HS Icon Special Purpose Ships

8905 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $32.1B, Rnk 115 / 1217

2019
Top Exporter | Top Importer
: $8.17B | $3.51B, China | Brazil

2019
Product Complexity
: -1.2, Rnk 827 / 961

2018 - 2019
Export Growth (CAGR)
: -14.4%, Rnk 1064 / 1217

2018
Mean Tariff
: 4.46%, Rnk 917 / 1259

 2019
Share of World Trade
: 0.18%, Rnk 115 / 1217

Overview:  This page contains the latest trade data of Special Purpose Ships. In 2019, Special Purpose Ships were the world's 115th most traded product, with a total trade of $32.1B. Between 2018 and 2019 the exports of Special Purpose Ships decreased by -14.4%, from  $37.5B to $32.1B. Trade in Special Purpose Ships represent 0.18% of total world trade.

Exports: In 2019 the top exporters of Special Purpose Ships  were China ($8.17B), India ($3.46B), Singapore ($3.09B), Brazil ($2.82B), and United States ($1.97B).

Imports: In 2019 the top importers of Special Purpose Ships were Brazil ($3.51B), Singapore ($2.81B), India ($2.52B), Saudi Arabia ($2.48B), and Guyana ($2.4B).

Tariffs: In 2018 the average tariff for Special Purpose Ships was 4.46%, making it the 917th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Special Purpose Ships are Bahamas (40.2%), Bermuda (35%), Maldives (24.5%), Romania (17.2%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Special Purpose Ships ranks 827th in the Product Complexity Index (PCI).

Description: Floating docks are used to hold boats in place while they are being worked on. Floating cranes are used to lift heavy objects, and floating dredgers are used to remove sediment from the bottom of a body of water.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $8.17B

Top Destination (2019): Brazil, $3.51B

Special Purpose Ships are the world's 115th most traded product.

In 2019, the top exporters of Special Purpose Ships were China ($8.17B), India ($3.46B), Singapore ($3.09B), Brazil ($2.82B), and United States ($1.97B).

In 2019, the top importers of Special Purpose Ships were Brazil ($3.51B), Singapore ($2.81B), India ($2.52B), Saudi Arabia ($2.48B), and Guyana ($2.4B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $1.65B

Top Destination Growth (2018 - 2019): Guyana, $2.4B

Between 2018 and 2019, the exports of Special Purpose Ships grew the fastest in India ($1.65B), United States ($1.58B), China ($1.31B), Indonesia ($1.21B), and Guyana ($1.08B).

Between 2018 and 2019, the fastest growing importers of Special Purpose Ships were Guyana ($2.4B), Bahamas ($1.06B), Israel ($1.02B), Saudi Arabia ($792M), and Ghana ($654M).

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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 Special Purpose Ships.

In 2019,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Special Purpose Ships are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $7.68B

TOP NET IMPORTER (2019): Panama, $1.41B

This map shows which countries export or import more of Special Purpose Ships. Each country is colored based on the difference in exports and imports of Special Purpose Ships during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Special Purpose Ships were China ($7.68B), South Korea ($1.9B), United States ($1.78B), India ($938M), and Indonesia ($792M).

In 2019, the countries that had a largest trade value in imports than in exports of Special Purpose Ships were Panama ($1.41B), Guyana ($1.33B), United Arab Emirates ($1.14B), Netherlands ($1.12B), and Israel ($1.07B).

Disaggregation

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Value

In 2019, the world most traded Special Purpose Ships, disaggragated by their HS6 level were Floating, submersible drilling or production platform ($16.9B), Floating docks, special function vessels nes ($12.8B), and Dredgers ($2.44B)

Import Tariffs

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In 2018, the average tariff for importing Special Purpose Ships was 4.46%.  The countries with the highest tariffs for importing Special Purpose Ships were Bahamas (40.2%), Bermuda (35%), Maldives (24.5%), Romania (17.2%), and Panama (15%).

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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.