Marshall Islands (MHL) and India (IND) Trade | The Observatory of Economic Complexity

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Marshall Islands-India Trade: In 2022, Marshall Islands exported $797k to India. The main products that Marshall Islands exported to India were Ferroalloys ($296k), Carbonates ($150k), and Clays ($73k). Over the past 5 years the exports of Marshall Islands to India have increased at an annualized rate of 42.9%, from $134k in 2017 to $797k in 2022.

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

India-Marshall Islands Trade: In 2022, India exported $461k to Marshall Islands. The main products that India exported to Marshall Islands were Cars ($255k), Packaged Medicaments ($65.2k), and Vaccines, blood, antisera, toxins and cultures ($47.9k). Over the past 5 years the exports of India to Marshall Islands have increased at an annualized rate of 46.6%, from $68.1k in 2017 to $461k in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Marshall Islands exported $797k to India. The main products exported from Marshall Islands to India were Ferroalloys ($296k), Carbonates ($150k), and Clays ($73k). During the last 5 years the exports of Marshall Islands to India have increased at an annualized rate of 42.9%, from $134k in 2017 to $797k in 2022.

In 2017, India exported $461k to Marshall Islands. The main products exported from India to Marshall Islands were Cars ($255k), Packaged Medicaments ($65.2k), and Vaccines, blood, antisera, toxins and cultures ($47.9k). During the last 5 years the exports of India to Marshall Islands have increased at an annualized rate of 46.6%, from $68.1k in 2022 to $461k in 2017.

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

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

Latest Data

Trade between Marshall Islands () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

India
Top DestinationUnited States$82.9B

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

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

In 2022, countries that imported more from India than Marshall Islands included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Marshall Islands - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with India in the exports of Metals ($296k), Chemical Products ($200k), and Machines ($152k).

During 2017, India had a large net trade with Marshall Islands in the exports of Transportation ($255k), Chemical Products ($116k), and Machines ($61.1k).

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 India. This means that a dot/product with the flag of Marshall Islands indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Marshall Islands.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Marshall Islands () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Marshall Islands - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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