Special Purpose Ships
8905 (Harmonized System 1992 for 4-digit)
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.
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
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).
Market Dynamics
#permalink to sectionTrade by country
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).
Market Concentration
#permalink to sectionCumulative 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.
Net Trade
#permalink to sectionThis 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
#permalink to sectionIn 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)
Tariffs
#permalink to sectionProduct Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
