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890120 (Harmonized System 1992 for 6-digit)

2022
World Trade $22.4BRnk 146 / 4648
2022
Top Exporter | Top Importer $9.57B | $3.59BSouth Korea | Liberia
2022
Product Complexity -1.11Rnk 3937 / 4653
2021 - 2022
Export Growth (CAGR) -9.11%Rnk 3899 / 4648
2022
Share of World Trade 0.094%Rnk 146 / 4648

About

Overview This page contains the latest trade data of Tankers. In 2022, Tankers were the world's 146th most traded product, with a total trade of $22.4B. Between 2021 and 2022 the exports of Tankers decreased by -9.11%, from $24.6B to $22.4B. Trade in Tankers represent 0.094% of total world trade.

Tankers are a part of Passenger and Cargo Ships.

Exports In 2022 the top exporters of Tankers  were South Korea ($9.57B), China ($5.4B), Japan ($2.78B), Cyprus ($629M), and India ($584M).

Imports In 2022 the top importers of Tankers were Liberia ($3.59B), Marshall Islands ($3.44B), Singapore ($3.19B), Hong Kong ($1.8B), and Panama ($1.75B).

Ranking Tankers ranks 3937th 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 Tankers. 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 (2022)South Korea$9.57B
Top Destination (2022)Liberia$3.59B

In 2022 Tankers were the world's 146th most traded product (out of 4,648).

In 2022, the top exporters of Tankers were South Korea ($9.57B), China ($5.4B), Japan ($2.78B), Cyprus ($629M), and India ($584M).

In 2022, the top importers of Tankers were Liberia ($3.59B), Marshall Islands ($3.44B), Singapore ($3.19B), Hong Kong ($1.8B), and Panama ($1.75B).

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Exporters of Tankers (2022)
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Importers of Tankers (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Cyprus$524M
Top Destination Growth (2021 -  2022)Singapore$1.16B

Between 2021 and 2022, the exports of Tankers grew the fastest in Cyprus ($524M), India ($402M), China ($246M), Germany ($209M), and Denmark ($178M).

Between 2021 and 2022, the fastest growing importers of Tankers were Singapore ($1.16B), Hong Kong ($1.08B), Liberia ($971M), Saudi Arabia ($297M), and United Arab Emirates ($257M).

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Exporters of Tankers (2021 - 2022)

Importers of Tankers (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tankers.

In 2022, market concentration measured using Shannon Entropy, was 2.76. This means that most of the exports of Tankers are explained by 6 countries.

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Value of Exports in Tankers

Net Trade

TOP NET EXPORTER (2022)South Korea$9.07B
TOP NET IMPORTER (2022)Liberia$3.52B

This map shows which countries export or import more of Tankers. Each country is colored based on the difference in exports and imports of Tankers during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tankers were South Korea ($9.07B), China ($5.22B), Japan ($2.78B), India ($209M), and Cyprus ($144M).

In 2022, the countries that had a largest trade value in imports than in exports of Tankers were Liberia ($3.52B), Marshall Islands ($3.09B), Singapore ($2.87B), Hong Kong ($1.78B), and Panama ($1.57B).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Tankers by percentage of total exports

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 (2022)

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