Portugal (PRT) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

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Portugal-Marshall Islands Trade: In 2023, Portugal exported $321k to Marshall Islands. The main products that Portugal exported to Marshall Islands were Stranded Iron Wire ($321k). Over the past 5 years the exports of Portugal to Marshall Islands have decreased at an annualized rate of 8.42%, from $498k in 2018 to $321k in 2023.

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

Marshall Islands-Portugal Trade: In 2023, Marshall Islands exported $30.4k to Portugal. The main products that Marshall Islands exported to Portugal were Live Fish ($26.9k), Scrap Iron ($3.17k), and Other Floating Structures ($324). Over the past 5 years the exports of Marshall Islands to Portugal have increased at an annualized rate of 33.9%, from $7.06k in 2018 to $30.4k in 2023.

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

Comparison In 2023, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €182k and imported €187 from Marshall Islands, resulting in a positive trade balance of €182k. Between December 2023 and December 2024 the exports of Portugal have increased by €109k (150%) from €72.6k to €182k, while imports decreased by €-2.39k (-92.7%) from €2.58k to €187.

Trade In December 2024, the top exports of Portugal to Marshall Islands were Iron/Steel Articles (€73.2k), Unclassified (€1.1k), Live animals (€0), Meat & edible offal (€0), and Fish, Crustaceans & Molluscs (€0). In December 2024 the top imports of Portugal from Marshall Islands were Iron/Steel Articles (€457), Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In December 2024, the increase in Portugal's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in . In December 2024, the decrease in Portugal's year-by-year imports from Marshall Islands was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)€109k(150%)

IMPORT GROWTH (December 2023 - December 2024)€-2.39k(-92.7%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Marshall Islands and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Portugal exported $321k to Marshall Islands. The main products exported from Portugal to Marshall Islands were Stranded Iron Wire ($321k). During the last 5 years the exports of Portugal to Marshall Islands have decreased at an annualized rate of 8.42%, from $498k in 2018 to $321k in 2023.

In 2018, Marshall Islands exported $30.4k to Portugal. The main products exported from Marshall Islands to Portugal were Live Fish ($26.9k), Scrap Iron ($3.17k), and Other Floating Structures ($324). During the last 5 years the exports of Marshall Islands to Portugal have increased at an annualized rate of 33.9%, from $7.06k in 2023 to $30.4k in 2018.

Exports from Portugal () to Marshall Islands () (2023)

Exports from Marshall Islands () to Portugal () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$17.7B

Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Portugal than Marshall Islands included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Marshall Islands than Portugal included Tanzania ($68.2M), Ghana ($80.2M), and Indonesia ($70.7M).

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

Comparative Advantage Portugal - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Portugal had a large net trade with Marshall Islands in the exports of Metals ($321k).

During 2018, Marshall Islands had a large net trade with Portugal in the exports of Animal Products ($26.9k), Metals ($3.17k), and Transportation ($324).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Marshall Islands () (2023)

Exports from Marshall Islands () to Portugal () (2023)

Market Competitiveness

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

Comparative Advantage Portugal - Marshall Islands

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Marshall Islands () (2023)

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