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2023
Exports $269MWorld Rnk 4 / 86
Flag Rnk 689 / 1215
2023
Destination $53.7M India
2022 - 2023
FASTEST GROWING MARKET $53.7MIndia
2023
PRODUCT COMPLEXITY IN Tug Boats-1.04Rnk 840 / 1025
2023
Imports $32MWorld Rnk 27 / 133
Flag Rnk 840 / 1214
2023
Origin $11.4M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $11.4MIndonesia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $269M in Tug Boats, making it the 4th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 689th most exported product in China. The main destination of Tug Boats exports from China are: India ($61.9M), Australia ($23M), Azerbaijan ($21M), Panama ($18.6M), and Benin ($17.5M).

The fastest growing export markets for Tug Boats of China between 2022 and 2023 were India ($53.7M), Australia ($23M), and Panama ($18.6M).

Imports In 2023, China imported $32M in Tug Boats, becoming the 27th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 840th most imported product in China. China imports Tug Boats primarily from: Indonesia ($13.7M), Japan ($9.4M), Singapore ($6.69M), Malaysia ($1.27M), and Hong Kong ($939k).

The fastest growing import markets in Tug Boats for China between 2022 and 2023 were Indonesia ($11.4M) and Tanzania ($438).

COMPANIES In 2024, leading companies such as Dollarama (74), CrimsonLogic (17), and Robert Bosch (7) were at the forefront of shipping Tug Boats from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Tug Boats exports accounted up to $36.7M and imports accounted up to $1.78M, resulting in a positive trade balance of $34.9M. Between December 2023 and December 2024 the exports of China's   Tug Boats have decreased by $-1.11M (-2.93%) from $37.8M to $36.7M, while imports decreased by $-9.24M (-83.9%) from $11M to $1.78M.

Destinations In December 2024, Tug Boats were exported mostly to Saudi Arabia ($20.6M), Vietnam ($5.7M), United Arab Emirates ($4.89M), Thailand ($3.47M), and Hong Kong ($2M), and were imported mostly from .

Growth In December 2024, the decrease in Tug Boats's year-by-year exports was explained primarily by a decrease in exports to Egypt ($-6.85M or -88.9%) and United Arab Emirates ($-4.26M or -51.1%). In November 2024, the decrease in Tug Boats's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.11M(-2.93%)
IMPORT GROWTH (May 2022 - November 2024)$-9.24M(-83.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Saudi Arabia$20.6M

This section shows Tug Boats'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 Tug Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$269M
IMPORTS (2023)$32M
NET TRADE (2023)$236M

In 2023, China exported $269M in Tug Boats. The main destinations of China exports on Tug Boats were India ($61.9M), Australia ($23M), Azerbaijan ($21M), Panama ($18.6M), and Benin ($17.5M).

In 2023, China imported $32M in Tug Boats, mainly from Indonesia ($13.7M), Japan ($9.4M), Singapore ($6.69M), Malaysia ($1.27M), and Hong Kong ($939k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR China WERE (2022 - 2023):
India$53.7M (651%)
Australia$23M (1%)
Panama$18.6M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY China WERE (2022 - 2023):
Saudi Arabia-$337M (-97%)
United Arab Emirates-$56.9M (-92.6%)
Bahrain-$31.6M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Tug Boats were:
Saudi Arabia $920M
India $499M
Turkey $345M
In 2023, China's main importing competitors in Tug Boats were:
United Arab Emirates $1.05B
India $298M
Singapore $233M

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $11.9M
TOP IMPORT POTENTIALSouth Korea+ $1.91M

Tug Boats’s highest export potential is India. With an export gap of $11.9M.   Tug Boats’s highest import potential is South Korea with an import gap of $1.91M.

See methodology.

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