HS Icon Passenger and Cargo Ships

8901 (Harmonized System 1992 for 4-digit)

World Trade (2018): $48.6B, Rnk 74 / 1225

Top Exporter (2018): $15.8B, South Korea

Top Importer (2018): $5.16B, United States

Product Complexity (2018): -0.36, Rnk 654 / 1018

Export Growth (CAGR)(2017 - 2018): -1.16%, Rnk 1106 / 1225

Mean Tariff (2018): 4.68%, Rnk 880 / 1259

Share of World Trade (2018): 0.26%, Rnk 74 / 1225

Overview:  This page contains the latest trade data of Passenger and Cargo Ships. In 2018, Passenger and Cargo Ships were the world's 74th most traded product, with a total trade of $48.6B. Between 2017 and 2018 the exports of Passenger and Cargo Ships decreased by -1.16%, from  $49.2B to $48.6B. Trade in Passenger and Cargo Ships represent 0.26% of total world trade.

Exports: In 2018 the top exporters of Passenger and Cargo Ships  were South Korea ($15.8B), Germany ($7.59B), Italy ($3.31B), China ($2.91B), and France ($2.4B).

Imports: In 2018 the top importers of Passenger and Cargo Ships were United States ($5.16B), Marshall Islands ($3.88B), Denmark ($3.53B), Singapore ($3.03B), and Bahamas ($2.12B).

Tariffs: In 2018 the average tariff for Passenger and Cargo Ships was 4.68%, been the 880 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Passenger and Cargo Ships are Bermuda (35%), Maldives (24.8%), Romania (17.2%), Cambodia (15%), and Canada (14.9%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Passenger and Cargo Ships ranks 654th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $15.8B

Top Destination (2018): United States, $5.16B

Passenger and Cargo Ships are the world's 74th most traded product.

In 2018, the top exporters of Passenger and Cargo Ships were South Korea ($15.8B), Germany ($7.59B), Italy ($3.31B), China ($2.91B), and France ($2.4B).

In 2018, the top importers of Passenger and Cargo Ships were United States ($5.16B), Marshall Islands ($3.88B), Denmark ($3.53B), Singapore ($3.03B), and Bahamas ($2.12B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $3.33B

Top Destination Growth (2017 - 2018): United States, $2.45B

Between 2017 and 2018, the exports of Passenger and Cargo Ships grew the fastest in Germany ($3.33B), France ($2.34B), Belgium-Luxembourg ($1.23B), China ($1.11B), and Poland ($754M).

Between 2017 and 2018, the fastest growing importers of Passenger and Cargo Ships were United States ($2.45B), Denmark ($2.39B), Singapore ($1.11B), Cyprus ($851M), and Italy ($778M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Passenger and Cargo Ships.

In 2018,  market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Passenger and Cargo Ships are explained by 14 countries.

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TOP NET EXPORTER (2018): South Korea, $14.8B

TOP NET IMPORTER (2018): United States, $5.02B

This map shows which countries export or import more of Passenger and Cargo Ships. Each country is colored based on the difference in exports and imports of Passenger and Cargo Ships during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Passenger and Cargo Ships were South Korea ($14.8B), Germany ($5.72B), China ($2.5B), Italy ($1.68B), and France ($1.63B).

In 2018, the countries that had a largest trade value in imports than in exports of Passenger and Cargo Ships were United States ($5.02B), Marshall Islands ($3.44B), Denmark ($3.14B), Singapore ($2.37B), and Bahamas ($1.77B).

Trade Forecasts

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This section shows forecasts for total trade for Passenger and Cargo Ships. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Passenger and Cargo Ships was 4.68%.  The countries with the highest tariffs for importing Passenger and Cargo Ships were Bermuda (35%), Maldives (24.8%), Romania (17.2%), Cambodia (15%), and Canada (14.9%).

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Product Complexity

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Diversification Frontier

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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.