HS Icon Other Floating Structures

8907 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.17B, Rnk 877 / 1225

Top Exporter (2018): $166M, United Kingdom

Top Importer (2018): $118M, United States

Product Complexity (2018): -0.43, Rnk 678 / 1018

Export Growth (CAGR)(2017 - 2018): 32%, Rnk 156 / 1225

Mean Tariff (2018): 5.41%, Rnk 762 / 1259

Share of World Trade (2018): 0.0063%, Rnk 877 / 1225

Overview:  This page contains the latest trade data of Other Floating Structures. In 2018, Other Floating Structures were the world's 877th most traded product, with a total trade of $1.17B. Between 2017 and 2018 the exports of Other Floating Structures grew by 32%, from  $884M to $1.17B. Trade in Other Floating Structures represent 0.0063% of total world trade.

Exports: In 2018 the top exporters of Other Floating Structures  were United Kingdom ($166M), United States ($138M), Germany ($115M), China ($101M), and Netherlands ($98M).

Imports: In 2018 the top importers of Other Floating Structures were United States ($118M), Brazil ($78.8M), United Kingdom ($74.4M), Denmark ($47.8M), and Norway ($44.9M).

Tariffs: In 2018 the average tariff for Other Floating Structures was 5.41%, been the 762 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Floating Structures are Bahamas (40.2%), Bermuda (35%), Maldives (24.8%), Zimbabwe (18.2%), and Romania (17.2%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Ranking: Other Floating Structures ranks 678th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $166M

Top Destination (2018): United States, $118M

Other Floating Structures are the world's 877th most traded product.

In 2018, the top exporters of Other Floating Structures were United Kingdom ($166M), United States ($138M), Germany ($115M), China ($101M), and Netherlands ($98M).

In 2018, the top importers of Other Floating Structures were United States ($118M), Brazil ($78.8M), United Kingdom ($74.4M), Denmark ($47.8M), and Norway ($44.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $61.5M

Top Destination Growth (2017 - 2018): United States, $51.3M

Between 2017 and 2018, the exports of Other Floating Structures grew the fastest in Netherlands ($61.5M), United States ($52M), United Arab Emirates ($44.7M), Germany ($41.7M), and Thailand ($29M).

Between 2017 and 2018, the fastest growing importers of Other Floating Structures were United States ($51.3M), Denmark ($37.7M), Curaçao ($33M), United Kingdom ($32.2M), and Chinese Taipei ($22M).

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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 Other Floating Structures.

In 2018,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Other Floating Structures are explained by 22 countries.

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TOP NET EXPORTER (2018): United Kingdom, $91.2M

TOP NET IMPORTER (2018): Brazil, $73.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Floating Structures were United Kingdom ($91.2M), China ($86.3M), Netherlands ($80.8M), Germany ($79.1M), and Thailand ($40.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Floating Structures were Brazil ($73.3M), Nigeria ($37M), Curaçao ($33M), Singapore ($22.9M), and Denmark ($20.5M).

Trade Forecasts

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This section shows forecasts for total trade for Other Floating Structures. 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 Other Floating Structures was 5.41%.  The countries with the highest tariffs for importing Other Floating Structures were Bahamas (40.2%), Bermuda (35%), Maldives (24.8%), Zimbabwe (18.2%), and Romania (17.2%).

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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.