Scrap VesselsVessels and other floating structures; for breaking up
8908 (Harmonized System 1992 for 4-digit)
2021 World Trade: $1.93B, Rnk 769 / 1217
2021 Top Exporter | Top Importer: $230M | $714M, Japan | India
2021 Product Complexity: -1.23, Rnk 890 / 1024
2020 - 2021 Export Growth (CAGR): -15.3%, Rnk 1191 / 1217
2018 Mean Tariff: 4.77%, Rnk 867 / 1259
2021 Share of World Trade: 0.0092%, Rnk 769 / 1217
Overview This page contains the latest trade data of Scrap Vessels. In 2021, Scrap Vessels were the world's 769th most traded product, with a total trade of $1.93B. Between 2020 and 2021 the exports of Scrap Vessels decreased by -15.3%, from $2.28B to $1.93B. Trade in Scrap Vessels represent 0.0092% of total world trade.
Scrap Vessels are a part of Ships, boats, & floating structures. They include Vessels and other floating structures for breaking up.
Exports In 2021 the top exporters of Scrap Vessels were Japan ($230M), South Korea ($217M), United Arab Emirates ($185M), Nigeria ($161M), and China ($134M).
Imports In 2021 the top importers of Scrap Vessels were India ($714M), Pakistan ($518M), Thailand ($267M), Turkey ($205M), and Cameroon ($88.2M).
Tariffs In 2018 the average tariff for Scrap Vessels was 4.77%, making it the 867th lowest tariff using the HS4 product classification.
Ranking Scrap Vessels ranks 890th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Scrap 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
Scrap Vessels are the world's 769th most traded product.
In 2021, the top exporters of Scrap Vessels were Japan ($230M), South Korea ($217M), United Arab Emirates ($185M), Nigeria ($161M), and China ($134M).
In 2021, the top importers of Scrap Vessels were India ($714M), Pakistan ($518M), Thailand ($267M), Turkey ($205M), and Cameroon ($88.2M).
Trade by country
Top Origin Growth (2020 - 2021): United Arab Emirates, $156M
Top Destination Growth (2020 - 2021): Pakistan, $321M
Between 2020 and 2021, the exports of Scrap Vessels grew the fastest in United Arab Emirates ($156M), South Korea ($116M), Norway ($89.4M), Bahamas ($79.3M), and Indonesia ($73.7M).
Between 2020 and 2021, the fastest growing importers of Scrap Vessels were Pakistan ($321M), Thailand ($253M), India ($179M), China ($51.8M), and United Kingdom ($47.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Scrap Vessels.
In 2021, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Scrap Vessels are explained by 24 countries.
This map shows which countries export or import more of Scrap Vessels. Each country is colored based on the difference in exports and imports of Scrap Vessels during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Scrap Vessels were Japan ($230M), South Korea ($213M), United Arab Emirates ($183M), Nigeria ($161M), and Norway ($116M).
In 2021, the countries that had a largest trade value in imports than in exports of Scrap Vessels were India ($691M), Pakistan ($518M), Thailand ($210M), Turkey ($204M), and Cameroon ($88.1M).
In 2021, the world most traded Scrap Vessels, disaggragated by their HS6 level were Vessels and other floating structures for... ($1.93B)
This visualization shows the countries that have an important ratio of their trade related to Scrap Vessels. It is possible to select the main countries that export or import Scrap 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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