Summary
- Marshall Islands → South Korea
- $59million
- South Korea → Marshall Islands
- $2.6billion
- The Marshall Islands’ balance
- -$2.5billion
Balance
The Marshall Islands’ trade balance with South Korea
Trade between the Marshall Islands and South Korea grew 1,759.1-fold since 1995
USD billions (current). The Marshall Islands’ exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.1
- Imports 2.6
- Balance -2.5
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $3 thousand | $2 million | -$2 million |
| 1996 | $24 thousand | $219 million | -$219 million |
| 1997 | $26 thousand | $3 million | -$3 million |
| 1998 | $15 thousand | $2 million | -$2 million |
| 1999 | $62 thousand | $150 million | -$150 million |
| 2000 | $30 thousand | $331 million | -$331 million |
| 2001 | $136 thousand | $511 million | -$510 million |
| 2002 | $240 thousand | $735 million | -$735 million |
| 2003 | $482 thousand | $962 million | -$961 million |
| 2004 | $112 thousand | $607 million | -$607 million |
| 2005 | $105 thousand | $1.1 billion | -$1.1 billion |
| 2006 | $105 thousand | $966 million | -$966 million |
| 2007 | $47 thousand | $2.3 billion | -$2.3 billion |
| 2008 | $9 thousand | $4.8 billion | -$4.8 billion |
| 2009 | $40 million | $9.7 billion | -$9.6 billion |
| 2010 | $999 thousand | $4.7 billion | -$4.7 billion |
| 2011 | $59 million | $7.1 billion | -$7 billion |
| 2012 | $120 million | $3.9 billion | -$3.8 billion |
| 2013 | $187 million | $7.5 billion | -$7.3 billion |
| 2014 | $63 million | $8.1 billion | -$8 billion |
| 2015 | $28 million | $7.5 billion | -$7.5 billion |
| 2016 | $133 million | $7.7 billion | -$7.6 billion |
| 2017 | $28 million | $6.9 billion | -$6.8 billion |
| 2018 | $148 million | $2 billion | -$1.9 billion |
| 2019 | $148 million | $3.4 billion | -$3.3 billion |
| 2020 | $938 thousand | $4.8 billion | -$4.8 billion |
| 2021 | $293 million | $3.5 billion | -$3.2 billion |
| 2022 | $29 million | $3.2 billion | -$3.2 billion |
| 2023 | $508 thousand | $5.9 billion | -$5.9 billion |
| 2024 | $59 million | $2.6 billion | -$2.5 billion |
What they sell each other
What the Marshall Islands sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to the Marshall Islands
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Majuro and Busan is 3,076 nautical miles (5,696 km) long: ≈ 7–9 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was the Marshall Islands’ 2nd largest trading partner (19% of its trade), and the Marshall Islands was South Korea’s 49th (0.2%).
- South Korea in the Marshall Islands’ trade
- 19.2%
- South Korea’s rank among the Marshall Islands’ partners
- 2nd
- The Marshall Islands in South Korea’s trade
- 0.2%
- The Marshall Islands’ rank among South Korea’s partners
- 49th
Compare with
Other partners of the Marshall Islands
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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.