Special Purpose Ships in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $6.67B in Special Purpose Ships, making it the 2nd largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 103rd most exported product in China. The main destination of Special Purpose Ships exports from China are: Singapore ($2.64B), Burma ($561M), Norway ($534M), Indonesia ($510M), and Russia ($288M).

The fastest growing export markets for Special Purpose Ships of China between 2021 and 2022 were Singapore ($1.77B), Burma ($560M), and Norway ($533M).

Imports In 2022, China imported $1.17B in Special Purpose Ships, becoming the 5th largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 195th most imported product in China. China imports Special Purpose Ships primarily from: Singapore ($635M), China ($246M), Germany ($228M), Nigeria ($24.5M), and Hong Kong ($16.5M).

The fastest growing import markets in Special Purpose Ships for China between 2021 and 2022 were Singapore ($561M), Germany ($228M), and Japan ($12.4M).

COMPANIES In 2023, leading companies such as WISTRON INFOCOMM TECHNOLOGY (89), VESTAS NACELLES AMERICA INC. (12), and PANASONIC AUTOMOTIVE SYSTEMS (9) were at the forefront of shipping Special Purpose Ships from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Special Purpose Ships exports accounted up to $156M and imports accounted up to $2.11M, resulting in a positive trade balance of $154M. Between March 2023 and March 2024 the exports of China's Special Purpose Ships have increased by $49.4M (46.4%) from $106M to $156M, while imports decreased by $-37.3M (-94.6%) from $39.4M to $2.11M.

Destinations In March 2024, Special Purpose Ships were exported mostly to Saudi Arabia ($128M), Guinea ($12.7M), Russia ($5.16M), Ghana ($4.25M), and India ($1.8M), and were imported mostly from China ($2.11M).

Growth In March 2024, the increase in Special Purpose Ships's year-by-year exports was explained primarily by an increase in exports to Singapore ($917M or 1.19k%), Indonesia ($39.2M or 552%), and Japan ($2.9M or 298%). In March 2024, the decrease in Special Purpose Ships's year-by-year imports was explained primarily by a decrease in imports from China ($-35.1M or -94.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$49.4M(46.4%)

IMPORT GROWTH (October 2021 - March 2024)$-37.3M(-94.6%)

MAIN EXPORTER (March 2024)Shanghai Province$98.1M

MAIN DESTINATION (March 2024)Saudi Arabia$128M

This section shows Special Purpose Ships's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Special Purpose Ships over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.67B

IMPORTS (2022)$1.17B

NET TRADE (2022)$5.5B

In 2022, China exported $6.67B in Special Purpose Ships. The main destinations of China exports on Special Purpose Ships were Singapore ($2.64B), Burma ($561M), Norway ($534M), Indonesia ($510M), and Russia ($288M).

In 2022, China imported $1.17B in Special Purpose Ships, mainly from Singapore ($635M), China ($246M), Germany ($228M), Nigeria ($24.5M), and Hong Kong ($16.5M).

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