2023
Exports
$439MWorld Rnk 25 / 121
Flag Rnk 1 / 317
2023
PRODUCT COMPLEXITY IN Passenger and Cargo Ships
-0.44Rnk 679 / 1025
2023
Imports
$4.04BWorld Rnk 5 / 183
Flag Rnk 1 / 887

About

Exports In 2023, Marshall Islands exported $439M in Passenger and Cargo Ships, making it the 25th largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 1st most exported product in Marshall Islands. The main destination of Passenger and Cargo Ships exports from Marshall Islands are: Germany ($114M), Denmark ($94.7M), Cyprus ($75.8M), Indonesia ($69.5M), and Norway ($54.4M).

The fastest growing export markets for Passenger and Cargo Ships of Marshall Islands between 2022 and 2023 were Cyprus ($64.4M), Norway ($54.4M), and Poland ($8.69M).

Imports In 2023, Marshall Islands imported $4.04B in Passenger and Cargo Ships, becoming the 5th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 1st most imported product in Marshall Islands. Marshall Islands imports Passenger and Cargo Ships primarily from: China ($1.85B), Japan ($1.1B), Germany ($348M), Cyprus ($287M), and Denmark ($261M).

The fastest growing import markets in Passenger and Cargo Ships for Marshall Islands between 2022 and 2023 were China ($374M), Cyprus ($114M), and Germany ($78.1M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Passenger and Cargo Ships. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$439M
IMPORTS (2023)$4.04B
NET TRADE (2023)-$3.6B

In 2023, Marshall Islands exported $439M in Passenger and Cargo Ships. The main destinations of Marshall Islands exports on Passenger and Cargo Ships were Germany ($114M), Denmark ($94.7M), Cyprus ($75.8M), Indonesia ($69.5M), and Norway ($54.4M).

In 2023, Marshall Islands imported $4.04B in Passenger and Cargo Ships, mainly from China ($1.85B), Japan ($1.1B), Germany ($348M), Cyprus ($287M), and Denmark ($261M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Marshall Islands WERE (2022 - 2023):
Cyprus$64.4M (562%)
Norway$54.4M (1%)
Poland$8.69M (91.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Marshall Islands WERE (2022 - 2023):
Germany-$246M (-68.4%)
Denmark-$80.6M (-46%)
Turkey-$44.7M (-78.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Marshall Islands's main exporting competitors in Passenger and Cargo Ships were:
China $18.1B
Japan $9.72B
Germany $3.54B
In 2023, Marshall Islands's main importing competitors in Passenger and Cargo Ships were:

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Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Passenger and Cargo Ships’s highest export potential is N/A. With an export gap of N/A.   Passenger and Cargo Ships’s highest import potential is N/A with an import gap of N/A.

See methodology.

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