Net trade in goods and services in Marshall Islands
Marshall Islands: Net trade in goods and services was -114.66 million BoP, current US$ in 2024. ▲ Rising
Net trade in goods and services in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Marshall Islands stood at -114.66 million BoP, current US$.
That represents a change of down 4.4% on the previous year and down 23.6% over ten years.
Over the whole period, net trade in goods and services in Marshall Islands peaked at -38.29 million BoP, current US$ in 2019 and was at its lowest, -127.00 million BoP, current US$, in 2009.
That places Marshall Islands 90th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Net trade in goods and services in Marshall Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -101.54 million BoP, current US$ | — |
| 2006 | -101.52 million BoP, current US$ | -0.0% |
| 2007 | -112.97 million BoP, current US$ | +11.3% |
| 2008 | -109.41 million BoP, current US$ | -3.1% |
| 2009 | -127.00 million BoP, current US$ | +16.1% |
| 2010 | -109.60 million BoP, current US$ | -13.7% |
| 2011 | -99.85 million BoP, current US$ | -8.9% |
| 2012 | -69.46 million BoP, current US$ | -30.4% |
| 2013 | -89.92 million BoP, current US$ | +29.4% |
| 2014 | -92.77 million BoP, current US$ | +3.2% |
| 2015 | -111.26 million BoP, current US$ | +19.9% |
| 2016 | -123.82 million BoP, current US$ | +11.3% |
| 2017 | -82.89 million BoP, current US$ | -33.1% |
| 2018 | -45.82 million BoP, current US$ | -44.7% |
| 2019 | -38.29 million BoP, current US$ | -16.4% |
| 2020 | -44.80 million BoP, current US$ | +17.0% |
| 2021 | -76.01 million BoP, current US$ | +69.7% |
| 2022 | -125.89 million BoP, current US$ | +65.6% |
| 2023 | -109.88 million BoP, current US$ | -12.7% |
| 2024 | -114.66 million BoP, current US$ | +4.4% |
Marshall Islands compared with similar countries
- Marshall Islands's -114.66 million BoP, current US$ is above the median for upper middle income countries, which is -288.45 million BoP, current US$, 40% of the median. (57 countries reporting)
- Marshall Islands's -114.66 million BoP, current US$ is below the median for East Asia & Pacific, which is -105.08 million BoP, current US$, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -110.49 million BoP, current US$ | -127.00 million BoP, current US$ | -101.52 million BoP, current US$ | 5 |
| 2010s | -86.37 million BoP, current US$ | -123.82 million BoP, current US$ | -38.29 million BoP, current US$ | 10 |
| 2020s | -94.25 million BoP, current US$ | -125.89 million BoP, current US$ | -44.80 million BoP, current US$ | 5 |
Countries ranked near Marshall Islands
- 87 Nauru -90.79 million BoP, current US$ compare
- 88 Antigua and Barbuda -99.96 million BoP, current US$ compare
- 89 Micronesia (country) -105.08 million BoP, current US$ compare
- 91 Sao Tome and Principe -118.95 million BoP, current US$ compare
- 92 Faroe Islands -130.43 million BoP, current US$ compare
- 93 Saint Kitts and Nevis -131.42 million BoP, current US$ compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services in Marshall Islands?
- Net trade in goods and services in Marshall Islands was -114.66 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Marshall Islands?
- The highest recorded value was -38.29 million BoP, current US$ in 2019.
- What is the lowest net trade in goods and services recorded in Marshall Islands?
- The lowest recorded value was -127.00 million BoP, current US$ in 2009.
- How does Marshall Islands rank for net trade in goods and services?
- Marshall Islands ranks 90th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Marshall Islands?
- Over the last ten years it is down 23.6%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.