Marshall Islands: Import volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Marshall Islands' import volume index (2015 = 100) rose 21 on 2023 (from 67.1 to 88.1).

Across the 18 yearly changes before that (2006 to 2023), the average change was −2.08 and a typical year strayed about 15.93 from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 36.4 in 2010 and the biggest yearly fall was 28.3 in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Marshall Islands had the 166th highest value of the 203 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Marshall Islands in the 2024 ranking

• Ghana — 163rd of 203: 90.5
• Burundi — 164th of 203: 90.3
• Northern Mariana Islands — 165th of 203: 90.3
• Tunisia — 167th of 203: 87.7
• Austria — 168th of 203: 86.4
• Namibia — 169th of 203: 84.5

What this measures

Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Import volume index (2015 = 100) in nearby economies

• American Samoa — 102.2 (2024)
• Australia — 131 (2024)
• Brunei Darussalam — 163.8 (2024)
• Cambodia — 164.8 (2024)
• China — 131.7 (2024)
• Fiji — 117.4 (2024)
• French Polynesia — 121.9 (2024)
• Guam — 106.5 (2024)
• Hong Kong SAR, China — 97.7 (2024)
• Indonesia — 129.5 (2024)
• Japan — 102.2 (2024)

More trade data for Marshall Islands

• Import value index (2015 = 100) — 105.3 (2024)
• Net barter terms of trade index (2015 = 100) — 98.5 (2024)
• Export volume index (2015 = 100) — 111.3 (2024)
• Export value index (2015 = 100) — 131.1 (2024)

Every indicator for Marshall Islands is on the Marshall Islands data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Marshall Islands's import volume index (2015 = 100)?

88.1 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 15.69% from 104.5 in 2005 (0.89% a year on average, compounded). The highest value was 150.2 in 2010 and the lowest 50.4 in 2019.

How does Marshall Islands rank?

166th highest of 203 economies with data for 2024.

Is the latest change in import volume index (2015 = 100) unusual for Marshall Islands?

In 2024, Marshall Islands' import volume index (2015 = 100) rose 21 on 2023 (from 67.1 to 88.1). Across the 18 yearly changes before that (2006 to 2023), the average change was −2.08 and a typical year strayed about 15.93 from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator TM.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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