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2023
Flag → Flag
Exports $87kRnk 41 / 76
2023
Flag → Flag
Top Product $73.4kCarboxylic Acids
2023
Flag → Flag
Exports $2.27MRnk 191 / 220
2023
Flag → Flag
Top Product $621kUtility Meters
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Marshall Islands-India Trade: In 2023, Marshall Islands exported $87k to India. The main products that Marshall Islands exported to India were Carboxylic Acids ($73.4k), Refined Petroleum ($10.8k), and Scrap Iron ($2.8k). Over the past 5 years the exports of Marshall Islands to India have decreased at an annualized rate of 13.3%, from $178k in 2018 to $87k in 2023.

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

India-Marshall Islands Trade: In 2023, India exported $2.27M to Marshall Islands. The main products that India exported to Marshall Islands were Utility Meters ($621k), Stone Processing Machines ($615k), and Computers ($509k). Over the past 5 years the exports of India to Marshall Islands have decreased at an annualized rate of 29.9%,  from $13.4M in 2018 to $2.27M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Marshall Islands exported $87k to India. The main products exported from Marshall Islands to India were Carboxylic Acids ($73.4k), Refined Petroleum ($10.8k), and Scrap Iron ($2.8k). During the last 5 years the exports of Marshall Islands to India have decreased at an annualized rate of 13.3%, from $178k in 2018 to $87k in 2023.

In 2018, India exported $2.27M to Marshall Islands. The main products exported from India to Marshall Islands were Utility Meters ($621k), Stone Processing Machines ($615k), and Computers ($509k). During the last 5 years the exports of India to Marshall Islands have decreased at an annualized rate of 29.9%, from $13.4M in 2023 to $2.27M in 2018.

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

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

Latest Data

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

India Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationUnited Kingdom$150M
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from India than Marshall Islands included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Marshall Islands - India

Flow
Scale

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

During 2023, Marshall Islands had a large net trade with India in the exports of Chemical Products ($73.4k), Mineral Products ($10.8k), and Metals ($2.8k).

During 2018, India had a large net trade with Marshall Islands in the exports of Machines ($1.22M), Instruments ($705k), and Transportation ($180k).

Economic Complexity

Competitive Landscape

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.

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

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