Tankers890120 (Harmonized System 1992 for 6-digit)
World Trade (2018): $15.8B, Rnk 175 / 4726
Top Exporter (2018): $10.9B, South Korea
Top Importer (2018): $2.27B, Marshall Islands
Product Complexity (2018): -0.17, Rnk 1681 / 2722
Export Growth (CAGR)(2017 - 2018): -10.4%, Rnk 4330 / 4726
Mean Tariff (2018): 4.18%, Rnk 4817 / 6538
Share of World Trade (2018): 0.086%, Rnk 175 / 4726
Overview: This page contains the latest trade data of Tankers. In 2018, Tankers were the world's 175th most traded product, with a total trade of $15.8B. Between 2017 and 2018 the exports of Tankers decreased by -10.4%, from $17.6B to $15.8B. Trade in Tankers represent 0.086% of total world trade.
Exports: In 2018 the top exporters of Tankers were South Korea ($10.9B), Belgium-Luxembourg ($1.19B), Poland ($687M), China ($533M), and Japan ($347M).
Imports: In 2018 the top importers of Tankers were Marshall Islands ($2.27B), Bahamas ($1.51B), Liberia ($1.41B), Greece ($1.14B), and United Kingdom ($926M).
Tariffs: In 2018 the average tariff for Tankers was 4.18%, been the 4817 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Tankers are Bermuda (35%), Maldives (24.5%), Romania (17.2%), Panama (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Tankers ranks 1681st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): South Korea, $10.9B
Top Destination (2018): Marshall Islands, $2.27B
Tankers are the world's 175th most traded product.
In 2018, the top exporters of Tankers were South Korea ($10.9B), Belgium-Luxembourg ($1.19B), Poland ($687M), China ($533M), and Japan ($347M).
In 2018, the top importers of Tankers were Marshall Islands ($2.27B), Bahamas ($1.51B), Liberia ($1.41B), Greece ($1.14B), and United Kingdom ($926M).
Trade by country
Top Origin Growth (2017 - 2018): Belgium-Luxembourg, $1.18B
Top Destination Growth (2017 - 2018): Belgium-Luxembourg, $482M
Between 2017 and 2018, the exports of Tankers grew the fastest in Belgium-Luxembourg ($1.18B), Poland ($463M), China ($343M), Iceland ($182M), and Japan ($152M).
Between 2017 and 2018, the fastest growing importers of Tankers were Belgium-Luxembourg ($482M), Liberia ($324M), Cyprus ($226M), Malta ($174M), and Norway ($165M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Tankers.
In 2018, market concentration measured using Shannon Entropy, was 2.1. This means that most of the exports of Tankers are explained by 4 countries.
TOP NET EXPORTER (2018): South Korea, $10.7B
TOP NET IMPORTER (2018): Marshall Islands, $2.25B
This map shows which countries export or import more of Tankers. Each country is colored based on the difference in exports and imports of Tankers during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Tankers were South Korea ($10.7B), Belgium-Luxembourg ($548M), China ($440M), Japan ($347M), and Poland ($310M).
In 2018, the countries that had a largest trade value in imports than in exports of Tankers were Marshall Islands ($2.25B), Liberia ($1.38B), Greece ($1.09B), United Kingdom ($889M), and Panama ($867M).
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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