Marshall Islands (MHL) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Marshall Islands-Russia Trade: In 2021, Marshall Islands exported $1.81M to Russia. The main products that Marshall Islands exported to Russia were N/A. Over the past 7 years the exports of Marshall Islands to Russia have increased at an annualized rate of 193%, from $972 in 2014 to $1.81M in 2021.

In 2021, Marshall Islands did not export any services to Russia.

Russia-Marshall Islands Trade: In 2021, Russia exported $441k to Marshall Islands. The main products that Russia exported to Marshall Islands were N/A. Over the past 7 years the exports of Russia to Marshall Islands have decreased at an annualized rate of 1.78%, from $482k in 2014 to $441k in 2021.

In 2020, Russia exported services to Marshall Islands worth $46.7M, with Transportation ($39M), Other business services ($3.73M), and Personal, cultural, and recreational services ($1.54M) being the largest in terms of value.

Comparison In 2023, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Marshall Islands exported $1.81M to Russia. There were not main exports from Marshall Islands to Russia in 2021. During the last 7 years the exports of Marshall Islands to Russia have increased at an annualized rate of 193%, from $972 in 2014 to $1.81M in 2021.

In 2016, Russia exported $441k to Marshall Islands. There were not main exports from Russia to Marshall Islands in 2016. During the last 5 years the exports of Russia to Marshall Islands have decreased at an annualized rate of 1.78%, from $482k in 2021 to $441k in 2016.

Exports from Marshall Islands () to Russia () (2021)

Exports from Russia () to Marshall Islands () (2021)

Latest Data

Trade between Marshall Islands () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationUnited Kingdom$150M

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Marshall Islands than Russia included Cyprus ($79.5M), Malta ($15.7M), and Fiji ($947k).

In 2023, countries that imported more from Russia than Marshall Islands included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Marshall Islands () (2023)

Comparative Advantage Marshall Islands - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Marshall Islands had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Marshall Islands in the exports of .

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Marshall Islands worth $46.7M, with Transportation ($39M), Other business services ($3.73M), and Personal, cultural, and recreational services ($1.54M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Marshall Islands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Marshall Islands () to Russia () (2021)

Exports from Russia () to Marshall Islands () (2021)

Latest Data

Trade between Marshall Islands () and Russia ()

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Marshall Islands () (2023)

Comparative Advantage Marshall Islands - Russia

Bilateral Service Trade

Services Exports from Russia () to Marshall Islands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Marshall Islands () and Russia () (2021)

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