Thailand-Marshall Isds Bilateral Trade Analysis 2023
Complete trade statistics: $60.62M total volume •Thailand deficit: $11.38M
Thailand → Marshall Isds
$24.62M
Exports (2023)
Marshall Isds → Thailand
$36.00M
Imports (2023)
Trade Balance
$11.38M
Deficit for Thailand
Total Trade
$60.62M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Marshall Isds. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Marshall Isds commercial relationship and competitive positioning in global markets.
Thailand → Marshall Isds Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Marshall Isds demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Marshall Isds → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Marshall Isds reveals strategic sourcingin fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingpetroleum 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 to Marshall Isds, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $60.62M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Marshall Isds Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $60.62 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a deficit of $11.38 million
- Export Focus: Thailand's primary exports 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, salt (including table salt and denatured salt): pure sodium chloride whether or not in aqueous solution: sea water, fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)
- Import Dependencies: Key imports from Marshall Isds include fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, 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 $60.62M 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 Thailand leveraging its comparative advantages 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.
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
Thailand's specialization 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 oilscomplements Marshall Isds's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $60.62M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $60.62M 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 $60.62 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows 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 and fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade deficit of $11.38 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 Thailand and Marshall Isds represents a total trade volume of $60.62 million in 2023. This partnership demonstrates an unfavorable trade balance for Thailand, with imports exceeding exportsby $11.38 million.
Export Strengths
Thailand's exports to Marshall Isds total $24.62 million, with competitive advantages 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, representing $20.96M or85.1% of bilateral exports.
Import Dependencies
Imports from Marshall Isds amount to $36.00 million, highlighting economic interdependence in fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, with Fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 comprising54.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Thailand's strategic sourcing from Marshall Isds. 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 Thailand and Marshall Isds in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023