Turkey (TUR) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

2022

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Exports $218MRnk 107 / 219

2022

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About

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 9.11%, from $141M in 2017 to $218M in 2022.

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

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.

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

Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Marshall Islands
Top DestinationGermany$327M

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

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

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

Economic Complexity

Competitive Landscape

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