Marshall Islands (MHL) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Marshall Islands-Spain Trade: In 2022, Marshall Islands exported $2.94M to Spain. The main products that Marshall Islands exported to Spain were Additive manufacturing machines ($2.73M), Scrap Iron ($46.1k), and Other Iron Products ($29.7k). Over the past 5 years the exports of Marshall Islands to Spain have decreased at an annualized rate of 41%, from $41M in 2017 to $2.94M in 2022.

In 2022, Marshall Islands did not export any services to Spain.

Spain-Marshall Islands Trade: In 2022, Spain exported $5.35M to Marshall Islands. The main products that Spain exported to Marshall Islands were Non-fillet Frozen Fish ($3.17M), Recreational Boats ($1.26M), and Additive manufacturing machines ($527k). Over the past 5 years the exports of Spain to Marshall Islands have decreased at an annualized rate of 26.2%, from $60.5M in 2017 to $5.35M in 2022.

In 2022, Spain did not export any services to Marshall Islands.

Comparison In 2022, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Marshall Islands exported $2.94M to Spain. The main products exported from Marshall Islands to Spain were Additive manufacturing machines ($2.73M), Scrap Iron ($46.1k), and Other Iron Products ($29.7k). During the last 5 years the exports of Marshall Islands to Spain have decreased at an annualized rate of 41%, from $41M in 2017 to $2.94M in 2022.

In 2017, Spain exported $5.35M to Marshall Islands. The main products exported from Spain to Marshall Islands were Non-fillet Frozen Fish ($3.17M), Recreational Boats ($1.26M), and Additive manufacturing machines ($527k). During the last 5 years the exports of Spain to Marshall Islands have decreased at an annualized rate of 26.2%, from $60.5M in 2022 to $5.35M in 2017.

Exports from Marshall Islands () to Spain () (2022)

Exports from Spain () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

Spain
Top DestinationFrance$65.2B

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 2022, no countries were registered that imported more from Marshall Islands than from Spain.

In 2022, countries that imported more from Spain than Marshall Islands included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with Spain in the exports of Machines ($2.79M), Metals ($79.9k), and Stone And Glass ($38.9k).

During 2017, Spain had a large net trade with Marshall Islands in the exports of Animal Products ($3.17M), Transportation ($1.3M), and Machines ($656k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Marshall Islands () to Spain () (2022)

Exports from Spain () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Marshall Islands () and Spain () (2022)

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