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890120 (Harmonized System 1992 for 6-digit)

2023
World Trade $11.9BRnk 297 / 4644
2023
Top Exporter | Top Importer $3.04B | $1.99BChina | Singapore
2023
Product Complexity -0.68Rnk 3462 / 4656
2022 - 2023
Export Growth (CAGR) -45.1%Rnk 4496 / 4644
2023
Share of World Trade 0.053%Rnk 297 / 4644

About

Overview This page contains the latest trade data of Tankers. In 2023, Tankers were the world's 297th most traded product, with a total trade of $11.9B. Between 2022 and 2023 the exports of Tankers decreased by -45.1%, from $21.8B to $11.9B. Trade in Tankers represent 0.053% of total world trade.

Tankers are a part of Passenger and Cargo Ships.

Exports In 2023 the top exporters of Tankers  were China ($3.04B), South Korea ($2.23B), Japan ($1.55B), Belgium ($896M), and Cyprus ($888M).

Imports In 2023 the top importers of Tankers were Singapore ($1.99B), France ($1.33B), Norway ($1.09B), Marshall Islands ($825M), and Panama ($798M).

Ranking Tankers ranks 3462nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Tankers. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$3.04B
Top Destination (2023)Singapore$1.99B

In 2023 Tankers were the world's 297th most traded product (out of 4,644).

In 2023, the top exporters of Tankers were China ($3.04B), South Korea ($2.23B), Japan ($1.55B), Belgium ($896M), and Cyprus ($888M).

In 2023, the top importers of Tankers were Singapore ($1.99B), France ($1.33B), Norway ($1.09B), Marshall Islands ($825M), and Panama ($798M).

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Exporters of Tankers (2023)
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Importers of Tankers (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Belgium$893M
Top Destination Growth (2022 -  2023)Norway$500M

Between 2022 and 2023, the exports of Tankers grew the fastest in Belgium ($893M), Cyprus ($259M), Germany ($137M), Italy ($90M), and Indonesia ($79.9M).

Between 2022 and 2023, the fastest growing importers of Tankers were Norway ($500M), France ($411M), United States ($217M), Belgium ($168M), and Italy ($161M).

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Exporters of Tankers (2022 - 2023)

Importers of Tankers (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tankers.

In 2023, market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Tankers are explained by 12 countries.

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Value of Exports in Tankers

Net Trade

TOP NET EXPORTER (2023)China$3.02B
TOP NET IMPORTER (2023)Singapore$1.8B

This map shows which countries export or import more of Tankers. Each country is colored based on the difference in exports and imports of Tankers during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Tankers were China ($3.02B), South Korea ($2.08B), Japan ($1.54B), Cyprus ($794M), and Belgium ($599M).

In 2023, the countries that had a largest trade value in imports than in exports of Tankers were Singapore ($1.8B), France ($1.29B), Norway ($1.01B), Panama ($729M), and Marshall Islands ($691M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Tankers 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 (2023)

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