Temporal Analysis of Factors Influencing Countries’ Maritime Trade Performance with CRITIC-based VIKOR Method

Abstract

Shipping and world trade have grown simultaneously as a result of the increased need for freight transportation capacity brought about by the expansion of world trade. It is important for countries to compare their maritime trade performance in relation to their respective characteristics. It is essential to adhere to the competitive circumstances in order to obtain a larger proportion of the world trade. This study compares maritime trade performance of the 20 countries with the greatest number of ports of call worldwide using multi criteria decision making techniques. Six indicators are weighted by Criteria Importance Through Intercriteria Correlation method and the performances of the countries are ranked by VIšeKriterijumska Optimizacija I Kompromisno Resenje method. Rankings for the years 2018-2022 were constructed independently, and after using the Borda approach to integrate them together, the final ranking was produced. The results provide a perspective for countries to improve their maritime trade performance and the opportunity to make an assessment from macro perspective