Singapore (SGP) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

2022

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Exports $24.1MRnk 120 / 215

2022

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About

Singapore-Marshall Islands Trade: In 2022, Singapore exported $24.1M to Marshall Islands. The main products that Singapore exported to Marshall Islands were Refined Petroleum ($22.6M), Plastic Housewares ($555k), and Flavored Water ($399k). Over the past 5 years the exports of Singapore to Marshall Islands have increased at an annualized rate of 26.1%, from $7.59M in 2017 to $24.1M in 2022.

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

Marshall Islands-Singapore Trade: In 2022, Marshall Islands exported $55.1k to Singapore. The main products that Marshall Islands exported to Singapore were Engine Parts ($17.6k), Industrial Printers ($17.6k), and Knit Women's Suits ($7.47k). Over the past 5 years the exports of Marshall Islands to Singapore have decreased at an annualized rate of 60.5%, from $5.73M in 2017 to $55.1k in 2022.

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

Comparison In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Latest Data

Trade between Singapore () and Marshall Islands ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Marshall Islands
Top DestinationGermany$327M

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

In 2022, countries that imported more from Singapore than Marshall Islands included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Marshall Islands than Singapore included Denmark ($159M).

Difference in imports from Marshall Islands () and Singapore () (2022)

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Marshall Islands. This means that a dot/product with the flag of Singapore 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 Singapore.