HS Icon Fishing Ships

8902 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.89B, Rnk 754 / 1225

Top Exporter (2018): $412M, Norway

Top Importer (2018): $284M, Norway

Product Complexity (2018): -0.42, Rnk 674 / 1018

Export Growth (CAGR)(2017 - 2018): 88%, Rnk 18 / 1225

Mean Tariff (2018): 4.17%, Rnk 961 / 1259

Share of World Trade (2018): 0.01%, Rnk 754 / 1225

Overview: In 2018, Fishing Ships were the world's 754th most traded product, with a total trade of $1.89B. Between 2017 and 2018 the exports of Fishing Ships grew by 88%, from  $1B to $1.89B. Trade in Fishing Ships represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Fishing Ships  were Norway ($412M), China ($293M), Spain ($265M), Poland ($186M), and Denmark ($136M).

Imports: In 2018 the top importers of Fishing Ships were Norway ($284M), Denmark ($134M), United Kingdom ($113M), Poland ($109M), and Senegal ($98.7M).

Tariffs: In 2018 the average tariff for Fishing Ships was 4.17%, been the 961 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Fishing Ships are Bermuda (35%), Sri Lanka (30%), Maldives (25%), Romania (17.2%), and Zimbabwe (16%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Fishing Ships ranks 674th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Norway, $412M

Top Destination (2018): Norway, $284M

Fishing Ships are the world's 754th most traded product.

In 2018, the top exporters of Fishing Ships were Norway ($412M), China ($293M), Spain ($265M), Poland ($186M), and Denmark ($136M).

In 2018, the top importers of Fishing Ships were Norway ($284M), Denmark ($134M), United Kingdom ($113M), Poland ($109M), and Senegal ($98.7M).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $264M

Top Destination Growth (2017 - 2018): Norway, $159M

Between 2017 and 2018, the exports of Fishing Ships grew the fastest in China ($264M), Norway ($223M), Spain ($190M), Denmark ($130M), and Poland ($128M).

Between 2017 and 2018, the fastest growing importers of Fishing Ships were Norway ($159M), United Kingdom ($105M), Senegal ($87.6M), Chile ($75M), and Denmark ($73.8M).

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Fishing Ships.

In 2018,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Fishing Ships are explained by 13 countries.

TOP NET EXPORTER (2018): China, $293M

TOP NET IMPORTER (2018): Senegal, $98.6M

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

In 2018, the countries that had a largest trade value in exports than imports of Fishing Ships were China ($293M), Spain ($263M), Norway ($128M), Turkey ($86M), and Poland ($77.3M).

In 2018, the countries that had a largest trade value in imports than exports of Fishing Ships were Senegal ($98.6M), United Kingdom ($98.1M), South Africa ($76.5M), Chile ($75M), and Germany ($73.6M).

Trade Forecasts

#permalink to section

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

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Fishing Ships was 4.17%.  The countries with the highest tariffs for importing Fishing Ships were Bermuda (35%), Sri Lanka (30%), Maldives (25%), Romania (17.2%), and Zimbabwe (16%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.