In 2019, Marshall Islands exported a total of $1.11B, making it the number 155 exporter in the world. During the last five reported years the exports of Marshall Islands have changed by $266M from $845M in 2014 to $1.11B in 2019.
In 2019 Marshall Islands imported $8.89B, making it the number 111 trade destination in the world. During the last five reported years the imports of Marshall Islands changed by -$3.95B from $12.8B in 2014 to $8.89B in 2019.
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 Crustaceans (0.039), Crude Petroleum (0.037), Molluscs (0.036), Cocoa Beans (0.035), and Processed Crustaceans (0.034). 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.
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 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.