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2022
Exports $6.67BWorld Rnk 2 / 101
Flag Rnk 103 / 1216
2022
Destination $1.77B Singapore
2021 - 2022
FASTEST GROWING MARKET $1.77BSingapore
2022
PRODUCT COMPLEXITY IN Special Purpose Ships-1.27Rnk 902 / 1025
2022
Imports $1.17BWorld Rnk 5 / 174
Flag Rnk 195 / 1212
2022
Origin $561M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $561MSingapore
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

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 (89), Vestas (12), and Panasonic (9) were at the forefront of shipping Special Purpose Ships from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Special Purpose Ships exports accounted up to $218M and imports accounted up to $796k, resulting in a positive trade balance of $218M. Between September 2023 and September 2024 the exports of China's   Special Purpose Ships have increased by $183M (519%) from $35.3M to $218M, while imports decreased by $-119M (-99.3%) from $120M to $796k.

Destinations In September 2024, Special Purpose Ships were exported mostly to Hong Kong ($174M), Saudi Arabia ($14.5M), Malaysia ($6.47M), Bangladesh ($5.41M), and Indonesia ($3.08M), and were imported mostly from Spain ($796k).

Growth In September 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 ($2.9M or 298%). In September 2024, the decrease in Special Purpose Ships's year-by-year imports was explained primarily by a decrease in imports from China ($-35.1M or -94.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$183M(519%)
IMPORT GROWTH (January 2022 - September 2024)$-119M(-99.3%)
MAIN EXPORTER (September 2024)Jiangsu Province$1.9B
MAIN DESTINATION (September 2024)Hong Kong$174M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$1.77B (205%)
Burma$560M (90.8k%)
Norway$533M (2.52M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY China WERE (2021 - 2022):
China-$900M (-78.6%)
United Arab Emirates-$296M (-84.6%)
Philippines-$214M (-90.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Special Purpose Ships were:
South Korea $7.36B
Singapore $2.96B
In 2022, China's main importing competitors in Special Purpose Ships were:
Mozambique $4.48B
Singapore $3.3B
India $3.14B

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Trade Value of Special Purpose Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $22.4M
TOP IMPORT POTENTIALNigeria+ $21.1M

Special Purpose Ships’s highest export potential is Vietnam. With an export gap of $22.4M.   Special Purpose Ships’s highest import potential is Nigeria with an import gap of $21.1M.

See methodology.

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