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Trade between Japan and the Marshall Islands

In 2024, Japan exported $1.3 billion to the Marshall Islands and imported $835 thousand. Japan ran a surplus of $1.3 billion with the Marshall Islands, compared with a surplus of $1.3 billion in 2019. The Marshall Islands was Japan’s 59th largest trading partner (0.1% of its trade), and Japan was the Marshall Islands’ 3rd (9%).

Summary

Japan → Marshall Islands
$1.3billion
Marshall Islands → Japan
$835thousand
Japan’s balance
$1.3billion

Balance

Japan’s trade balance with the Marshall Islands

Trade between Japan and the Marshall Islands grew 6.6-fold since 1995

USD billions (current). Japan’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.3
  • Imports 0
  • Balance +1.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$174 million$18 million$156 million
1996$313 million$16 million$296 million
1997$319 million$19 million$300 million
1998$3 million$3 million$448 thousand
1999$186 million$48 thousand$186 million
2000$114 million$315 thousand$114 million
2001$89 million$1 million$88 million
2002$153 million$5 million$148 million
2003$130 million$4 million$127 million
2004$265 million$27 million$238 million
2005$203 million$21 million$182 million
2006$366 million$19 million$348 million
2007$598 million$8 million$590 million
2008$777 million$15 million$762 million
2009$833 million$20 million$813 million
2010$2 billion$10 million$2 billion
2011$1.9 billion$9 million$1.9 billion
2012$1.7 billion$9 million$1.7 billion
2013$827 million$3 million$824 million
2014$1.2 billion$26 million$1.2 billion
2015$1.6 billion$20 million$1.6 billion
2016$1.5 billion$9 million$1.4 billion
2017$1.3 billion$8 million$1.3 billion
2018$1.3 billion$4 million$1.3 billion
2019$1.3 billion$4 million$1.3 billion
2020$1.3 billion$7 million$1.3 billion
2021$1.2 billion$8 million$1.2 billion
2022$1.2 billion$6 million$1.2 billion
2023$1.1 billion$4 million$1.1 billion
2024$1.3 billion$835 thousand$1.3 billion

What they sell each other

What Japan sells to the Marshall Islands

The top 10 headings in 2024, with their share of the total.

  1. Cargo and cruise ships$1.2 billion · 95.4%
    66 thousand tonnes · Japan’s destinations
  2. Engine parts$15 million · 1.2%
    164 tonnes
  3. Transmission shafts, gears and gearboxes$5 million · 0.4%
    36 tonnes
  4. Liquid pumps$5 million · 0.36%
    33 tonnes
  5. 3D printers$4 million · 0.31%
    15 tonnes
  6. Valves and taps$3 million · 0.23%
    18 tonnes
  7. Air pumps, compressors and fans$3 million · 0.2%
    15 tonnes
  8. Refined petroleum$2 million · 0.17%
    3 thousand tonnes · Japan’s destinations
  9. Centrifuges and filters$2 million · 0.15%
    11 tonnes
  10. Other rubber articles$2 million · 0.13%
    11 tonnes

What the Marshall Islands sells to Japan

The top 10 headings in 2024, with their share of the total.

  1. Frozen fish$474 thousand · 56.7%
    197 tonnes
  2. Fish fillets$108 thousand · 12.9%
    24 tonnes
  3. Live fish$67 thousand · 8.1%
  4. Refined petroleum$62 thousand · 7.4%
    50 tonnes · Japan’s sources
  5. Fresh fish$44 thousand · 5.2%
    7 tonnes
  6. Other minerals$23 thousand · 2.7%
    174 tonnes
  7. Meat and fish meal$21 thousand · 2.5%
    18 tonnes
  8. Ferrous scrap$17 thousand · 2%
    65 tonnes
  9. Cables and wire$9 thousand · 1.1%
    1 tonne · Japan’s sources
  10. Clays$4 thousand · 0.52%
    12 tonnes

How it travels

Japan and the Marshall Islands traded $1.3 billion in 2024 (both directions together). They trade mostly by air: 86% of the value travels by plane.

Split by transport mode

  1. Sea$176 million · 13.9%
  2. Air$1.1 billion · 86.1%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The Marshall Islands was Japan’s 59th largest trading partner (0.1% of its trade), and Japan was the Marshall Islands’ 3rd (9%).

The Marshall Islands in Japan’s trade
0.1%
The Marshall Islands’ rank among Japan’s partners
59th
Japan in the Marshall Islands’ trade
9.2%
Japan’s rank among the Marshall Islands’ partners
3rd

Compare with

Other partners of Japan

Other partners of the Marshall Islands

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.