2022
Flag  
GDP
$280MCURRENT US$
Rnk 183 / 186
2012-2022
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GDP GROWTH
55.5%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$6,728CURRENT US$
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2012-2022
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GDP PC GROWTH
95.3%CURRENT US$
Rnk 9 / 186
2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Marshall Islands-South Korea In 2022, Marshall Islands exported $26.9M to South Korea. The main products that Marshall Islands exported to South Korea are Passenger and Cargo Ships ($26.1M), Refined Petroleum ($381k), and Scrap Iron ($117k). During the last 27 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 39.4%, from $3.39k in 1995 to $26.9M in 2022.

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

South Korea-Marshall Islands In 2022, South Korea exported $3.25B to Marshall Islands. The main products that South Korea exported to Marshall Islands were Passenger and Cargo Ships ($3.24B), Cars ($1.32M), and Petroleum Gas ($696k). During the last 27 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 32.9%, from $1.51M in 1995 to $3.25B in 2022.

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

Comparison In 2022,  Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Marshall Islands exported $26.9M to South Korea. The main products exported from Marshall Islands to South Korea were Passenger and Cargo Ships ($26.1M), Refined Petroleum ($381k), and Scrap Iron ($117k). During the last 27 years the exports of Marshall Islands to South Korea have increased at an annualized rate of 39.4%, from $3.39k in 1995 to $26.9M in 2022.

In 2022, South Korea exported $3.25B to Marshall Islands. The main products exported from South Korea to Marshall Islands were Passenger and Cargo Ships ($3.24B), Cars ($1.32M), and Petroleum Gas ($696k). During the last 27 years the exports of South Korea to Marshall Islands have increased at an annualized rate of 32.9%, from $1.51M in 1995 to $3.25B in 2022.

Exports from Marshall Islands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Marshall Islands (Flag) (2022)

Latest Data

Trade between Marshall Islands (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Marshall Islands
Top Destination
Germany$327M
South Korea
Top Destination
China$150B

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

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

In 2021, countries that imported more from South Korea than Marshall Islands were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Marshall Islands (Flag) (2022)

Comparative Advantage Marshall Islands - South Korea

Flow
Scale

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

During 2022, Marshall Islands had a large net trade with South Korea in the exports of Transportation ($26.2M), Mineral Products ($381k), and Metals ($234k).

During 2022, South Korea had a large net trade with Marshall Islands in the exports of Transportation ($3.24B), Mineral Products ($1.28M), and Metals ($498k).

Economic Complexity

Competitive Landscape

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 Marshall Islands has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Marshall Islands.

Product Space of Marshall Islands (Flag) and South Korea (Flag) (2022)

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