Marshall Isds-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $262.29M total volume •Marshall Isds deficit: $214.90M
Marshall Isds → Türkiye
$23.69M
Exports (2023)
Türkiye → Marshall Isds
$238.59M
Imports (2023)
Trade Balance
$214.90M
Deficit for Marshall Isds
Total Trade
$262.29M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Marshall Isds and Türkiye. Green line shows exports from Marshall Isds, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Marshall Isds-Türkiye commercial relationship and competitive positioning in global markets.
Marshall Isds → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Marshall Isds's export portfolio to Türkiye demonstrates strategic specialization, with vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods representing a key competitive advantage in this bilateral market.
Türkiye → Marshall Isds Imports
Import Dependency Profile
📦 Import Strategy Analysis
Marshall Isds's import pattern from Türkiye reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Marshall Isds demonstrates competitive strength in exportingvessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $262.29M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Marshall Isds-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $262.29 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Marshall Isds maintains a deficit of $214.90 million
- Export Focus: Marshall Isds's primary exports include vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, vessels: other, including lifeboats other than rowing boats, other than warships, tankers
- Import Dependencies: Key imports from Türkiye include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, tugs and pusher craft
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $262.29M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Marshall Isds leveraging its comparative advantages in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Marshall Isds's specialization in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goodscomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $262.29M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $262.29M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $262.29 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Marshall Isds's trade deficit of $214.90 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Marshall Isds and Türkiye represents a total trade volume of $262.29 million in 2023. This partnership demonstrates an unfavorable trade balance for Marshall Isds, with imports exceeding exportsby $214.90 million.
Export Strengths
Marshall Isds's exports to Türkiye total $23.69 million, with competitive advantages in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, representing $7.68M or32.4% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $238.59 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising43.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Marshall Isds's strategic sourcing from Türkiye. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Marshall Isds and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023