HS Icon Other Floating Structures

8907 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.26B, Rnk 852 / 1217

2019
Top Exporter | Top Importer
: $165M | $115M, United States | United States

2019
Product Complexity
: -0.82, Rnk 739 / 961

2018 - 2019
Export Growth (CAGR)
: -1.12%, Rnk 483 / 1217

2018
Mean Tariff
: 5.41%, Rnk 762 / 1259

 2019
Share of World Trade
: 0.007%, Rnk 852 / 1217

Overview:  This page contains the latest trade data of Other Floating Structures. In 2019, Other Floating Structures were the world's 852nd most traded product, with a total trade of $1.26B. Between 2018 and 2019 the exports of Other Floating Structures decreased by -1.12%, from  $1.27B to $1.26B. Trade in Other Floating Structures represent 0.007% of total world trade.

Exports: In 2019 the top exporters of Other Floating Structures  were United States ($165M), United Kingdom ($165M), China ($151M), Germany ($120M), and Netherlands ($76.5M).

Imports: In 2019 the top importers of Other Floating Structures were United States ($115M), United Kingdom ($92.7M), Singapore ($63.8M), Brazil ($61.4M), and Vietnam ($48.7M).

Tariffs: In 2018 the average tariff for Other Floating Structures was 5.41%, making it the 762nd 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 739th in the Product Complexity Index (PCI).

Description: Rafts, tanks, coffer-dams, landing stages, buoys and other floating structures are used to keep ships afloat. They can be made from a variety of materials, including wood, metal and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $165M

Top Destination (2019): United States, $115M

Other Floating Structures are the world's 852nd most traded product.

In 2019, the top exporters of Other Floating Structures were United States ($165M), United Kingdom ($165M), China ($151M), Germany ($120M), and Netherlands ($76.5M).

In 2019, the top importers of Other Floating Structures were United States ($115M), United Kingdom ($92.7M), Singapore ($63.8M), Brazil ($61.4M), and Vietnam ($48.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $42.5M

Top Destination Growth (2018 - 2019): Vietnam, $41.9M

Between 2018 and 2019, the exports of Other Floating Structures grew the fastest in China ($42.5M), Myanmar ($40.6M), Nigeria ($21.8M), Italy ($17.4M), and Mexico ($6.34M).

Between 2018 and 2019, the fastest growing importers of Other Floating Structures were Vietnam ($41.9M), Singapore ($31.3M), United Arab Emirates ($28.4M), United Kingdom ($16.7M), and Guyana ($13M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.54. This means that most of the exports of Other Floating Structures are explained by 23 countries.

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TOP NET EXPORTER (2019): China, $133M

TOP NET IMPORTER (2019): Brazil, $53.6M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Floating Structures were China ($133M), Germany ($84.1M), United Kingdom ($71.9M), United States ($50.9M), and Netherlands ($44.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Floating Structures were Brazil ($53.6M), Singapore ($52.1M), Vietnam ($38.6M), United Arab Emirates ($31M), and Russia ($21.3M).

Disaggregation

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Value

In 2019, the world most traded Other Floating Structures, disaggragated by their HS6 level were Buoys, beacons, coffer-dams, pontoons, floats nes ($769M) and Inflatable rafts ($492M)

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.