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2022
Flag → Flag
Exports $101kRnk 47 / 80
2022
Flag → Flag
Top Product $97.6kLeather Footwear
2022
Flag → Flag
Exports $30.5kRnk 191 / 207
2022
Flag → Flag
Top Product $21.7kAir Pumps
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
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GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $6,728CURRENT US$
Rnk 96 / 186
2012-2022
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GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Marshall Islands-Finland Trade: In 2022, Marshall Islands exported $101k to Finland. The main products that Marshall Islands exported to Finland were Leather Footwear ($97.6k) and Liquid Dispersing Machines ($3.22k). Over the past 10 years the exports of Marshall Islands to Finland have increased at an annualized rate of 41.7%, from $3.08k in 2012 to $101k in 2022.

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

Finland-Marshall Islands Trade: In 2022, Finland exported $30.5k to Marshall Islands. The main products that Finland exported to Marshall Islands were Air Pumps ($21.7k), Gas Turbines ($8.68k), and Other Rubber Products ($147). Over the past 10 years the exports of Finland to Marshall Islands have decreased at an annualized rate of 28.4%,  from $162k in 2012 to $30.5k in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Marshall Islands exported $101k to Finland. The main products exported from Marshall Islands to Finland were Leather Footwear ($97.6k) and Liquid Dispersing Machines ($3.22k). During the last 10 years the exports of Marshall Islands to Finland have increased at an annualized rate of 41.7%, from $3.08k in 2012 to $101k in 2022.

In 2017, Finland exported $30.5k to Marshall Islands. The main products exported from Finland to Marshall Islands were Air Pumps ($21.7k), Gas Turbines ($8.68k), and Other Rubber Products ($147). During the last 5 years the exports of Finland to Marshall Islands have decreased at an annualized rate of 28.4%, from $162k in 2022 to $30.5k in 2017.

Exports from Marshall Islands (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Marshall Islands (Flag) (2022)

Latest Data

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

Finland Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationGermany$327M
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Marshall Islands than Finland included Malta ($66.2M).

In 2022, countries that imported more from Finland than Marshall Islands included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

Difference in imports from Finland (Flag) and Marshall Islands (Flag) (2022)

Comparative Advantage Marshall Islands - Finland

Flow
Scale

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

During 2022, Marshall Islands had a large net trade with Finland in the exports of Footwear and Headwear ($97.6k) and Machines ($3.22k).

During 2017, Finland had a large net trade with Marshall Islands in the exports of Machines ($30.4k) and Plastics and Rubbers ($147).

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and Finland (Flag) (2022)

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