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Tugs and pusher craft

8904 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.87BRnk 612 / 1217
2023
Top Exporter | Top Importer $920M | $1.05BSaudi Arabia | United Arab Emirates
2023
Product Complexity -1.46Rnk 951 / 1044
2022 - 2023
Export Growth (CAGR) -7.84%Rnk 669 / 1217
2023
Share of World Trade 0.017%Rnk 612 / 1217

About

Overview This page contains the latest trade data of Tug Boats. In 2023, Tug Boats were the world's 612th most traded product, with a total trade of $3.87B. Between 2022 and 2023 the exports of Tug Boats decreased by -7.84%, from $4.2B to $3.87B. Trade in Tug Boats represent 0.017% of total world trade.

Tug Boats are a part of Ships, boats, & floating structures. They include Tugs and pusher craft.

Exports In 2023 the top exporters of Tug Boats  were Saudi Arabia ($920M), India ($499M), Turkey ($345M), China ($269M), and Singapore ($201M).

Imports In 2023 the top importers of Tug Boats were United Arab Emirates ($1.05B), India ($298M), Singapore ($233M), Thailand ($215M), and Indonesia ($211M).

Ranking Tug Boats ranks 951st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Tug Boats. 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)Saudi Arabia$920M
Top Destination (2023)United Arab Emirates$1.05B

In 2023 Tug Boats were the world's 612th most traded product (out of 1,217).

In 2023, the top exporters of Tug Boats were Saudi Arabia ($920M), India ($499M), Turkey ($345M), China ($269M), and Singapore ($201M).

In 2023, the top importers of Tug Boats were United Arab Emirates ($1.05B), India ($298M), Singapore ($233M), Thailand ($215M), and Indonesia ($211M).

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Exporters of Tug Boats (2023)
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Importers of Tug Boats (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$280M
Top Destination Growth (2022 -  2023)Norway$162M

Between 2022 and 2023, the exports of Tug Boats grew the fastest in India ($280M), Saudi Arabia ($275M), Belgium ($117M), Norway ($85.9M), and Thailand ($72.3M).

Between 2022 and 2023, the fastest growing importers of Tug Boats were Norway ($162M), Indonesia ($123M), United Arab Emirates ($111M), Thailand ($69.4M), and Singapore ($66.2M).

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Exporters of Tug Boats (2022 - 2023)

Importers of Tug Boats (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tug Boats.

In 2023, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Tug Boats are explained by 17 countries.

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Value of Exports in Tug Boats

Net Trade

TOP NET EXPORTER (2023)Saudi Arabia$899M
TOP NET IMPORTER (2023)United Arab Emirates$977M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tug Boats were Saudi Arabia ($899M), Turkey ($331M), China ($236M), India ($201M), and Belgium ($128M).

In 2023, the countries that had a largest trade value in imports than in exports of Tug Boats were United Arab Emirates ($977M), Thailand ($104M), Sri Lanka ($88.5M), Greece ($52.9M), and Canada ($42.9M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Tug Boats by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $4.77k
TOP IMPORT POTENTIALUnited Arab Emirates+ $43.2k

Tug Boats’s highest export potential is India. With an export gap of $4.77k.  Tug Boats’s highest import potential is United Arab Emirates with an import gap of $43.2k.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Tug Boats.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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