HS Icon Other Sea Vessels

8906 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Sea Vessels. In 2019, Other Sea Vessels were the world's 564th most traded product, with a total trade of $3.96B. Between 2018 and 2019 the exports of Other Sea Vessels decreased by -51.8%, from $8.21B to $3.96B. Trade in Other Sea Vessels represent 0.022% of total world trade.

Exports In 2019 the top exporters of Other Sea Vessels  were Norway ($628M), China ($312M), India ($294M), Italy ($253M), and South Africa ($229M).

Imports In 2019 the top importers of Other Sea Vessels were Norway ($304M), India ($260M), Chinese Taipei ($256M), Saudi Arabia ($249M), and Cyprus ($232M).

Tariffs In 2018 the average tariff for Other Sea Vessels was 4.45%, making it the 929th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Sea Vessels are Bermuda (35%), Fiji (31.1%), and Bhutan (29.4%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Other Sea Vessels ranks 497th in the Product Complexity Index (PCI).

Description Vessels are used to transport people and goods. They can be made from a variety of materials, including wood, steel, aluminum, and plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Norway, $628M

Top Destination (2019): Norway, $304M

Other Sea Vessels are the world's 564th most traded product.

In 2019, the top exporters of Other Sea Vessels were Norway ($628M), China ($312M), India ($294M), Italy ($253M), and South Africa ($229M).

In 2019, the top importers of Other Sea Vessels were Norway ($304M), India ($260M), Chinese Taipei ($256M), Saudi Arabia ($249M), and Cyprus ($232M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Norway, $327M

Top Destination Growth (2018 - 2019): Gibraltar, $177M

Between 2018 and 2019, the exports of Other Sea Vessels grew the fastest in Norway ($327M), South Africa ($206M), Italy ($176M), Spain ($76.2M), and Sri Lanka ($57.3M).

Between 2018 and 2019, the fastest growing importers of Other Sea Vessels were Gibraltar ($177M), India ($144M), Russia ($75.8M), Bahamas ($70.3M), and Mauritius ($64.7M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Other Sea Vessels.

In 2019,  market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Other Sea Vessels are explained by 24 countries.

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TOP NET EXPORTER (2019): Norway, $323M

TOP NET IMPORTER (2019): Saudi Arabia, $242M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Sea Vessels were Norway ($323M), China ($288M), Italy ($213M), South Africa ($206M), and Romania ($163M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Sea Vessels were Saudi Arabia ($242M), Chinese Taipei ($223M), Cyprus ($211M), Japan ($104M), and United Arab Emirates ($86.2M).

Disaggregation

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Value

In 2019, the world most traded Other Sea Vessels, disaggragated by their HS6 level were Warships, lifeboats, hospital ships, vessels nes ($3.96B)

Import Tariffs

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In 2018, the average tariff for importing Other Sea Vessels was 4.45%. The countries with the highest tariffs for importing Other Sea Vessels were Bermuda (35%), Fiji (31.1%), and Bhutan (29.4%).

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 Other Sea Vessels to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.