Marshall Islands - Foreign trade

Heavy and increasing trade deficits result from limited exports and dependency on imports for consumer and capital goods. Over 90% of the value of exports is accounted for by fish, coconut oil, and copra cake (made of dried coconut meat). The US, Japan, and Australia are the main export partners, while the US is the primary import source, followed by Japan and the Philippines. The major imports are foodstuffs, machinery and equipment, fuels, beverages, and tobacco.