2023
Flag  
GDP
$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH
39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$6,678CURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP PC GROWTH
81.6%CURRENT US$
Rnk 14 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Marshall Islands-South Korea Trade: In 2022, Marshall Islands exported $29.3M to South Korea. The main products that Marshall Islands exported to South Korea were N/A. Over the past 5 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 1.21%, from $27.6M in 2017 to $29.3M in 2022.

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

South Korea-Marshall Islands Trade: In 2022, South Korea exported $3.25B to Marshall Islands. The main products that South Korea exported to Marshall Islands were N/A. Over the past 5 years the exports of South Korea to Marshall Islands have decreased at an annualized rate of 13.9%,  from $6.87B in 2017 to $3.25B in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Marshall Islands exported $29.3M to South Korea. There were not main exports from Marshall Islands to South Korea in 2022. During the last 5 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 1.21%, from $27.6M in 2017 to $29.3M in 2022.

In 2017, South Korea exported $3.25B to Marshall Islands. There were not main exports from South Korea to Marshall Islands in 2017. During the last 5 years the exports of South Korea to Marshall Islands have decreased at an annualized rate of 13.9%, from $6.87B in 2022 to $3.25B in 2017.

Exports from Marshall Islands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Marshall Islands (Flag) (2022)

Latest Data

Trade between Marshall Islands (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Marshall Islands
Top Destination
United Kingdom$150M
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Marshall Islands than South Korea included Cyprus ($79.5M).

In 2023, countries that imported more from South Korea than Marshall Islands included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Marshall Islands (Flag) (2023)

Comparative Advantage Marshall Islands - South Korea

Flow
Scale

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

During 2022, Marshall Islands had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Marshall Islands in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and South Korea (Flag) (2022)

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