Marshall Islands (MHL) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Marshall Islands-Italy Trade: In 2022, Marshall Islands exported $10.3M to Italy. The main products that Marshall Islands exported to Italy were Recreational Boats ($9.94M), Additive manufacturing machines ($260k), and Other Hand Tools ($15.9k). Over the past 5 years the exports of Marshall Islands to Italy have increased at an annualized rate of 54.6%, from $1.16M in 2017 to $10.3M in 2022.

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

Italy-Marshall Islands Trade: In 2022, Italy exported $223M to Marshall Islands. The main products that Italy exported to Marshall Islands were Recreational Boats ($114M), Passenger and Cargo Ships ($106M), and Refined Petroleum ($1.09M). Over the past 5 years the exports of Italy to Marshall Islands have increased at an annualized rate of 9.21%, from $35.1M in 2017 to $223M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Marshall Islands exported $10.3M to Italy. The main products exported from Marshall Islands to Italy were Recreational Boats ($9.94M), Additive manufacturing machines ($260k), and Other Hand Tools ($15.9k). During the last 5 years the exports of Marshall Islands to Italy have increased at an annualized rate of 54.6%, from $1.16M in 2017 to $10.3M in 2022.

In 2017, Italy exported $223M to Marshall Islands. The main products exported from Italy to Marshall Islands were Recreational Boats ($114M), Passenger and Cargo Ships ($106M), and Refined Petroleum ($1.09M). During the last 5 years the exports of Italy to Marshall Islands have increased at an annualized rate of 9.21%, from $35.1M in 2022 to $223M in 2017.

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

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

Latest Data

Trade between Marshall Islands () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Marshall Islands than from Italy.

In 2022, countries that imported more from Italy than Marshall Islands included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Marshall Islands - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with Italy in the exports of Transportation ($9.94M), Machines ($307k), and Metals ($23.2k).

During 2017, Italy had a large net trade with Marshall Islands in the exports of Transportation ($221M), Mineral Products ($1.09M), and Metals ($931k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Marshall Islands and Italy. This means that a dot/product with the flag of Marshall Islands indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Marshall Islands.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Marshall Islands () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Marshall Islands - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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