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2023
Flag → Flag
Exports $1.15MRnk 24 / 76
2023
Flag → Flag
Top Product $916kRefined Petroleum
2023
Flag → Flag
Exports $1.62MRnk 57 / 180
2023
Flag → Flag
Top Product $1.21MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.74Rnk 98 / 132
2023
Flag  
GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
 GDP$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH2.56%CURRENT US$
Rnk 167 / 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$4,168CURRENT US$
Rnk 129 / 196
2013-2023
Flag
GDP PC GROWTH-22%CURRENT US$
Rnk 180 / 195

About

Marshall Islands-Namibia Trade: In 2023, Marshall Islands exported $1.15M to Namibia. The main products that Marshall Islands exported to Namibia were Refined Petroleum ($916k), Excavation Machinery ($111k), and Lifting Machinery ($91.9k). Over the past 7 years the exports of Marshall Islands to Namibia have decreased at an annualized rate of 31.1%, from $15.6M in 2016 to $1.15M in 2023.

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

Namibia-Marshall Islands Trade: In 2023, Namibia exported $1.62M to Marshall Islands. The main products that Namibia exported to Marshall Islands were Refined Petroleum ($1.21M), Combustion Engines ($79.3k), and Other Plastic Products ($41.2k). Over the past 7 years the exports of Namibia to Marshall Islands have decreased at an annualized rate of 36.2%,  from $357M in 2016 to $1.62M in 2023.

In 2023, Namibia 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, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Marshall Islands exported $1.15M to Namibia. The main products exported from Marshall Islands to Namibia were Refined Petroleum ($916k), Excavation Machinery ($111k), and Lifting Machinery ($91.9k). During the last 7 years the exports of Marshall Islands to Namibia have decreased at an annualized rate of 31.1%, from $15.6M in 2016 to $1.15M in 2023.

In 2018, Namibia exported $1.62M to Marshall Islands. The main products exported from Namibia to Marshall Islands were Refined Petroleum ($1.21M), Combustion Engines ($79.3k), and Other Plastic Products ($41.2k). During the last 5 years the exports of Namibia to Marshall Islands have decreased at an annualized rate of 36.2%, from $357M in 2023 to $1.62M in 2018.

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

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

Latest Data

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

Namibia Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationUnited Kingdom$150M
Namibia
Top DestinationSouth Africa$1.71B

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

In 2023, countries that imported more from Marshall Islands than Namibia included Denmark ($94.8M), Ghana ($80.2M), and Cyprus ($79.5M).

In 2023, countries that imported more from Namibia than Marshall Islands included South Africa ($1.71B), China ($752M), and Botswana ($504M).

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

Comparative Advantage Marshall Islands - Namibia

Flow
Scale

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

During 2023, Marshall Islands had a large net trade with Namibia in the exports of Mineral Products ($916k), Machines ($227k), and Animal Products ($3.63k).

During 2018, Namibia had a large net trade with Marshall Islands in the exports of Mineral Products ($1.21M), Machines ($204k), and Metals ($73.9k).

Economic Complexity

Competitive Landscape

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

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

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