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2022
Exports $301MWorld Rnk 15 / 101
Flag Rnk 500 / 1217
2022
Destination $170M Finland
2021 - 2022
FASTEST GROWING MARKET $170MFinland
2022
PRODUCT COMPLEXITY IN Special Purpose Ships-1.27Rnk 902 / 1025
2022
Imports $731MWorld Rnk 11 / 174
Flag Rnk 459 / 1216
2022
Origin $514M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $514MSingapore
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $301M in Special Purpose Ships, making it the 15th largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 500th most exported product in United States. The main destination of Special Purpose Ships exports from United States are: Finland ($170M), Canada ($58.2M), Turkey ($27.9M), Trinidad and Tobago ($19.3M), and Bangladesh ($3.16M).

The fastest growing export markets for Special Purpose Ships of United States between 2021 and 2022 were Finland ($170M), Canada ($40.7M), and Turkey ($23.2M).

Imports In 2022, United States imported $731M in Special Purpose Ships, becoming the 11th largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 459th most imported product in United States. United States imports Special Purpose Ships primarily from: Singapore ($514M), South Korea ($196M), Canada ($9.22M), Japan ($4.44M), and China ($2.2M).

The fastest growing import markets in Special Purpose Ships for United States between 2021 and 2022 were Singapore ($514M), Canada ($5.42M), and Japan ($4.44M).

COMPANIES In 2023, leading companies such as Wistron (159), Samsung (48), and LG Electronics (35) were at the forefront of shipping Special Purpose Ships to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Special Purpose Ships exports accounted up to $5.94M and imports accounted up to $1.9M, resulting in a positive trade balance of $4.05M. Between June 2023 and June 2024 the exports of United States'   Special Purpose Ships have decreased by $-1.12M (-15.9%) from $7.06M to $5.94M, while imports decreased by $-613k (-24.4%) from $2.51M to $1.9M.

Destinations In June 2024, Special Purpose Ships were exported mostly to Mexico ($2.99M), Indonesia ($1.04M), Canada ($980k), Bahamas ($207k), and Malta ($207k), and were imported mostly from Canada ($900k), China ($772k), Vietnam ($224k), South Africa ($0), and Philippines ($0).

Growth In June 2024, the decrease in Special Purpose Ships's year-by-year exports was explained primarily by a decrease in exports to Canada ($-620k or -55.5%) and United Kingdom ($-87k or -83.7%). In June 2024, the decrease in Special Purpose Ships's year-by-year imports was explained primarily by a decrease in imports from China ($-160k or -39.4%), Spain ($-506 or -1.55%), and South Africa ($-84 or -0.51%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.12M(-15.9%)
IMPORT GROWTH (June 2023 - June 2024)$-613k(-24.4%)
MAIN EXPORTER (June 2024)Texas$3.28M
MAIN DESTINATION (June 2024)Mexico$2.99M

This section shows Special Purpose Ships's exports and imports data at subnational level for United States. 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)$301M
IMPORTS (2022)$731M
NET TRADE (2022)-$430M

In 2022, United States exported $301M in Special Purpose Ships. The main destinations of United States exports on Special Purpose Ships were Finland ($170M), Canada ($58.2M), Turkey ($27.9M), Trinidad and Tobago ($19.3M), and Bangladesh ($3.16M).

In 2022, United States imported $731M in Special Purpose Ships, mainly from Singapore ($514M), South Korea ($196M), Canada ($9.22M), Japan ($4.44M), and China ($2.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR United States WERE (2021 - 2022):
Finland$170M (330k%)
Canada$40.7M (232%)
Turkey$23.2M (501%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY United States WERE (2021 - 2022):
Gabon-$89.3M (-100%)
Saudi Arabia-$69.7M (-99.1%)
New Zealand-$45.3M (-99.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Special Purpose Ships were:
South Korea $7.36B
China $6.67B
Singapore $2.96B
In 2022, United States'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 POTENTIALCanada+ $7.3M
TOP IMPORT POTENTIALChina+ $19.6M

Special Purpose Ships’s highest export potential is Canada. With an export gap of $7.3M.   Special Purpose Ships’s highest import potential is China with an import gap of $19.6M.

See methodology.

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