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Flag → Flag
Top Product $982Crustaceans
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Flag → Flag
Exports $577kRnk 82 / 160
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Flag → Flag
Top Product $577kRefined Petroleum
2022
Flag  
GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
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GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $6,728CURRENT US$
Rnk 96 / 186
2012-2022
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GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

In N/A, Marshall Islands did not export any services to Iceland.

Iceland-Marshall Islands Trade: In N/A, Iceland exported $577k to Marshall Islands. The main products that Iceland exported to Marshall Islands were Refined Petroleum ($577k). Over the past N/A years the exports of Iceland to Marshall Islands have increased at an annualized rate of 71.5%,  from $38.8k in N/A to $577k in N/A.

In N/A, Iceland did not export any services to Marshall Islands.

Comparison In 2022,  Marshall Islands ranked 160 in total exports ($1.1B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Marshall Islands does not register exports to Iceland. The main products exported from Marshall Islands to Iceland were Crustaceans ($982) and Rubber Footwear ($193).

In 2017, Iceland exported $577k to Marshall Islands. The main products exported from Iceland to Marshall Islands were Refined Petroleum ($577k). During the last 5 years the exports of Iceland to Marshall Islands have increased at an annualized rate of 71.5%, from $38.8k in 2022 to $577k in 2017.

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

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

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationGermany$327M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Marshall Islands than Iceland included Malta ($66.2M), Indonesia ($58.1M), and Tanzania ($41M).

In 2022, countries that imported more from Iceland than Marshall Islands included Netherlands ($1.97B), United States ($613M), and United Kingdom ($672M).

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

Comparative Advantage Marshall Islands - Iceland

Flow
Scale

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

During 2017, Iceland had a large net trade with Marshall Islands in the exports of Mineral Products ($577k).

Economic Complexity

Competitive Landscape

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

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

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