HS Icon Other Sea Vessels

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

8906 (Harmonized System 1992 for 4-digit)

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 and 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).

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.

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

In 2020, the world most traded Other Sea Vessels, disaggragated by their HS6 level were Warships, lifeboats, hospital ships, vessels nes ($5.52B)

Country Comparison

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Measure
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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.