2023
Exports
$23.1MWorld Rnk 44 / 176
Flag Rnk 5 / 317
2023
PRODUCT COMPLEXITY IN Recreational Boats
0.24Rnk 483 / 1025
2023
Imports
$366MWorld Rnk 11 / 219
Flag Rnk 3 / 887

About

Exports In 2023, Marshall Islands exported $23.1M in Recreational Boats, making it the 44th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 5th most exported product in Marshall Islands. The main destination of Recreational Boats exports from Marshall Islands are: Malta ($15.7M), Italy ($3.26M), France ($1.22M), Germany ($1.19M), and Greece ($704k).

The fastest growing export markets for Recreational Boats of Marshall Islands between 2022 and 2023 were Germany ($558k), United Kingdom ($446k), and Spain ($247k).

Imports In 2023, Marshall Islands imported $366M in Recreational Boats, becoming the 11th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 3rd most imported product in Marshall Islands. Marshall Islands imports Recreational Boats primarily from: Italy ($245M), Croatia ($46M), Turkey ($38.9M), Greece ($22M), and France ($7M).

The fastest growing import markets in Recreational Boats for Marshall Islands between 2022 and 2023 were Italy ($131M), Croatia ($46M), and Greece ($19M).

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 Recreational Boats. 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)$23.1M
IMPORTS (2023)$366M
NET TRADE (2023)-$343M

In 2023, Marshall Islands exported $23.1M in Recreational Boats. The main destinations of Marshall Islands exports on Recreational Boats were Malta ($15.7M), Italy ($3.26M), France ($1.22M), Germany ($1.19M), and Greece ($704k).

In 2023, Marshall Islands imported $366M in Recreational Boats, mainly from Italy ($245M), Croatia ($46M), Turkey ($38.9M), Greece ($22M), and France ($7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Marshall Islands WERE (2022 - 2023):
Germany$558k (88.2%)
United Kingdom$446k (1%)
Spain$247k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Marshall Islands WERE (2022 - 2023):
Malta-$50.4M (-76.2%)
Greece-$7.47M (-91.4%)
Italy-$6.67M (-67.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Marshall Islands's main exporting competitors in Recreational Boats were:
In 2023, Marshall Islands's main importing competitors in Recreational Boats were:

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

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N/A
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Recreational Boats’s highest export potential is N/A. With an export gap of N/A.   Recreational Boats’s highest import potential is N/A with an import gap of N/A.

See methodology.

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