Overview: This page contains the latest international trade data for Marshall Islands, including service trade data. In 2018 Marshall Islands was the number 193 economy in the world in terms of GDP (current US$), the number 159 in total exports, and the number 127 in total imports. In 2018, Marshall Islands exported $661M and imported $5.6B, resulting in a negative trade balance of -$4.93B. In 2018, Marshall Islands's exports per capita were $11.3k and its imports per capita were $95.8k.
In 2018 Marshall Islands exported a total of $661M, making it the number 159 exporter in the world. During the last five reported years the exports of Marshall Islands have changed by -$149M from $810M in 2013 to $661M in 2018.
In 2018 Marshall Islands imported $5.6B, making it the number 127 trade destination in the world. During the last five reported years the imports of Marshall Islands changed by -$5.08B from $10.7B in 2013 to $5.6B in 2018.
In 2018, Marshall Islands exported $26.7M worth of services. The top services exported by Marshall Islands in 2018 were Transportation ($12.5M), Business travel ($6.65M), Government services, n.i.e. ($5.52M), Personal travel ($1.92M), and Computer and information services ($154k).
The top services imported by Marshall Islands in 2018 were Transportation ($28.7M), Personal travel ($15.1M), Business travel ($4.79M), Government services, n.i.e. ($4.05M), and Financial services ($2.99M).
This section shows forecasts for total product exports and imports for Marshall Islands. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
The top export opportunities for Marshall Islands according to the relatedness index, are Crustaceans (0.035), Palm Oil (0.033), Cocoa Beans (0.033), Crude Petroleum (0.033), and Molluscs (0.032). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Marshall Islands is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Marshall Islands
