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Exports In 2022, Marshall Islands exported $95.3M in Refined Petroleum, making it the 107th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Marshall Islands. The main destination of Refined Petroleum exports from Marshall Islands are: Tanzania ($40.9M), South Africa ($40.1M), Rwanda ($10.3M), Namibia ($2.29M), and Democratic Republic of the Congo ($932k).

The fastest growing export markets for Refined Petroleum of Marshall Islands between 2021 and 2022 were Tanzania ($40.9M), South Africa ($40.1M), and Rwanda ($9.59M).

Imports In 2022, Marshall Islands imported $2.76B in Refined Petroleum, becoming the 74th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Marshall Islands. Marshall Islands imports Refined Petroleum primarily from: China ($1.41B), Brazil ($409M), Chinese Taipei ($405M), United States ($167M), and Greece ($139M).

The fastest growing import markets in Refined Petroleum for Marshall Islands between 2021 and 2022 were China ($440M), Chinese Taipei ($330M), and Brazil ($125M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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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 Refined Petroleum. 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)$95.3M
IMPORTS (2022)$2.76B
NET TRADE (2022)-$2.67B

In 2022, Marshall Islands exported $95.3M in Refined Petroleum. The main destinations of Marshall Islands exports on Refined Petroleum were Tanzania ($40.9M), South Africa ($40.1M), Rwanda ($10.3M), Namibia ($2.29M), and Democratic Republic of the Congo ($932k).

In 2022, Marshall Islands imported $2.76B in Refined Petroleum, mainly from China ($1.41B), Brazil ($409M), Chinese Taipei ($405M), United States ($167M), and Greece ($139M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Marshall Islands WERE (2021 - 2022):
Tanzania$40.9M (1%)
South Africa$40.1M (455k%)
Rwanda$9.59M (1.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Marshall Islands WERE (2021 - 2022):
South Korea-$10.5M (-96.5%)
Singapore-$7.5M (-100%)
United States-$66.1k (-31.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Marshall Islands's main exporting competitors in Refined Petroleum were:
In 2022, Marshall Islands's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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