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2022
Flag → Flag
Exports $52.5MRnk 6 / 80
2022
Flag → Flag
Top Product $51.7MPassenger and Cargo Ships
2022
Flag → Flag
Exports $218MRnk 107 / 219
2022
Flag → Flag
Top Product $104MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $6,728CURRENT US$
Rnk 96 / 186
2012-2022
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GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Marshall Islands-Turkey Trade: In 2022, Marshall Islands exported $52.5M to Turkey. The main products that Marshall Islands exported to Turkey were Passenger and Cargo Ships ($51.7M), Recreational Boats ($717k), and Oscilloscopes ($4.89k). Over the past 5 years the exports of Marshall Islands to Turkey have increased at an annualized rate of 15.9%, from $25M in 2017 to $52.5M in 2022.

In 2022, Marshall Islands did not export any services to Turkey.

Turkey-Marshall Islands Trade: In 2022, Turkey exported $218M to Marshall Islands. The main products that Turkey exported to Marshall Islands were Refined Petroleum ($104M), Passenger and Cargo Ships ($47.8M), and Recreational Boats ($42M). Over the past 5 years the exports of Turkey to Marshall Islands have increased at an annualized rate of 7.54%,  from $141M in 2017 to $218M in 2022.

In 2022, Turkey did not export any services to Marshall Islands.

Comparison In 2022,  Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Marshall Islands exported $52.5M to Turkey. The main products exported from Marshall Islands to Turkey were Passenger and Cargo Ships ($51.7M), Recreational Boats ($717k), and Oscilloscopes ($4.89k). During the last 5 years the exports of Marshall Islands to Turkey have increased at an annualized rate of 15.9%, from $25M in 2017 to $52.5M in 2022.

In 2017, Turkey exported $218M to Marshall Islands. The main products exported from Turkey to Marshall Islands were Refined Petroleum ($104M), Passenger and Cargo Ships ($47.8M), and Recreational Boats ($42M). During the last 5 years the exports of Turkey to Marshall Islands have increased at an annualized rate of 7.54%, from $141M in 2022 to $218M in 2017.

Exports from Marshall Islands (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Marshall Islands (Flag) (2022)

Latest Data

Trade between Marshall Islands (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationGermany$327M
Turkey
Top DestinationGermany$21.9B

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

In 2022, no countries were registered that imported more from Marshall Islands than from Turkey.

In 2022, countries that imported more from Turkey than Marshall Islands included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey (Flag) and Marshall Islands (Flag) (2022)

Comparative Advantage Marshall Islands - Turkey

Flow
Scale

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

During 2022, Marshall Islands had a large net trade with Turkey in the exports of Transportation ($52.4M), Machines ($7.35k), and Instruments ($6.17k).

During 2017, Turkey had a large net trade with Marshall Islands in the exports of Mineral Products ($107M), Transportation ($91.1M), and Machines ($12.6M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Marshall Islands and Turkey. This means that a dot/product with the flag of Marshall Islands indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Marshall Islands.

Product Space of Marshall Islands (Flag) and Turkey (Flag) (2022)

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