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2023
Flag → Flag
Exports $15.6MRnk 156 / 220
2023
Flag → Flag
Top Product $11.4MPassenger and Cargo Ships
2023
Flag → Flag
Exports $316kRnk 29 / 76
2023
Flag → Flag
Top Product $247kRecreational Boats
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Spain-Marshall Islands Trade: In 2023, Spain exported $15.6M to Marshall Islands. The main products that Spain exported to Marshall Islands were Passenger and Cargo Ships ($11.4M), Gas and Liquid Flow Measuring Instruments ($1.24M), and Navigation Equipment ($853k). Over the past 5 years the exports of Spain to Marshall Islands have decreased at an annualized rate of 1.79%, from $17M in 2018 to $15.6M in 2023.

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

Marshall Islands-Spain Trade: In 2023, Marshall Islands exported $316k to Spain. The main products that Marshall Islands exported to Spain were Recreational Boats ($247k), Engine Parts ($35.3k), and Other Floating Structures ($22.7k). Over the past 5 years the exports of Marshall Islands to Spain have decreased at an annualized rate of 44.5%,  from $5.99M in 2018 to $316k in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). That same year, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €118k and imported €4.38k from Marshall Islands, resulting in a positive trade balance of €114k. Between December 2023 and December 2024 the exports of Spain have decreased by €-9.68k (-7.56%) from €128k to €118k, while imports increased by €3.27k (293%) from €1.11k to €4.38k.

Trade In December 2024, the top exports of Spain to Marshall Islands were Forage Crops (€135k), Video Cameras (€59.6k), Navigation Equipment (€59.6k), Telephones (€29.7k), and Other Electrical Machinery (€27k). In December 2024 the top imports of Spain from Marshall Islands were Scrap Iron (€6.93k), Other Floating Structures (€1.7k), Engine Parts (€1.24k), Valves (€183), and Commodities not elsewhere specified (€41.3).

Origins In December 2024 the exports of Spain were mainly from Murcia (€40.8k) and Madrid (€1.7k), while imports destinations were mainly Cádiz (€2.49k) and Barcelona (€1.89k).

Growth In December 2024, the decrease in Spain's year-by-year exports to Marshall Islands was explained primarily by an decrease in product exports in . In December 2024, the increase in Spain's year-by-year imports  from Marshall Islands was explained primarily by an increase in product imports  in Commodities not elsewhere specified (€27.3 or 195%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€-9.68k(-7.56%)
IMPORT GROWTH (December 2023 - December 2024)€3.27k(293%)
MAIN EXPORTER (December 2024)Murcia€40.8k

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Marshall Islands and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $15.6M to Marshall Islands. The main products exported from Spain to Marshall Islands were Passenger and Cargo Ships ($11.4M), Gas and Liquid Flow Measuring Instruments ($1.24M), and Navigation Equipment ($853k). During the last 5 years the exports of Spain to Marshall Islands have decreased at an annualized rate of 1.79%, from $17M in 2018 to $15.6M in 2023.

In 2018, Marshall Islands exported $316k to Spain. The main products exported from Marshall Islands to Spain were Recreational Boats ($247k), Engine Parts ($35.3k), and Other Floating Structures ($22.7k). During the last 5 years the exports of Marshall Islands to Spain have decreased at an annualized rate of 44.5%, from $5.99M in 2023 to $316k in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Spain than Marshall Islands included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, no countries were registered that imported more from Marshall Islands than from Spain.

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

Comparative Advantage Spain - Marshall Islands

Flow
Scale

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

During 2023, Spain had a large net trade with Marshall Islands in the exports of Transportation ($11.9M), Machines ($1.66M), and Instruments ($1.25M).

During 2018, Marshall Islands had a large net trade with Spain in the exports of Transportation ($270k), Machines ($41.1k), and Metals ($2.47k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Marshall Islands. This means that a dot/product with the flag of Spain 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 Spain.

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

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