last 5 years the exports of Sweden to Marshall Islands have decreased at an annualized rate of 0.41%, from $140k in 2023 to $137k in 2018.

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

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

Latest Data

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

Sweden Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationUnited Kingdom$150M
Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Marshall Islands than Sweden included Jamaica ($18.3M).

In 2023, countries that imported more from Sweden than Marshall Islands included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Marshall Islands - Sweden

Flow
Scale

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

During 2023, Marshall Islands had a large net trade with Sweden in the exports of Instruments ($10.6k) and Textiles ($471).

During 2018, Sweden had a large net trade with Marshall Islands in the exports of Machines ($136k) and Instruments ($471).

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and Sweden (Flag) (2023)

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