Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods

8901 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Passenger and Cargo Ships. In 2021, Passenger and Cargo Ships were the world's 46th most traded product, with a total trade of $73.9B. Between 2020 and 2021 the exports of Passenger and Cargo Ships grew by 12%, from $66B to $73.9B. Trade in Passenger and Cargo Ships represent 0.35% of total world trade.

Passenger and Cargo Ships are a part of Ships, boats, & floating structures. They include Cargo vessels other than tanker or refrigerated, Tankers, Cruise ships, excursion boats, ferry boats, and Refrigerated vessels other than tankers.

Exports In 2021 the top exporters of Passenger and Cargo Ships  were South Korea ($17.7B), China ($15.1B), Japan ($10.2B), Germany ($5.45B), and Italy ($3.52B).

Imports In 2021 the top importers of Passenger and Cargo Ships were Liberia ($8.13B), Marshall Islands ($7.52B), Panama ($7.09B), Singapore ($4.82B), and Malta ($4.31B).

Ranking Passenger and Cargo Ships ranks 678th in the Product Complexity Index (PCI).

Description Cruise ships are used to transport people on long trips. They're usually used for cruises, which are trips that last several days or weeks. Excursion boats are smaller boats that can be used for shorter trips. Ferry-boats and cargo ships are large vessels that can carry a lot of cargo. Barges and similar vessels are also large vessels that can carry a lot of cargo.

Latest Data

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The following visualization shows the latest trends on Passenger and Cargo Ships. 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

Exporters and Importers

Top Origin (2021)South Korea$17.7B
Top Destination (2021)Liberia$8.13B

In 2021 Passenger and Cargo Ships were the world's 46th most traded product (out of 1,217).

In 2021, the top exporters of Passenger and Cargo Ships were South Korea ($17.7B), China ($15.1B), Japan ($10.2B), Germany ($5.45B), and Italy ($3.52B).

In 2021, the top importers of Passenger and Cargo Ships were Liberia ($8.13B), Marshall Islands ($7.52B), Panama ($7.09B), Singapore ($4.82B), and Malta ($4.31B).

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Exporters of Passenger and Cargo Ships (2021)
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Importers of Passenger and Cargo Ships (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)China$1.55B
Top Destination Growth (2020 -  2021)Italy$2.3B

Between 2020 and 2021, the exports of Passenger and Cargo Ships grew the fastest in China ($1.55B), Norway ($1.13B), Russia ($921M), Germany ($860M), and Marshall Islands ($815M).

Between 2020 and 2021, the fastest growing importers of Passenger and Cargo Ships were Italy ($2.3B), Liberia ($2.22B), Malta ($1.79B), South Korea ($1.41B), and France ($1.36B).

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Exporters of Passenger and Cargo Ships (2020 - 2021)

Importers of Passenger and Cargo Ships (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Passenger and Cargo Ships.

In 2021, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Passenger and Cargo Ships are explained by 14 countries.

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Value of Exports in Passenger and Cargo Ships

Net Trade

TOP NET EXPORTER (2021)South Korea$15.3B
TOP NET IMPORTER (2021)Liberia$7.76B

This map shows which countries export or import more of Passenger and Cargo Ships. Each country is colored based on the difference in exports and imports of Passenger and Cargo Ships during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Passenger and Cargo Ships were South Korea ($15.3B), China ($14.1B), Japan ($9.21B), Germany ($3.78B), and Finland ($860M).

In 2021, the countries that had a largest trade value in imports than in exports of Passenger and Cargo Ships were Liberia ($7.76B), Panama ($6.4B), Marshall Islands ($6.36B), Malta ($4.16B), and Singapore ($3.88B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Passenger and Cargo Ships, disaggragated by their HS6 level were Cargo vessels other than tanker or... ($36.8B), Tankers ($24.1B), Cruise ships, excursion boats, ferry boats ($12.7B), and Refrigerated vessels other than tankers ($274M)

HS6 Disaggregation for Passenger and Cargo Ships (2021)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Passenger and Cargo Ships by percentage of total exports

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 (2021)

Country by Relatedness

The following visualization shows the relatedness of Passenger and Cargo Ships to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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