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Tugs and pusher craft

8904 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.78BRnk 699 / 1218
2022
Top Exporter | Top Importer $444M | $453MChina | United Arab Emirates
2022
Product Complexity -1.64Rnk 972 / 1033
2021 - 2022
Export Growth (CAGR) -29.9%Rnk 1196 / 1218
2022
Share of World Trade 0.012%Rnk 699 / 1218

About

Overview This page contains the latest trade data of Tug Boats. In 2022, Tug Boats were the world's 699th most traded product, with a total trade of $2.78B. Between 2021 and 2022 the exports of Tug Boats decreased by -29.9%, from $3.96B to $2.78B. Trade in Tug Boats represent 0.012% of total world trade.

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

Exports In 2022 the top exporters of Tug Boats  were China ($444M), Qatar ($340M), Singapore ($339M), Turkey ($313M), and India ($226M).

Imports In 2022 the top importers of Tug Boats were United Arab Emirates ($453M), India ($364M), Singapore ($195M), Thailand ($137M), and Belgium ($131M).

Ranking Tug Boats ranks 972nd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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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 (2022)China$444M
Top Destination (2022)United Arab Emirates$453M

In 2022 Tug Boats were the world's 699th most traded product (out of 1,218).

In 2022, the top exporters of Tug Boats were China ($444M), Qatar ($340M), Singapore ($339M), Turkey ($313M), and India ($226M).

In 2022, the top importers of Tug Boats were United Arab Emirates ($453M), India ($364M), Singapore ($195M), Thailand ($137M), and Belgium ($131M).

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Exporters of Tug Boats (2022)
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Importers of Tug Boats (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Singapore$207M
Top Destination Growth (2021 -  2022)India$172M

Between 2021 and 2022, the exports of Tug Boats grew the fastest in Singapore ($207M), Qatar ($164M), China ($103M), Turkey ($83.2M), and South Korea ($79.5M).

Between 2021 and 2022, the fastest growing importers of Tug Boats were India ($172M), Sri Lanka ($71.6M), Canada ($54.7M), Belgium ($47.9M), and Brazil ($45.9M).

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Exporters of Tug Boats (2021 - 2022)

Importers of Tug Boats (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Tug Boats are explained by 18 countries.

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Value of Exports in Tug Boats

Net Trade

TOP NET EXPORTER (2022)China$378M
TOP NET IMPORTER (2022)United Arab Emirates$372M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tug Boats were China ($378M), Qatar ($328M), Turkey ($309M), Singapore ($144M), and Vietnam ($92.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Tug Boats were United Arab Emirates ($372M), India ($138M), Belgium ($119M), Thailand ($106M), and Sri Lanka ($82.5M).

Net Trade (2022)

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.

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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 (2022)

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 (2022)

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