In 2020, Marshall Islands exported a total of $747M, making it the number 162 exporter in the world. During the last five reported years the exports of Marshall Islands have changed by $180M from $567M in 2015 to $747M in 2020.
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).
The top export opportunities for Marshall Islands according to the relatedness index, are Cocoa Beans (0.046), Palm Oil (0.045), Crustaceans (0.043), Fish oil (0.042), and Molluscs (0.037). 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 a country currently specializes in.
This network shows the products most related to the production structure of Marshall Islands. These are products that tend to be co-exported with the products that Marshall Islands exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is 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 greenhouse emissions.