2023
Exports
$182MWorld Rnk 95 / 214
Flag Rnk 2 / 317
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$2.14BWorld Rnk 78 / 226
Flag Rnk 2 / 887

About

Exports In 2023, Marshall Islands exported $182M in Refined Petroleum, making it the 95th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Marshall Islands. The main destination of Refined Petroleum exports from Marshall Islands are: Ghana ($79.7M), Tanzania ($68.2M), Jamaica ($18.3M), Chile ($7.89M), and Pakistan ($6.43M).

The fastest growing export markets for Refined Petroleum of Marshall Islands between 2022 and 2023 were Ghana ($66.7M), Tanzania ($21.7M), and Jamaica ($18.3M).

Imports In 2023, Marshall Islands imported $2.14B in Refined Petroleum, becoming the 78th 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 ($1.18B), Brazil ($300M), Chinese Taipei ($228M), Greece ($118M), and Turkey ($104M).

The fastest growing import markets in Refined Petroleum for Marshall Islands between 2022 and 2023 were Singapore ($59M), Indonesia ($45.5M), and Thailand ($21M).

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 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 (2023)$182M
IMPORTS (2023)$2.14B
NET TRADE (2023)-$1.96B

In 2023, Marshall Islands exported $182M in Refined Petroleum. The main destinations of Marshall Islands exports on Refined Petroleum were Ghana ($79.7M), Tanzania ($68.2M), Jamaica ($18.3M), Chile ($7.89M), and Pakistan ($6.43M).

In 2023, Marshall Islands imported $2.14B in Refined Petroleum, mainly from China ($1.18B), Brazil ($300M), Chinese Taipei ($228M), Greece ($118M), and Turkey ($104M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Marshall Islands WERE (2022 - 2023):
Ghana$66.7M (515%)
Tanzania$21.7M (46.7%)
Jamaica$18.3M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Marshall Islands WERE (2022 - 2023):
South Africa-$40.1M (-100%)
Rwanda-$11.7M (-100%)
Namibia-$1.68M (-64.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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