Tug Boats8904 (Harmonized System 1992 for 4-digit)
2020 World Trade: $3.75B, Rnk 560 / 1217
2020 Top Exporter | Top Importer: $987M | $1.05B, United Arab Emirates | Saudi Arabia
2020 Product Complexity: -0.92, Rnk 813 / 1028
2019 - 2020 Export Growth (CAGR): -4.29%, Rnk 495 / 1217
2018 Mean Tariff: 4.75%, Rnk 870 / 1259
2020 Share of World Trade: 0.022%, Rnk 560 / 1217
Overview This page contains the latest trade data of Tug Boats. In 2020, Tug Boats were the world's 560th most traded product, with a total trade of $3.75B. Between 2019 and 2020 the exports of Tug Boats decreased by -4.29%, from $3.92B to $3.75B. Trade in Tug Boats represent 0.022% of total world trade.
Tug Boats are a part of Ships, boats and floating structures. They include Tugs and pusher craft.
Exports In 2020 the top exporters of Tug Boats were Saudi Arabia ($987M), India ($458M), China ($411M), Qatar ($265M), and Indonesia ($167M).
Imports In 2020 the top importers of Tug Boats were United Arab Emirates ($1.05B), Saudi Arabia ($392M), Singapore ($331M), India ($224M), and Oman ($211M).
Tariffs In 2018 the average tariff for Tug Boats was 4.75%, making it the 870th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Tug Boats are Bermuda (35%), Bhutan (29.4%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking Tug Boats ranks 813th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Saudi Arabia, $987M
Top Destination (2020): United Arab Emirates, $1.05B
Tug Boats are the world's 560th most traded product.
In 2020, the top exporters of Tug Boats were Saudi Arabia ($987M), India ($458M), China ($411M), Qatar ($265M), and Indonesia ($167M).
In 2020, the top importers of Tug Boats were United Arab Emirates ($1.05B), Saudi Arabia ($392M), Singapore ($331M), India ($224M), and Oman ($211M).
Trade by country
Top Origin Growth (2019 - 2020): Saudi Arabia, $891M
Top Destination Growth (2019 - 2020): United Arab Emirates, $728M
Between 2019 and 2020, the exports of Tug Boats grew the fastest in Saudi Arabia ($891M), India ($168M), Qatar ($69.2M), Turkey ($45.4M), and Nigeria ($34.1M).
Between 2019 and 2020, the fastest growing importers of Tug Boats were United Arab Emirates ($728M), Oman ($101M), Bahrain ($83.5M), United Kingdom ($52.2M), and Singapore ($42.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Tug Boats.
In 2020, market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Tug Boats are explained by 16 countries.
TOP NET EXPORTER (2020): Saudi Arabia, $595M
TOP NET IMPORTER (2020): United Arab Emirates, $911M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Tug Boats were Saudi Arabia ($595M), China ($387M), Qatar ($248M), India ($234M), and Turkey ($164M).
In 2020, the countries that had a largest trade value in imports than in exports of Tug Boats were United Arab Emirates ($911M), Oman ($210M), Singapore ($196M), Bahrain ($104M), and United Kingdom ($64.8M).
In 2019, the world most traded Tug Boats, disaggragated by their HS6 level were Tugs and pusher craft ($3.75B)
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.
In 2018, the average tariff for importing Tug Boats was 4.75%. The countries with the highest tariffs for importing Tug Boats were Bermuda (35%), Bhutan (29.4%), and Maldives (24.5%).
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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