Other Sea Vessels8906 (Harmonized System 1992 for 4-digit)
World Trade (2018): $6.32B, Rnk 447 / 1225
Top Exporter (2018): $1.17B, South Korea
Top Importer (2018): $823M, Norway
Product Complexity (2018): 0.056, Rnk 523 / 1018
Export Growth (CAGR)(2017 - 2018): 85.6%, Rnk 19 / 1225
Mean Tariff (2018): 4.52%, Rnk 906 / 1259
Share of World Trade (2018): 0.034%, Rnk 447 / 1225
Overview: This page contains the latest trade data of Other Sea Vessels. In 2018, Other Sea Vessels were the world's 447th most traded product, with a total trade of $6.32B. Between 2017 and 2018 the exports of Other Sea Vessels grew by 85.6%, from $3.41B to $6.32B. Trade in Other Sea Vessels represent 0.034% of total world trade.
Exports: In 2018 the top exporters of Other Sea Vessels were South Korea ($1.17B), China ($705M), Saudi Arabia ($677M), India ($456M), and Singapore ($315M).
Imports: In 2018 the top importers of Other Sea Vessels were Norway ($823M), United Arab Emirates ($551M), Qatar ($471M), Thailand ($468M), and Saudi Arabia ($445M).
Tariffs: In 2018 the average tariff for Other Sea Vessels was 4.52%, been the 906 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Other Sea Vessels are Bermuda (35%), Fiji (31.1%), Liberia (18.9%), Maldives (18.3%), and Bahamas (17.8%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Other Sea Vessels ranks 523rd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): South Korea, $1.17B
Top Destination (2018): Norway, $823M
Other Sea Vessels are the world's 447th most traded product.
In 2018, the top exporters of Other Sea Vessels were South Korea ($1.17B), China ($705M), Saudi Arabia ($677M), India ($456M), and Singapore ($315M).
In 2018, the top importers of Other Sea Vessels were Norway ($823M), United Arab Emirates ($551M), Qatar ($471M), Thailand ($468M), and Saudi Arabia ($445M).
Trade by country
Top Origin Growth (2017 - 2018): Saudi Arabia, $677M
Top Destination Growth (2017 - 2018): United Arab Emirates, $543M
Between 2017 and 2018, the exports of Other Sea Vessels grew the fastest in Saudi Arabia ($677M), South Korea ($656M), China ($609M), India ($454M), and Cyprus ($277M).
Between 2017 and 2018, the fastest growing importers of Other Sea Vessels were United Arab Emirates ($543M), Qatar ($469M), Thailand ($467M), Saudi Arabia ($434M), and Norway ($403M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Sea Vessels.
In 2018, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Other Sea Vessels are explained by 18 countries.
TOP NET EXPORTER (2018): South Korea, $1.05B
TOP NET IMPORTER (2018): Norway, $527M
This map shows which countries export or import more of Other Sea Vessels. Each country is colored based on the difference in exports and imports of Other Sea Vessels during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Other Sea Vessels were South Korea ($1.05B), China ($680M), India ($341M), Singapore ($290M), and Romania ($287M).
In 2018, the countries that had a largest trade value in imports than in exports of Other Sea Vessels were Norway ($527M), United Arab Emirates ($520M), Qatar ($471M), Thailand ($466M), and Indonesia ($381M).
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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