Iceland (ISL) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

About

Iceland-Marshall Islands Trade: In 2022, Iceland exported $577k to Marshall Islands. The main products that Iceland exported to Marshall Islands were Refined Petroleum ($577k). Over the past 5 years the exports of Iceland to Marshall Islands have increased at an annualized rate of 71.5%, from $38.8k in 2017 to $577k in 2022.

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

Marshall Islands-Iceland In N/A, Marshall Islands did not export any products to Iceland.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Marshall Islands ranked 160 in total exports ($1.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $577k to Marshall Islands. The main products exported from Iceland to Marshall Islands were Refined Petroleum ($577k). During the last 5 years the exports of Iceland to Marshall Islands have increased at an annualized rate of 71.5%, from $38.8k in 2017 to $577k in 2022.

Marshall Islands does not register exports to Iceland. The main products exported from Marshall Islands to Iceland were Crustaceans ($982) and Rubber Footwear ($193).

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

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

Latest Data

Trade between Iceland () and Marshall Islands ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Marshall Islands
Top DestinationGermany$327M

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

In 2022, countries that imported more from Iceland than Marshall Islands included Netherlands ($1.97B), United States ($613M), and United Kingdom ($672M).

In 2022, countries that imported more from Marshall Islands than Iceland included Malta ($66.2M), Indonesia ($58.1M), and Tanzania ($41M).

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

Comparative Advantage Iceland - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Marshall Islands in the exports of Mineral Products ($577k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Marshall Islands ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Marshall Islands

Economic Complexity

Competitive Landscape

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

Keep Exploring