The major exports of the Marshall Islands encompass a range of commodities, primarily driven by the country's rich marine resources and traditional craftsmanship. By maintaining strong trading partnerships with countries such as Japan, the United States, and China, the Marshall Islands continues to develop its export sector, contributing to its economic growth and international trade presence.
Fish and Fish Products
Fish and fish products are the primary exports of the Marshall Islands due to its rich marine resources. The export volume for fish and fish products is estimated at approximately 40,000 metric tons, with a value of around $40 million. The closest trading partners for fish exports include Japan, the United States, and China.
Copra and Coconut Oil
Copra, the dried meat of coconuts, and coconut oil are significant exports from the Marshall Islands. The export volume for copra and coconut oil is estimated at around 10,000 metric tons, valued at approximately $15 million. Closest trading partners for these products include the Philippines, the United States, and Japan.
Seaweed and Seaweed Products
Seaweed cultivation and the export of seaweed products contribute to the economy of the Marshall Islands. The export volume for seaweed and seaweed products is estimated at around 5,000 metric tons, valued at approximately $10 million. The closest trading partners for these products include China, Japan, and South Korea.
Handicrafts and Artifacts
The Marshall Islands also export handicrafts and artifacts, including woven baskets, mats, and traditional artwork. The export volume for handicrafts is difficult to quantify, but their value is estimated at around $5 million. The closest trading partners for these products include the United States, Australia, and Japan.
Agricultural Products
The Marshall Islands export a variety of agricultural products, including fruits, vegetables, and root crops. The export volume for agricultural products is estimated at around 3,000 metric tons, valued at approximately $4 million. Closest trading partners for these products include Guam, the United States, and the Federated States of Micronesia.
Precious Shells and Pearls
The Marshall Islands are known for their production of precious shells and pearls, which are exported to international markets. The export volume for precious shells and pearls is estimated at around 500 metric tons, valued at approximately $3 million. Closest trading partners for these products include Japan, Australia, and Hong Kong.
Noni Juice
Noni juice, derived from the tropical fruit of the noni plant, is an emerging export from the Marshall Islands. The export volume for noni juice is estimated at around 500 metric tons, valued at approximately $2 million. Closest trading partners for noni juice include the United States, Japan, and Australia.
Apparel and Clothing Accessories
The Marshall Islands export apparel and clothing accessories, including traditional garments and accessories. The export volume for apparel is estimated at around 100 metric tons, valued at approximately $1 million. Closest trading partners for apparel include the United States, Australia, and Japan.
Live Tropical Fish
The Marshall Islands export live tropical fish for the aquarium trade. The export volume for live tropical fish is difficult to quantify, but their value is estimated at approximately $1 million. Closest trading partners for live tropical fish include the United States, Japan, and the Philippines.
Wood Products
Wood products, including handicrafts and furniture, are also exported from the Marshall Islands. The export volume for wood products is estimated at around 100 metric tons, valued at approximately $1 million. Closest trading partners for wood products include the United States, Japan, and Australia.
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