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2023
Flag → Flag
Exports $84.3MRnk 92 / 217
2023
Flag → Flag
Top Product $81.6MRefined Petroleum
2023
Flag → Flag
Exports $40.1kRnk 50 / 76
2023
Flag → Flag
Top Product $15.6kStranded Iron Wire
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Singapore-Marshall Islands Trade: In 2023, Singapore exported $84.3M to Marshall Islands. The main products that Singapore exported to Marshall Islands were Refined Petroleum ($81.6M), Plastic Housewares ($725k), and Flavored Water ($419k). Over the past 5 years the exports of Singapore to Marshall Islands have increased at an annualized rate of 33.3%, from $20.1M in 2018 to $84.3M in 2023.

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

Marshall Islands-Singapore Trade: In 2023, Marshall Islands exported $40.1k to Singapore. The main products that Marshall Islands exported to Singapore were Stranded Iron Wire ($15.6k), Integrated Circuits ($14k), and Engine Parts ($6.63k). Over the past 5 years the exports of Marshall Islands to Singapore have decreased at an annualized rate of 5.47%,  from $56.2k in 2018 to $40.1k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). That same year, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $84.3M to Marshall Islands. The main products exported from Singapore to Marshall Islands were Refined Petroleum ($81.6M), Plastic Housewares ($725k), and Flavored Water ($419k). During the last 5 years the exports of Singapore to Marshall Islands have increased at an annualized rate of 33.3%, from $20.1M in 2018 to $84.3M in 2023.

In 2018, Marshall Islands exported $40.1k to Singapore. The main products exported from Marshall Islands to Singapore were Stranded Iron Wire ($15.6k), Integrated Circuits ($14k), and Engine Parts ($6.63k). During the last 5 years the exports of Marshall Islands to Singapore have decreased at an annualized rate of 5.47%, from $56.2k in 2023 to $40.1k in 2018.

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

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

Latest Data

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

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Marshall Islands
Top DestinationUnited Kingdom$150M

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 2023, countries that imported more from Singapore than Marshall Islands included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Marshall Islands than Singapore included Cyprus ($79.5M) and Jamaica ($18.3M).

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

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 2023, Singapore had a large net trade with Marshall Islands in the exports of Mineral Products ($82M), Plastics and Rubbers ($734k), and Foodstuffs ($723k).

During 2018, Marshall Islands had a large net trade with Singapore in the exports of Machines ($21.6k), Metals ($15.6k), and Stone And Glass ($2.65k).

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) (2023)

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