Japan (JPN) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

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Japan (JPN) and Marshall Islands (MHL) Trade

2022

→

Exports $1.23BRnk 47 / 211

2022

→

Top Product $1.19BPassenger and Cargo Ships

2022

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Exports $5.87MRnk 19 / 80

2022

→

Top Product $5.66MNon-fillet Frozen Fish

2022

Economic Complexity (ECI) ECI 1.99Rnk 1 / 124

2022

GDP$4.23TCURRENT US$
Rnk 3 / 186

2012-2022

GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186

2022

GDP$280MCURRENT US$
Rnk 183 / 186

2012-2022

GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186

2022

GDP PC $33,815CURRENT US$
Rnk 32 / 186

2012-2022

GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

2022

GDP PC$6,728CURRENT US$
Rnk 96 / 186

2012-2022

GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

Image 1

Image by Bruno Cordioli
Link: https://flic.kr/p/bwAXab

Image 2

Image by HonoluluDistrict
Link: https://flic.kr/p/ebBP8B

Latest Trends
Historical Data
Economic Complexity

About

Japan-Marshall Islands In 2022, Japan exported $1.23B to Marshall Islands. The main products that Japan exported to Marshall Islands are Passenger and Cargo Ships ($1.19B), Engine Parts ($10.1M), and Liquid Pumps ($3.7M). During the last 27 years the exports of Japan to Marshall Islands have increased at an annualized rate of 7.53%, from $174M in 1995 to $1.23B in 2022.

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

Marshall Islands-Japan In 2022, Marshall Islands exported $5.87M to Japan. The main products that Marshall Islands exported to Japan were Non-fillet Frozen Fish ($5.66M), Live Fish ($117k), and Non-fillet Fresh Fish ($89.9k). During the last 27 years the exports of Marshall Islands to Japan have decreased at an annualized rate of 3.93%, from $17.3M in 1995 to $5.87M in 2022.

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

Comparison In 2022, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B). That same year, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Japan exported ¥18.2B and imported ¥20.3M from Marshall Islands, resulting in a positive trade balance of ¥18.2B. Between January 2023 and January 2024 the exports of Japan have increased by ¥10.6B (139%) from ¥7.61B to ¥18.2B, while imports decreased by ¥-58.1M (-74.1%) from ¥78.4M to ¥20.3M.

Trade In January 2024, the top exports of Japan to Marshall Islands were Passenger and Cargo Ships (¥7.17B), Engine Parts (¥101M), Liquid Pumps (¥55.6M), Transmissions (¥38.1M), and Machinery parts, not containing electrical connectors,... (¥27.8M). In January 2024 the top imports of Japan from Marshall Islands were Non-fillet Frozen Fish (¥77.2M) and Live Fish (¥1.22M).

Origins In January 2024 the exports of Japan were mainly from Hiroshima (¥7.48B), Kagawa (¥5.42B), Okayama (¥4.85B), Osaka (¥366M), and Kanagawa (¥105M), while imports destinations were mainly Iwate (¥16.3M), Fukuoka (¥3.2M), and Chiba (¥837k).

Growth In January 2024, the increase in Japan's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Liquid Pumps (¥23.9M or 75.6%), Engine Parts (¥23.4M or 30.3%), and Transmissions (¥13.2M or 52.8%). In January 2024, the decrease in Japan's year-by-year imports from Marshall Islands was explained primarily by an decrease in product imports in Non-fillet Frozen Fish (¥-325M or -80.8%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)¥10.6B(139%)

IMPORT GROWTH (January 2023 - January 2024)¥-58.1M(-74.1%)

MAIN EXPORTER (January 2024)Hiroshima¥7.48B

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Japan exported $1.23B to Marshall Islands. The main products exported from Japan to Marshall Islands were Passenger and Cargo Ships ($1.19B), Engine Parts ($10.1M), and Liquid Pumps ($3.7M). During the last 27 years the exports of Japan to Marshall Islands have increased at an annualized rate of 7.53%, from $174M in 1995 to $1.23B in 2022.

In 2022, Marshall Islands exported $5.87M to Japan. The main products exported from Marshall Islands to Japan were Non-fillet Frozen Fish ($5.66M), Live Fish ($117k), and Non-fillet Fresh Fish ($89.9k). During the last 27 years the exports of Marshall Islands to Japan have decreased at an annualized rate of 3.93%, from $17.3M in 1995 to $5.87M in 2022.

Exports from Japan () to Marshall Islands () (2022)

Exports from Marshall Islands () to Japan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Japan
Top DestinationUnited States$137B

Marshall Islands
Top DestinationGermany$327M

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

In 2021, countries that imported more from Japan than Marshall Islands were United States ($137B), China ($135B), and South Korea ($50.8B).

In 2019, no countries were registered that imported more from Marshall Islands than from Japan.

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

Comparative Advantage Japan - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Japan had a large net trade with Marshall Islands in the exports of Transportation ($1.19B), Machines ($31.9M), and Plastics and Rubbers ($2.59M).

During 2022, Marshall Islands had a large net trade with Japan in the exports of Animal Products ($5.87M), Metals ($3.94k), and Mineral Products ($1.96k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Japan has comparative advantage over Marshall Islands. Similarly, the more yellow a dot/product is, the more Marshall Islands has comparative advantage over Japan.

Product Space of Japan () and Marshall Islands () (2022)

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