Passenger and Cargo Ships8901 (Harmonized System 1992 for 4-digit)
World Trade (2018): $48.6B, Rnk 74 / 1225
Top Exporter (2018): $15.8B, South Korea
Top Importer (2018): $5.16B, United States
Product Complexity (2018): -0.36, Rnk 654 / 1018
Export Growth (CAGR)(2017 - 2018): -1.16%, Rnk 1106 / 1225
Mean Tariff (2018): 4.68%, Rnk 880 / 1259
Share of World Trade (2018): 0.26%, Rnk 74 / 1225
Overview: This page contains the latest trade data of Passenger and Cargo Ships. In 2018, Passenger and Cargo Ships were the world's 74th most traded product, with a total trade of $48.6B. Between 2017 and 2018 the exports of Passenger and Cargo Ships decreased by -1.16%, from $49.2B to $48.6B. Trade in Passenger and Cargo Ships represent 0.26% of total world trade.
Exports: In 2018 the top exporters of Passenger and Cargo Ships were South Korea ($15.8B), Germany ($7.59B), Italy ($3.31B), China ($2.91B), and France ($2.4B).
Imports: In 2018 the top importers of Passenger and Cargo Ships were United States ($5.16B), Marshall Islands ($3.88B), Denmark ($3.53B), Singapore ($3.03B), and Bahamas ($2.12B).
Tariffs: In 2018 the average tariff for Passenger and Cargo Ships was 4.68%, been the 880 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Passenger and Cargo Ships are Bermuda (35%), Maldives (24.8%), Romania (17.2%), Cambodia (15%), and Canada (14.9%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Passenger and Cargo Ships ranks 654th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): South Korea, $15.8B
Top Destination (2018): United States, $5.16B
Passenger and Cargo Ships are the world's 74th most traded product.
In 2018, the top exporters of Passenger and Cargo Ships were South Korea ($15.8B), Germany ($7.59B), Italy ($3.31B), China ($2.91B), and France ($2.4B).
In 2018, the top importers of Passenger and Cargo Ships were United States ($5.16B), Marshall Islands ($3.88B), Denmark ($3.53B), Singapore ($3.03B), and Bahamas ($2.12B).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $3.33B
Top Destination Growth (2017 - 2018): United States, $2.45B
Between 2017 and 2018, the exports of Passenger and Cargo Ships grew the fastest in Germany ($3.33B), France ($2.34B), Belgium-Luxembourg ($1.23B), China ($1.11B), and Poland ($754M).
Between 2017 and 2018, the fastest growing importers of Passenger and Cargo Ships were United States ($2.45B), Denmark ($2.39B), Singapore ($1.11B), Cyprus ($851M), and Italy ($778M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Passenger and Cargo Ships.
In 2018, market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Passenger and Cargo Ships are explained by 14 countries.
TOP NET EXPORTER (2018): South Korea, $14.8B
TOP NET IMPORTER (2018): United States, $5.02B
This map shows which countries export or import more of Passenger and Cargo Ships. Each country is colored based on the difference in exports and imports of Passenger and Cargo Ships during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Passenger and Cargo Ships were South Korea ($14.8B), Germany ($5.72B), China ($2.5B), Italy ($1.68B), and France ($1.63B).
In 2018, the countries that had a largest trade value in imports than in exports of Passenger and Cargo Ships were United States ($5.02B), Marshall Islands ($3.44B), Denmark ($3.14B), Singapore ($2.37B), and Bahamas ($1.77B).
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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