On this page you will find beneficial information regarding foreign direct investment in / trading with Marshall Islands. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Government in Free Association with the United States
Population: 42,050 (2021)
GDP: 1259.5 million USD (2021)
Corporate Tax Rate: 3%
Personal Income Tax Rate: 8% - 12%
Major Exports: Passenger and Cargo Ships ($1.16B), Recreational Boats ($73.3M), Non-fillet Frozen Fish ($63.5M), Refined Petroleum ($19.3M), and Broadcasting Equipment ($15.2M), exporting mostly to Denmark ($447M), South Korea ($272M), Germany ($199M), Poland ($123M), and Cyprus ($48.5M).
Major Imports: Passenger and Cargo Ships ($7.52B), Refined Petroleum ($1.71B), Recreational Boats ($562M), Boat Propellers ($178M), and Iron Structures ($146M), importing mostly from South Korea ($3.46B), China ($3.19B), Japan ($1.2B), Greece ($307M), and Cyprus ($297M).
Investment Agency: Office of Commerce, Investment & Tourism
National Chamber of Commerce: Chamber of Commerce
Customs Agency: Marshall Islands Customs Division