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2022
Flag → Flag
Exports $24.1MRnk 120 / 215
2022
Flag → Flag
Top Product $22.6MRefined Petroleum
2022
Flag → Flag
Exports $55.1kRnk 51 / 80
2022
Flag → Flag
Top Product $17.6kEngine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

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

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $24.1M to Marshall Islands. The main products exported from Singapore to Marshall Islands were Refined Petroleum ($22.6M), Plastic Housewares ($555k), and Flavored Water ($399k). During the last 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 2017, Marshall Islands exported $55.1k to Singapore. The main products exported from Marshall Islands to Singapore were Engine Parts ($17.6k), Industrial Printers ($17.6k), and Knit Women's Suits ($7.47k). During the last 5 years the exports of Marshall Islands to Singapore have decreased at an annualized rate of 60.5%, from $5.73M in 2022 to $55.1k in 2017.

Exports from Singapore (Flag) to Marshall Islands (Flag) (2022)

Exports from Marshall Islands (Flag) to Singapore (Flag) (2022)

Latest Data

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

Singapore Exports

Market Competitiveness

Color
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 (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Marshall Islands

Flow
Scale

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

During 2022, Singapore had a large net trade with Marshall Islands in the exports of Mineral Products ($22.6M), Foodstuffs ($597k), and Plastics and Rubbers ($563k).

During 2017, Marshall Islands had a large net trade with Singapore in the exports of Machines ($35.2k), Textiles ($8.88k), and Animal Products ($4.13k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Marshall Islands+N/AN/A
Top Product Potential Marshall Islands Singapore+N/AN/A

N/A

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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.

Product Space of Singapore (Flag) and Marshall Islands (Flag) (2022)

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