Flag Turkey / Marshall Islands Flag

Exports FlagFlag  (2018): $136M, Rnk 103 / 205

Top Product FlagFlag (2018): $84.9M, Passenger and Cargo Ships

Exports FlagFlag (2018): $6.75M, Rnk 13 / 58

Top Product FlagFlag (2018): $6.45M, Scrap Vessels

Economic Complexity of Flag (2018): ECI 0.57, Rnk 43 / 137

GDP Flag (2018): $771B, CURRENT US$
Rnk 19 / 196

GDP GROWTH Flag (2008-2018): 0.92%, CURRENT US$
Rnk 162 / 196

GDP Flag (2018): $221M, CURRENT US$
Rnk 193 / 196

GDP GROWTH Flag (2008-2018): 44.5%, CURRENT US$
Rnk 90 / 196

GDP PC Flag (2018): $9,370, CURRENT US$
Rnk 80 / 196

GDP PC GROWTH Flag (2008-2018): -13.7%, CURRENT US$
Rnk 172 / 196

GDP PC Flag (2018): $3,788, CURRENT US$
Rnk 125 / 196

GDP PC GROWTH Flag (2008-2018): 39%, CURRENT US$
Rnk 63 / 196

Turkey-Marshall Islands: In 2018, Turkey exported $136M to Marshall Islands. The main products exported from Turkey to Marshall Islands were Passenger and Cargo Ships ($84.9M), Refined Petroleum ($37.3M), and Recreational Boats ($13.2M). During the last 16 years the exports of Turkey to Marshall Islands have increased at an annualized rate of 34.9%, from $1.14M in 2002 to $136M in 2018.

Marshall Islands-Turkey: In 2018, Marshall Islands exported $6.75M to Turkey. The main products exported from Marshall Islands to Turkey were Scrap Vessels ($6.45M), Recreational Boats ($109k), and Passenger and Cargo Ships ($102k). During the last 16 years the exports of Marshall Islands to Turkey have increased at an annualized rate of 24.1%, from $214k in 2002 to $6.75M in 2018.

Comparison: In 2018, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). That same year, Marshall Islands ranked 159 in total exports ($661M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Turkey was ranked 80 with a GDP Per Capita of $9,370, and Marshall Islands was ranked 125 with a GDP Per Capita of $3,788.

Bilateral Trade by Products

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Depth
Value

In 2018, Turkey exported $136M to Marshall Islands. The main products exported from Turkey to Marshall Islands were Passenger and Cargo Ships ($84.9M), Refined Petroleum ($37.3M), and Recreational Boats ($13.2M). During the last 16 years the exports of Turkey to Marshall Islands have increased at an annualized rate of 34.9%, from $1.14M in 2002 to $136M in 2018.

In 2018, Marshall Islands exported $6.75M to Turkey. The main products exported from Marshall Islands to Turkey were Scrap Vessels ($6.45M), Recreational Boats ($109k), and Passenger and Cargo Ships ($102k). During the last 16 years the exports of Marshall Islands to Turkey have increased at an annualized rate of 24.1%, from $214k in 2002 to $6.75M in 2018.

Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.6B

Marshall Islands
Top Destination
: South Korea, $148M

This map shows whether countries import more from Turkey or Marshall Islands. Each country is colored based on the difference in imports they receive from Turkey and Marshall Islands or the difference in the growth in imports.

In 2018, countries that imported more from Turkey than Marshall Islands were Germany ($16.6B), United Kingdom ($11.9B), and Italy ($10.1B).

In 2018, no countries were registered that imported more from Marshall Islands than from Turkey.

Comparative Advantage Turkey - Marshall Islands

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Depth

This chart compares trade between Turkey and Marshall Islands by product, considering products traded by both, Turkey and Marshall Islands.

During 2018, Turkey had a large net trade with Marshall Islands in the exports of Transportation ($98.1M), Mineral Products ($37.3M), and Chemical Products ($397k).

During 2018, Marshall Islands had a large net trade with Turkey in the exports of Transportation ($6.67M), Metals ($71.3k), and Miscellaneous ($9.5k).

Trade Forecasts

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This section shows a forecast for total trade between Turkey and Marshall Islands. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Turkey has comparative advantage over Marshall Islands. Similarly, the more red a dot/product is, the more Marshall Islands has comparative advantage over Turkey.