HS Icon Fishing Ships

8902 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Fishing Ships. In 2019, Fishing Ships were the world's 765th most traded product, with a total trade of $1.76B. Between 2018 and 2019 the exports of Fishing Ships decreased by -7.43%, from $1.9B to $1.76B. Trade in Fishing Ships represent 0.0097% of total world trade.

Exports: In 2019 the top exporters of Fishing Ships  were Spain ($317M), Poland ($206M), Norway ($191M), Denmark ($170M), and Turkey ($169M).

Imports: In 2019 the top importers of Fishing Ships were Norway ($374M), Greenland ($249M), Russia ($161M), Iceland ($142M), and United Kingdom ($98M).

Tariffs: In 2018 the average tariff for Fishing Ships was 4.17%, making it the 961st 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 602nd in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $317M

Top Destination (2019): Norway, $374M

Fishing Ships are the world's 765th most traded product.

In 2019, the top exporters of Fishing Ships were Spain ($317M), Poland ($206M), Norway ($191M), Denmark ($170M), and Turkey ($169M).

In 2019, the top importers of Fishing Ships were Norway ($374M), Greenland ($249M), Russia ($161M), Iceland ($142M), and United Kingdom ($98M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $83.9M

Top Destination Growth (2018 - 2019): Greenland, $158M

Between 2018 and 2019, the exports of Fishing Ships grew the fastest in Turkey ($83.9M), Spain ($53.2M), Denmark ($31.5M), Russia ($29.9M), and Barbados ($21.7M).

Between 2018 and 2019, the fastest growing importers of Fishing Ships were Greenland ($158M), Iceland ($106M), Russia ($89.1M), Norway ($86.3M), and Morocco ($37.3M).

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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 Fishing Ships.

In 2019,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Fishing Ships are explained by 16 countries.

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TOP NET EXPORTER (2019): Spain, $300M

TOP NET IMPORTER (2019): Greenland, $230M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Fishing Ships were Spain ($300M), Turkey ($169M), China ($141M), Poland ($116M), and Denmark ($107M).

In 2019, the countries that had a largest trade value in imports than in exports of Fishing Ships were Greenland ($230M), Norway ($183M), Russia ($80.2M), United Kingdom ($78.7M), and Iceland ($66.9M).

Disaggregation

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Value

In 2019, the world most traded Fishing Ships, disaggragated by their HS6 level were Fishing vessels and factory ships ($1.76B)

Import Tariffs

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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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Fishing Ships to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.