Cargo vessels other than tanker or refrigerated890190 (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): -1.19, Rnk 2330 / 2722
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 2330th in the Product Complexity Index (PCI).
Trade By Country
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).
Trade by country
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).
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.
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).
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%).
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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