Tug Boats in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $444M in Tug Boats, making it the 1st largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 602nd most exported product in China. The main destination of Tug Boats exports from China are: United Arab Emirates ($61.5M), Indonesia ($54.6M), Singapore ($32.4M), Bahrain ($31.6M), and Thailand ($29M).

The fastest growing export markets for Tug Boats of China between 2021 and 2022 were United Arab Emirates ($60.4M), Indonesia ($52.6M), and Bahrain ($31.6M).

Imports In 2022, China imported $66M in Tug Boats, becoming the 8th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 727th most imported product in China. China imports Tug Boats primarily from: China ($26.2M), Norway ($13.1M), Singapore ($11.8M), Hong Kong ($5.87M), and South Korea ($2.56M).

The fastest growing import markets in Tug Boats for China between 2021 and 2022 were Norway ($13.1M), South Korea ($2.56M), and Hong Kong ($2.52M).

COMPANIES In 2023, leading companies such as GLOBAL ETRADE SERVICES INC (15), READERLINK MARKETING SERVICES (7), and JO-ANN STORES, LLC (6) were at the forefront of shipping Tug Boats from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Tug Boats exports accounted up to $81.2M and imports accounted up to $2.04M, resulting in a positive trade balance of $79.2M. Between March 2023 and March 2024 the exports of China's Tug Boats have increased by $69.2M (574%) from $12M to $81.2M, while imports decreased by $-238k (-10.4%) from $2.28M to $2.04M.

Destinations In March 2024, Tug Boats were exported mostly to Netherlands ($22.7M), Russia ($17.8M), Malaysia ($14.4M), United Arab Emirates ($6.33M), and Brunei ($5.12M), and were imported mostly from .

Growth In March 2024, the increase in Tug Boats's year-by-year exports was explained primarily by an increase in exports to . In October 2023, the decrease in Tug Boats's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$69.2M(574%)

IMPORT GROWTH (January 2022 - October 2023)$-238k(-10.4%)

MAIN EXPORTER (March 2024)Fujian Province$48.3M

MAIN DESTINATION (March 2024)Netherlands$22.7M

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$444M

IMPORTS (2022)$66M

NET TRADE (2022)$378M

In 2022, China exported $444M in Tug Boats. The main destinations of China exports on Tug Boats were United Arab Emirates ($61.5M), Indonesia ($54.6M), Singapore ($32.4M), Bahrain ($31.6M), and Thailand ($29M).

In 2022, China imported $66M in Tug Boats, mainly from China ($26.2M), Norway ($13.1M), Singapore ($11.8M), Hong Kong ($5.87M), and South Korea ($2.56M).

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