2022
Exports
$642MWorld Rnk 17 / 137
Flag Rnk 1 / 330
2022
PRODUCT COMPLEXITY IN Passenger and Cargo Ships
-0.47Rnk 691 / 1025
2022
Imports
$6.8BWorld Rnk 3 / 185
Flag Rnk 1 / 875

About

Exports In 2022, Marshall Islands exported $642M in Passenger and Cargo Ships, making it the 17th 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 ($326M), Denmark ($159M), Indonesia ($57.2M), Turkey ($51.7M), and South Korea ($26.1M).

The fastest growing export markets for Passenger and Cargo Ships of Marshall Islands between 2021 and 2022 were Germany ($125M), Indonesia ($57.2M), and Turkey ($25M).

Imports In 2022, Marshall Islands imported $6.8B in Passenger and Cargo Ships, becoming the 3rd 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: South Korea ($3.24B), China ($1.48B), Japan ($1.19B), Germany ($270M), and Denmark ($202M).

The fastest growing import markets in Passenger and Cargo Ships for Marshall Islands between 2021 and 2022 were Italy ($99.1M), Germany ($81.4M), and Japan ($37.4M).

Latest Trends

Oct 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 (2022)$642M
IMPORTS (2022)$6.8B
NET TRADE (2022)-$6.16B

In 2022, Marshall Islands exported $642M in Passenger and Cargo Ships. The main destinations of Marshall Islands exports on Passenger and Cargo Ships were Germany ($326M), Denmark ($159M), Indonesia ($57.2M), Turkey ($51.7M), and South Korea ($26.1M).

In 2022, Marshall Islands imported $6.8B in Passenger and Cargo Ships, mainly from South Korea ($3.24B), China ($1.48B), Japan ($1.19B), Germany ($270M), and Denmark ($202M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Marshall Islands WERE (2021 - 2022):
Germany$125M (62.6%)
Indonesia$57.2M (1%)
Turkey$25M (93.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Marshall Islands WERE (2021 - 2022):
Denmark-$291M (-64.6%)
South Korea-$235M (-90%)
Poland-$115M (-93.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Marshall Islands's main exporting competitors in Passenger and Cargo Ships were:
In 2022, 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
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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.

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