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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $316k in 2023.

In 2018, 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 2023 to $15.6M in 2018.

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

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

Latest Data

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

Spain Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Marshall Islands - Spain

Flow
Scale

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

During 2023, Marshall Islands had a large net trade with Spain in the exports of Transportation ($270k), Machines ($41.1k), and Metals ($2.47k).

During 2018, Spain had a large net trade with Marshall Islands in the exports of Transportation ($11.9M), Machines ($1.66M), and Instruments ($1.25M).

Economic Complexity

Competitive Landscape

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

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

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