Finland (FIN) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

About

Finland-Marshall Islands Trade: In 2023, Finland exported $1.17M to Marshall Islands. The main products that Finland exported to Marshall Islands were Passenger and Cargo Ships ($641k), Electrical Transformers ($294k), and Recreational Boats ($188k). Over the past 6 years the exports of Finland to Marshall Islands have increased at an annualized rate of 39.1%, from $162k in 2017 to $1.17M in 2023.

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

Marshall Islands-Finland In N/A, Marshall Islands did not export any products to Finland.

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

Comparison In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $1.17M to Marshall Islands. The main products exported from Finland to Marshall Islands were Passenger and Cargo Ships ($641k), Electrical Transformers ($294k), and Recreational Boats ($188k). During the last 6 years the exports of Finland to Marshall Islands have increased at an annualized rate of 39.1%, from $162k in 2017 to $1.17M in 2023.

Marshall Islands does not register exports to Finland.

Exports from Finland () to Marshall Islands () (2023)

Exports from Marshall Islands () to Finland () (2023)

Latest Data

Trade between Finland () and Marshall Islands ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Finland than Marshall Islands included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Marshall Islands than Finland included Cyprus ($79.5M), Jamaica ($18.3M), and Samoa ($39.1k).

Difference in imports from Marshall Islands () and Finland () (2023)

Comparative Advantage Finland - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Marshall Islands in the exports of Transportation ($829k) and Machines ($342k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Marshall Islands () (2023)

Exports from Marshall Islands () to Finland () (2023)

Latest Data

Trade between Finland () and Marshall Islands ()

Finland Exports

Market Competitiveness

Difference in imports from Marshall Islands () and Finland () (2023)

Comparative Advantage Finland - Marshall Islands

Economic Complexity

Competitive Landscape

Product Space of Finland () and Marshall Islands () (2023)

Keep Exploring