HS Icon Warships, lifeboats, hospital ships, vessels nes

890600 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $3.96B, Rnk 775 / 4648

2019
Top Exporter | Top Importer
: $628M | $304M, Norway | Norway

2019
Product Complexity
: -0.062, Rnk 2719 / 4826

2018 - 2019
Export Growth (CAGR)
: -51.8%, Rnk 4602 / 4648

2018
Mean Tariff
: 0.85%, Rnk 6383 / 6538

 2019
Share of World Trade
: 0.022%, Rnk 775 / 4648

Overview:  This page contains the latest trade data of Warships, lifeboats, hospital ships, vessels nes. In 2019, Warships, lifeboats, hospital ships, vessels nes were the world's 775th most traded product, with a total trade of $3.96B. Between 2018 and 2019 the exports of Warships, lifeboats, hospital ships, vessels nes decreased by -51.8%, from  $8.21B to $3.96B. Trade in Warships, lifeboats, hospital ships, vessels nes represent 0.022% of total world trade.

Exports: In 2019 the top exporters of Warships, lifeboats, hospital ships, vessels nes  were Norway ($628M), China ($312M), India ($294M), Italy ($253M), and South Africa ($229M).

Imports: In 2019 the top importers of Warships, lifeboats, hospital ships, vessels nes were Norway ($304M), India ($260M), Chinese Taipei ($256M), Saudi Arabia ($249M), and Cyprus ($232M).

Tariffs: In 2018 the average tariff for Warships, lifeboats, hospital ships, vessels nes was 0.85%, making it the 6383rd lowest tariff using the HS6 product classification.

Ranking: Warships, lifeboats, hospital ships, vessels nes ranks 2719th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Norway, $628M

Top Destination (2019): Norway, $304M

Warships, lifeboats, hospital ships, vessels nes are the world's 775th most traded product.

In 2019, the top exporters of Warships, lifeboats, hospital ships, vessels nes were Norway ($628M), China ($312M), India ($294M), Italy ($253M), and South Africa ($229M).

In 2019, the top importers of Warships, lifeboats, hospital ships, vessels nes 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 Warships, lifeboats, hospital ships, vessels nes 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 Warships, lifeboats, hospital ships, vessels nes 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

This chart shows the evolution of the market concentration of exports of Warships, lifeboats, hospital ships, vessels nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Warships, lifeboats, hospital ships, vessels nes 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 Warships, lifeboats, hospital ships, vessels nes. Each country is colored based on the difference in exports and imports of Warships, lifeboats, hospital ships, vessels nes during 2019.

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

Import Tariffs

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In 2018, the average tariff for importing Warships, lifeboats, hospital ships, vessels nes was 0.85%.  The countries with the highest tariffs for importing Warships, lifeboats, hospital ships, vessels nes were Austria (3.78%), Finland (2.07%), Sweden (1.27%), Latvia (0.5%), and Turkmenistan (0%).

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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.