HS Icon Cargo vessels other than tanker or refrigerated

890190 (Harmonized System 1992 for 6-digit)

World Trade (2018): $21.3B, Rnk 124 / 4726

Top Exporter (2018): $4.87B, Germany

Top Importer (2018): $3.35B, Denmark

Product Complexity (2018): -1.05, Rnk 4074 / 4873

Export Growth (CAGR)(2017 - 2018): -10.1%, Rnk 4325 / 4726

Mean Tariff (2018): 4.49%, Rnk 4532 / 6538

Share of World Trade (2018): 0.12%, Rnk 124 / 4726

Overview:  This page contains the latest trade data of Cargo vessels other than tanker or refrigerated. In 2018, Cargo vessels other than tanker or refrigerated were the world's 124th most traded product, with a total trade of $21.3B. Between 2017 and 2018 the exports of Cargo vessels other than tanker or refrigerated decreased by -10.1%, from  $23.7B to $21.3B. Trade in Cargo vessels other than tanker or refrigerated represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Cargo vessels other than tanker or refrigerated  were Germany ($4.87B), South Korea ($4.87B), China ($2.02B), Poland ($1.24B), and Norway ($653M).

Imports: In 2018 the top importers of Cargo vessels other than tanker or refrigerated were Denmark ($3.35B), Singapore ($2.22B), Marshall Islands ($1.61B), Poland ($1.1B), and Panama ($990M).

Tariffs: In 2018 the average tariff for Cargo vessels other than tanker or refrigerated was 4.49%, been the 4532 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Cargo vessels other than tanker or refrigerated are Bermuda (35%), Maldives (25%), Romania (17.2%), Cambodia (15%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Ranking: Cargo vessels other than tanker or refrigerated ranks 4074th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $4.87B

Top Destination (2018): Denmark, $3.35B

Cargo vessels other than tanker or refrigerated are the world's 124th most traded product.

In 2018, the top exporters of Cargo vessels other than tanker or refrigerated were Germany ($4.87B), South Korea ($4.87B), China ($2.02B), Poland ($1.24B), and Norway ($653M).

In 2018, the top importers of Cargo vessels other than tanker or refrigerated were Denmark ($3.35B), Singapore ($2.22B), Marshall Islands ($1.61B), Poland ($1.1B), and Panama ($990M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $2.67B

Top Destination Growth (2017 - 2018): Denmark, $2.36B

Between 2017 and 2018, the exports of Cargo vessels other than tanker or refrigerated grew the fastest in Germany ($2.67B), China ($545M), Saudi Arabia ($375M), Singapore ($365M), and Romania ($359M).

Between 2017 and 2018, the fastest growing importers of Cargo vessels other than tanker or refrigerated were Denmark ($2.36B), Singapore ($1.31B), Cyprus ($594M), Hong Kong ($551M), and Panama ($440M).

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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 Cargo vessels other than tanker or refrigerated.

In 2018,  market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Cargo vessels other than tanker or refrigerated are explained by 16 countries.

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TOP NET EXPORTER (2018): South Korea, $4.11B

TOP NET IMPORTER (2018): Denmark, $3.12B

This map shows which countries export or import more of Cargo vessels other than tanker or refrigerated. Each country is colored based on the difference in exports and imports of Cargo vessels other than tanker or refrigerated during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cargo vessels other than tanker or refrigerated were South Korea ($4.11B), Germany ($3.94B), China ($1.76B), Romania ($560M), and Turkey ($252M).

In 2018, the countries that had a largest trade value in imports than in exports of Cargo vessels other than tanker or refrigerated were Denmark ($3.12B), Singapore ($1.65B), Marshall Islands ($1.21B), Cyprus ($633M), and Panama ($612M).

Trade Forecasts

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This section shows forecasts for total trade for Cargo vessels other than tanker or refrigerated. 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 Cargo vessels other than tanker or refrigerated was 4.49%.  The countries with the highest tariffs for importing Cargo vessels other than tanker or refrigerated were Bermuda (35%), Maldives (25%), Romania (17.2%), Cambodia (15%), and Nepal (14.8%).

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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.