Net trade in goods in Marshall Islands
Marshall Islands: Net trade in goods was -71.59 million BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Marshall Islands is -71.59 million BoP, current US$, measured in 2024.
Compared with earlier readings it is down 3.0% on the previous year and down 58.1% over ten years.
Over the whole period, net trade in goods in Marshall Islands peaked at 14.08 million BoP, current US$ in 2019 and was at its lowest, -81.08 million BoP, current US$, in 2022.
That places Marshall Islands 71st out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Marshall Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -61.66 million BoP, current US$ | — |
| 2006 | -64.06 million BoP, current US$ | +3.9% |
| 2007 | -69.60 million BoP, current US$ | +8.6% |
| 2008 | -69.78 million BoP, current US$ | +0.3% |
| 2009 | -73.52 million BoP, current US$ | +5.4% |
| 2010 | -64.74 million BoP, current US$ | -11.9% |
| 2011 | -52.20 million BoP, current US$ | -19.4% |
| 2012 | -18.52 million BoP, current US$ | -64.5% |
| 2013 | -34.09 million BoP, current US$ | +84.1% |
| 2014 | -45.29 million BoP, current US$ | +32.9% |
| 2015 | -60.40 million BoP, current US$ | +33.4% |
| 2016 | -66.12 million BoP, current US$ | +9.5% |
| 2017 | -58.08 million BoP, current US$ | -12.1% |
| 2018 | -32.98 million BoP, current US$ | -43.2% |
| 2019 | 14.08 million BoP, current US$ | -142.7% |
| 2020 | 9.80 million BoP, current US$ | -30.4% |
| 2021 | -12.31 million BoP, current US$ | -225.6% |
| 2022 | -81.08 million BoP, current US$ | +558.9% |
| 2023 | -69.50 million BoP, current US$ | -14.3% |
| 2024 | -71.59 million BoP, current US$ | +3.0% |
Marshall Islands compared with similar countries
- Marshall Islands's -71.59 million BoP, current US$ is above the median for upper middle income countries, which is -544.73 million BoP, current US$, 13% of the median. (57 countries reporting)
- Marshall Islands's -71.59 million BoP, current US$ is above the median for East Asia & Pacific, which is -98.47 million BoP, current US$, 73% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -558.9% | -12.31 million BoP, current US$ | -81.08 million BoP, current US$ |
| 2021 | -225.6% | 9.80 million BoP, current US$ | -12.31 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -67.73 million BoP, current US$ | -73.52 million BoP, current US$ | -61.66 million BoP, current US$ | 5 |
| 2010s | -41.83 million BoP, current US$ | -66.12 million BoP, current US$ | 14.08 million BoP, current US$ | 10 |
| 2020s | -44.94 million BoP, current US$ | -81.08 million BoP, current US$ | 9.80 million BoP, current US$ | 5 |
Countries ranked near Marshall Islands
- 68 Tuvalu -34.82 million BoP, current US$ compare
- 69 Micronesia (country) -66.36 million BoP, current US$ compare
- 70 Nauru -67.12 million BoP, current US$ compare
- 72 Chad -76.76 million BoP, current US$
- 73 Solomon Islands -98.47 million BoP, current US$ compare
- 74 Equatorial Guinea -116.73 million BoP, current US$
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 in Marshall Islands?
- Net trade in goods in Marshall Islands was -71.59 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 recorded in Marshall Islands?
- The highest recorded value was 14.08 million BoP, current US$ in 2019.
- What is the lowest net trade in goods recorded in Marshall Islands?
- The lowest recorded value was -81.08 million BoP, current US$ in 2022.
- How does Marshall Islands rank for net trade in goods?
- Marshall Islands ranks 71st out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Marshall Islands?
- Over the last ten years it is down 58.1%. The long-run trend across the full record is volatile.
- 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 (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 is the difference between the exports and imports of goods. 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.