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2023
Flag → Flag
Exports $263MRnk 52 / 217
2023
Flag → Flag
Top Product $261MPassenger and Cargo Ships
2023
Flag → Flag
Exports $94.8MRnk 3 / 76
2023
Flag → Flag
Top Product $94.7MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Denmark-Marshall Islands Trade: In 2023, Denmark exported $263M to Marshall Islands. The main products that Denmark exported to Marshall Islands were Passenger and Cargo Ships ($261M), Engine Parts ($966k), and Transmissions ($144k). Over the past 5 years the exports of Denmark to Marshall Islands have decreased at an annualized rate of 5.72%, from $354M in 2018 to $263M in 2023.

In 2023, Denmark did not export any services to Marshall Islands.

Marshall Islands-Denmark Trade: In 2023, Marshall Islands exported $94.8M to Denmark. The main products that Marshall Islands exported to Denmark were Passenger and Cargo Ships ($94.7M), Other Plastic Products ($13.6k), and Liquid Pumps ($6.2k). Over the past 5 years the exports of Marshall Islands to Denmark have increased at an annualized rate of 25.3%,  from $30.7M in 2018 to $94.8M in 2023.

In 2023, Marshall Islands did not export any services to Denmark.

Comparison In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13),  and 37 in total exports ($118B). That same year, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $263M to Marshall Islands. The main products exported from Denmark to Marshall Islands were Passenger and Cargo Ships ($261M), Engine Parts ($966k), and Transmissions ($144k). During the last 5 years the exports of Denmark to Marshall Islands have decreased at an annualized rate of 5.72%, from $354M in 2018 to $263M in 2023.

In 2018, Marshall Islands exported $94.8M to Denmark. The main products exported from Marshall Islands to Denmark were Passenger and Cargo Ships ($94.7M), Other Plastic Products ($13.6k), and Liquid Pumps ($6.2k). During the last 5 years the exports of Marshall Islands to Denmark have increased at an annualized rate of 25.3%, from $30.7M in 2023 to $94.8M in 2018.

Exports from Denmark (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and Marshall Islands (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Marshall Islands
Top DestinationUnited Kingdom$150M

This map shows whether countries import more from Denmark or Marshall Islands. Each country is colored based on the difference in imports they receive from Denmark and Marshall Islands or the difference in the growth in imports.

In 2023, countries that imported more from Denmark than Marshall Islands included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

In 2023, countries that imported more from Marshall Islands than Denmark included Tanzania ($68.2M), Ghana ($80.2M), and Cyprus ($79.5M).

Difference in imports from Marshall Islands (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Marshall Islands

Flow
Scale

This chart compares trade between Denmark and Marshall Islands by product, considering products traded by both, Denmark and Marshall Islands.

During 2023, Denmark had a large net trade with Marshall Islands in the exports of Transportation ($261M), Machines ($1.64M), and Metals ($355k).

During 2018, Marshall Islands had a large net trade with Denmark in the exports of Transportation ($94.7M), Plastics and Rubbers ($13.6k), and Machines ($7.78k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Denmark and Marshall Islands. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Marshall Islands. Similarly, a dot/product with the flag of Marshall Islands indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and Marshall Islands (Flag) (2023)

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