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Vessels; other, including warships and lifeboats, other than rowing boats

8906 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.56BRnk 505 / 1217
2023
Top Exporter | Top Importer $1.44B | $774MSaudi Arabia | United Arab Emirates
2023
Product Complexity -0.34Rnk 671 / 1044
2022 - 2023
Export Growth (CAGR) -14.9%Rnk 902 / 1217
2023
Share of World Trade 0.025%Rnk 505 / 1217

About

Overview This page contains the latest trade data of Other Sea Vessels. In 2023, Other Sea Vessels were the world's 505th most traded product, with a total trade of $5.56B. Between 2022 and 2023 the exports of Other Sea Vessels decreased by -14.9%, from $6.53B to $5.56B. Trade in Other Sea Vessels represent 0.025% of total world trade.

Other Sea Vessels are a part of Ships, boats, & floating structures. They include Warships, lifeboats, hospital ships, vessels nes.

Exports In 2023 the top exporters of Other Sea Vessels  were Saudi Arabia ($1.44B), India ($493M), China ($390M), United States ($339M), and Netherlands ($315M).

Imports In 2023 the top importers of Other Sea Vessels were United Arab Emirates ($774M), Saudi Arabia ($615M), Qatar ($402M), India ($312M), and Norway ($273M).

Ranking Other Sea Vessels ranks 671st in the Product Complexity Index (PCI).

Description Vessels are used to transport people and goods. They can be made from a variety of materials, including wood, steel, aluminum, and plastic.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Other Sea Vessels. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Saudi Arabia$1.44B
Top Destination (2023)United Arab Emirates$774M

In 2023 Other Sea Vessels were the world's 505th most traded product (out of 1,217).

In 2023, the top exporters of Other Sea Vessels were Saudi Arabia ($1.44B), India ($493M), China ($390M), United States ($339M), and Netherlands ($315M).

In 2023, the top importers of Other Sea Vessels were United Arab Emirates ($774M), Saudi Arabia ($615M), Qatar ($402M), India ($312M), and Norway ($273M).

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Exporters of Other Sea Vessels (2023)
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Importers of Other Sea Vessels (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Saudi Arabia$393M
Top Destination Growth (2022 -  2023)Qatar$379M

Between 2022 and 2023, the exports of Other Sea Vessels grew the fastest in Saudi Arabia ($393M), India ($390M), Netherlands ($247M), United States ($179M), and Finland ($122M).

Between 2022 and 2023, the fastest growing importers of Other Sea Vessels were Qatar ($379M), Bahrain ($254M), Egypt ($174M), South Korea ($155M), and Indonesia ($149M).

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Exporters of Other Sea Vessels (2022 - 2023)

Importers of Other Sea Vessels (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Sea Vessels.

In 2023, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Other Sea Vessels are explained by 20 countries.

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Value of Exports in Other Sea Vessels

Net Trade

TOP NET EXPORTER (2023)Saudi Arabia$830M
TOP NET IMPORTER (2023)United Arab Emirates$628M

This map shows which countries export or import more of Other Sea Vessels. Each country is colored based on the difference in exports and imports of Other Sea Vessels during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other Sea Vessels were Saudi Arabia ($830M), China ($364M), Netherlands ($246M), United States ($217M), and India ($181M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Sea Vessels were United Arab Emirates ($628M), Qatar ($399M), Bahrain ($271M), Chinese Taipei ($234M), and Oman ($193M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Other Sea Vessels.
It is possible to select the main countries that export or import Other Sea Vessels in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Sea Vessels by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNorway+ $2.96M
TOP IMPORT POTENTIALChina+ $432k

Other Sea Vessels’s highest export potential is Norway. With an export gap of $2.96M.  Other Sea Vessels’s highest import potential is China with an import gap of $432k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Other Sea Vessels.

Country by Relatedness

The following visualization shows the relatedness of Other Sea Vessels to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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