Other Sea Vessels8906 (Harmonized System 1992 for 4-digit)
2020 World Trade: $5.52B, Rnk 452 / 1217
2020 Top Exporter | Top Importer: $800M | $842M, Saudi Arabia | India
2020 Product Complexity: -0.26, Rnk 629 / 1028
2019 - 2020 Export Growth (CAGR): 37.7%, Rnk 25 / 1217
2018 Mean Tariff: 4.45%, Rnk 929 / 1259
2020 Share of World Trade: 0.033%, Rnk 452 / 1217
Overview This page contains the latest trade data of Other Sea Vessels. In 2020, Other Sea Vessels were the world's 452nd most traded product, with a total trade of $5.52B. Between 2019 and 2020 the exports of Other Sea Vessels grew by 37.7%, from $4.01B to $5.52B. Trade in Other Sea Vessels represent 0.033% 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 2020 the top exporters of Other Sea Vessels were Saudi Arabia ($800M), South Korea ($651M), Singapore ($521M), Russia ($352M), and China ($326M).
Imports In 2020 the top importers of Other Sea Vessels were India ($842M), United Arab Emirates ($805M), Saudi Arabia ($343M), Norway ($332M), and Australia ($287M).
Tariffs In 2018 the average tariff for Other Sea Vessels was 4.45%, making it the 929th lowest tariff using the HS4 product classification.
Ranking Other Sea Vessels ranks 629th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Saudi Arabia, $800M
Top Destination (2020): India, $842M
Other Sea Vessels are the world's 452nd most traded product.
In 2020, the top exporters of Other Sea Vessels were Saudi Arabia ($800M), South Korea ($651M), Singapore ($521M), Russia ($352M), and China ($326M).
In 2020, the top importers of Other Sea Vessels were India ($842M), United Arab Emirates ($805M), Saudi Arabia ($343M), Norway ($332M), and Australia ($287M).
Trade by country
Top Origin Growth (2019 - 2020): Saudi Arabia, $792M
Top Destination Growth (2019 - 2020): United Arab Emirates, $691M
Between 2019 and 2020, the exports of Other Sea Vessels grew the fastest in Saudi Arabia ($792M), South Korea ($464M), Singapore ($373M), Russia ($339M), and Spain ($199M).
Between 2019 and 2020, the fastest growing importers of Other Sea Vessels were United Arab Emirates ($691M), India ($580M), Australia ($257M), New Zealand ($214M), and Netherlands ($153M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Sea Vessels.
In 2020, market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Other Sea Vessels are explained by 21 countries.
TOP NET EXPORTER (2020): South Korea, $462M
TOP NET IMPORTER (2020): United Arab Emirates, $792M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Other Sea Vessels were South Korea ($462M), Saudi Arabia ($457M), Singapore ($452M), Spain ($303M), and China ($303M).
In 2020, the countries that had a largest trade value in imports than in exports of Other Sea Vessels were United Arab Emirates ($792M), India ($683M), Australia ($257M), New Zealand ($249M), and Chinese Taipei ($177M).
In 2020, the world most traded Other Sea Vessels, disaggragated by their HS6 level were Warships, lifeboats, hospital ships, vessels nes ($5.52B)
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.
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.
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