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Vessels and other floating structures; for breaking up

8908 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.29BRnk 874 / 1217
2023
Top Exporter | Top Importer $312M | $543MThailand | India
2023
Product Complexity -1.26Rnk 922 / 1044
2022 - 2023
Export Growth (CAGR) -39%Rnk 1190 / 1217
2023
Share of World Trade 0.0057%Rnk 874 / 1217

About

Overview This page contains the latest trade data of Scrap Vessels. In 2023, Scrap Vessels were the world's 874th most traded product, with a total trade of $1.29B. Between 2022 and 2023 the exports of Scrap Vessels decreased by -39%, from $2.12B to $1.29B. Trade in Scrap Vessels represent 0.0057% of total world trade.

Scrap Vessels are a part of Ships, boats, & floating structures. They include Vessels and other floating structures for breaking up.

Exports In 2023 the top exporters of Scrap Vessels  were Thailand ($312M), Japan ($230M), Bahamas ($92M), Nigeria ($85.8M), and Singapore ($82.1M).

Imports In 2023 the top importers of Scrap Vessels were India ($543M), Malaysia ($120M), Singapore ($115M), Turkey ($113M), and Thailand ($108M).

Ranking Scrap Vessels ranks 922nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Scrap Vessels. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Thailand$312M
Top Destination (2023)India$543M

In 2023 Scrap Vessels were the world's 874th most traded product (out of 1,217).

In 2023, the top exporters of Scrap Vessels were Thailand ($312M), Japan ($230M), Bahamas ($92M), Nigeria ($85.8M), and Singapore ($82.1M).

In 2023, the top importers of Scrap Vessels were India ($543M), Malaysia ($120M), Singapore ($115M), Turkey ($113M), and Thailand ($108M).

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Exporters of Scrap Vessels (2023)
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Importers of Scrap Vessels (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$50.1M
Top Destination Growth (2022 -  2023)Malaysia$120M

Between 2022 and 2023, the exports of Scrap Vessels grew the fastest in Japan ($50.1M), Denmark ($30.3M), Thailand ($28.3M), Nigeria ($22.2M), and Poland ($21.1M).

Between 2022 and 2023, the fastest growing importers of Scrap Vessels were Malaysia ($120M), Indonesia ($42.5M), Gabon ($13.4M), United Kingdom ($10.7M), and Equatorial Guinea ($8.86M).

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Exporters of Scrap Vessels (2022 - 2023)

Importers of Scrap Vessels (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Scrap Vessels.

In 2023, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Scrap Vessels are explained by 15 countries.

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Value of Exports in Scrap Vessels

Net Trade

TOP NET EXPORTER (2023)Japan$230M
TOP NET IMPORTER (2023)India$543M

This map shows which countries export or import more of Scrap Vessels. Each country is colored based on the difference in exports and imports of Scrap Vessels during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Scrap Vessels were Japan ($230M), Thailand ($205M), Bahamas ($92M), Nigeria ($76.4M), and South Korea ($74.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Scrap Vessels were India ($543M), Malaysia ($115M), Turkey ($111M), Indonesia ($106M), and Pakistan ($79.5M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Scrap Vessels.
It is possible to select the main countries that export or import Scrap Vessels in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Scrap Vessels by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPakistan+ $1.78M
TOP IMPORT POTENTIALJapan+ $197k

Scrap Vessels’s highest export potential is Pakistan. With an export gap of $1.78M.  Scrap Vessels’s highest import potential is Japan with an import gap of $197k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Country by Relatedness

The following visualization shows the relatedness of Scrap Vessels to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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