HS Icon Passenger and Cargo Ships

8901 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Passenger and Cargo Ships. In 2020, Passenger and Cargo Ships were the world's 40th most traded product, with a total trade of $65B. Between 2019 and 2020 the exports of Passenger and Cargo Ships decreased by -4.23%, from $67.9B to $65B. Trade in Passenger and Cargo Ships represent 0.39% of total world trade.

Passenger and Cargo Ships are a part of Ships, boats and 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 2020 the top exporters of Passenger and Cargo Ships  were South Korea ($17.3B), China ($13.5B), Japan ($11B), Germany ($4.47B), and Italy ($2.77B).

Imports In 2020 the top importers of Passenger and Cargo Ships were Marshall Islands ($8.58B), Panama ($7.46B), Liberia ($5.9B), Singapore ($5.32B), and United States ($4.48B).

Tariffs In 2018 the average tariff for Passenger and Cargo Ships was 4.59%, making it the 905th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Passenger and Cargo Ships are Bermuda (35%), Bhutan (29.4%), and Maldives (24.8%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Passenger and Cargo Ships ranks 641st 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.

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Y-AXIS SCALE

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

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Exporters and Importers

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Trade By Country

Top Origin (2020): South Korea, $17.3B

Top Destination (2020): Marshall Islands, $8.58B

Passenger and Cargo Ships are the world's 40th most traded product.

In 2020, the top exporters of Passenger and Cargo Ships were South Korea ($17.3B), China ($13.5B), Japan ($11B), Germany ($4.47B), and Italy ($2.77B).

In 2020, the top importers of Passenger and Cargo Ships were Marshall Islands ($8.58B), Panama ($7.46B), Liberia ($5.9B), Singapore ($5.32B), and United States ($4.48B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Italy, $2.33B

Top Destination Growth (2019 - 2020): United States, $2.35B

Between 2019 and 2020, the exports of Passenger and Cargo Ships grew the fastest in Italy ($2.33B), China ($1.24B), France ($1.07B), Saudi Arabia ($433M), and Vietnam ($245M).

Between 2019 and 2020, the fastest growing importers of Passenger and Cargo Ships were United States ($2.35B), Marshall Islands ($1.45B), Malta ($1.36B), Hong Kong ($1.18B), and Bermuda ($972M).

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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 Passenger and Cargo Ships.

In 2020,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Passenger and Cargo Ships are explained by 12 countries.

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TOP NET EXPORTER (2020): South Korea, $15.8B

TOP NET IMPORTER (2020): Marshall Islands, $8.26B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Passenger and Cargo Ships were South Korea ($15.8B), China ($13.1B), Japan ($10B), Germany ($3.13B), and Italy ($2.41B).

In 2020, the countries that had a largest trade value in imports than in exports of Passenger and Cargo Ships were Marshall Islands ($8.26B), Panama ($7.23B), Liberia ($5.75B), Singapore ($4.66B), and United States ($4.42B).

Disaggregation

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Value

In 2019, the world most traded Passenger and Cargo Ships, disaggragated by their HS6 level were Cargo vessels other than tanker or... ($33.4B), Tankers ($20.9B), Cruise ships, excursion boats, ferry boats ($10.5B), and Refrigerated vessels other than tankers ($235M)

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.

Import Tariffs

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In 2018, the average tariff for importing Passenger and Cargo Ships was 4.59%. The countries with the highest tariffs for importing Passenger and Cargo Ships were Bermuda (35%), Bhutan (29.4%), and Maldives (24.8%).

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