Merchant Fleet Share by Country (2026)

Merchant fleet share by country measures the share of the world fleet, as a percentage of total world dead weight tonnage, held by merchant ships registered under each country's flag. It shows how much of the global fleet capacity each registry accounts for rather than the cargo it carries. The statistics are based on the UNCTADstat database. The dataset covers 196 countries and territories, and 195 of them report figures for 2026. The countries and territories with reported data account for about 99 percent of the world merchant fleet.

Merchant Fleet Share by Country (2026) Map

Countries With the Largest Merchant Fleet Share in 2026

Liberia recorded the largest share of the world merchant fleet in 2026 at 17.66 percent. Panama followed with 13.83 percent, ahead of the Marshall Islands (12.56) and Singapore (7.36). Hong Kong (6.96), China (5.62), Malta (4.51), the Bahamas (2.82), Greece (2.04), and Japan (1.86) complete the top ten.

Merchant Fleet Share by Country (2026)

#
Country
Latest Data (%)
Year
1
Liberia
Liberia LR
17.66% 2026
2
Panama
Panama PA
13.83% 2026
3
Marshall Islands
Marshall Islands MH
12.56% 2026
4
Singapore
Singapore SG
7.36% 2026
5
Hong Kong
Hong Kong HK
6.96% 2026
6
China
China CN
5.62% 2026
7
Malta
Malta MT
4.51% 2026
8
Bahamas
Bahamas BS
2.82% 2026
9
Greece
Greece GR
2.04% 2026
10
Japan
Japan JP
1.86% 2026
11
Portugal
Portugal PT
1.55% 2026
12
Indonesia
Indonesia ID
1.44% 2026
13
Cyprus
Cyprus CY
1.39% 2026
14
Denmark
Denmark DK
1% 2026
15
South Korea
South Korea KR
0.94% 2026
16
Norway
Norway NO
0.82% 2026
17
Iran
Iran IR
0.8% 2026
18
Isle of Man
Isle of Man IM
0.79% 2026
19
Russia
Russia RU
0.78% 2026
20
Saudi Arabia
Saudi Arabia SA
0.77% 2026
21
India
India IN
0.75% 2026
22
Barbados
Barbados BB
0.57% 2026
23
Cameroon
Cameroon CM
0.57% 2026
24
Sierra Leone
Sierra Leone SL
0.53% 2026
25
United States
United States US
0.53% 2026
26
Belgium
Belgium BE
0.49% 2026
27
France
France FR
0.43% 2026
28
United Kingdom
United Kingdom GB
0.39% 2026
29
Vietnam
Vietnam VN
0.39% 2026
30
Malaysia
Malaysia MY
0.37% 2026
31
Antigua and Barbuda
Antigua and Barbuda AG
0.35% 2026
32
Comoros
Comoros KM
0.34% 2026
33
Germany
Germany DE
0.34% 2026
34
Bermuda
Bermuda BM
0.29% 2026
35
Curaçao
Curaçao CW
0.29% 2026
36
Gambia
Gambia GM
0.29% 2026
37
Nigeria
Nigeria NG
0.29% 2026
38
Italy
Italy IT
0.28% 2026
39
Palau
Palau PW
0.28% 2026
40
Türkiye
Türkiye TR
0.27% 2026
41
Brazil
Brazil BR
0.26% 2026
42
Netherlands
Netherlands NL
0.26% 2026
43
Bangladesh
Bangladesh BD
0.24% 2026
44
Philippines
Philippines PH
0.24% 2026
45
Taiwan
Taiwan TW
0.23% 2026
46
Guyana
Guyana GY
0.22% 2026
47
Saint Kitts and Nevis
Saint Kitts and Nevis KN
0.22% 2026
48
Cayman Islands
Cayman Islands KY
0.21% 2026
49
Kuwait
Kuwait KW
0.19% 2026
50
Thailand
Thailand TH
0.19% 2026
51
Oman
Oman OM
0.17% 2026
52
Guinea
Guinea GN
0.16% 2026
53
Belize
Belize BZ
0.13% 2026
54
Canada
Canada CA
0.13% 2026
55
Benin
Benin BJ
0.1% 2026
56
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines VC
0.1% 2026
57
Sao Tome and Principe
Sao Tome and Principe ST
0.1% 2026
58
Tanzania
Tanzania TZ
0.1% 2026
59
Australia
Australia AU
0.09% 2026
60
Djibouti
Djibouti DJ
0.09% 2026
61
Mexico
Mexico MX
0.09% 2026
62
San Marino
San Marino SM
0.09% 2026
63
Aruba
Aruba AW
0.08% 2026
64
Mozambique
Mozambique MZ
0.08% 2026
65
Tuvalu
Tuvalu TV
0.08% 2026
66
Cook Islands
Cook Islands CK
0.07% 2026
67
Egypt
Egypt EG
0.07% 2026
68
Sweden
Sweden SE
0.07% 2026
69
Vanuatu
Vanuatu VU
0.07% 2026
70
Guinea-Bissau
Guinea-Bissau GW
0.06% 2026
71
Luxembourg
Luxembourg LU
0.06% 2026
72
Venezuela
Venezuela VE
0.06% 2026
73
Azerbaijan
Azerbaijan AZ
0.05% 2026
74
Croatia
Croatia HR
0.05% 2026
75
North Korea
North Korea KP
0.05% 2026
76
Spain
Spain ES
0.05% 2026
77
Togo
Togo TG
0.05% 2026
78
Botswana
Botswana BW
0.04% 2026
79
Chile
Chile CL
0.04% 2026
80
Finland
Finland FI
0.04% 2026
81
Gabon
Gabon GA
0.04% 2026
82
Libya
Libya LY
0.04% 2026
83
Mongolia
Mongolia MN
0.04% 2026
84
United Arab Emirates
United Arab Emirates AE
0.04% 2026
85
Algeria
Algeria DZ
0.03% 2026
86
Angola
Angola AO
0.03% 2026
87
Argentina
Argentina AR
0.03% 2026
88
Gibraltar
Gibraltar GI
0.03% 2026
89
Honduras
Honduras HN
0.03% 2026
90
Pakistan
Pakistan PK
0.03% 2026
91
Qatar
Qatar QA
0.03% 2026
92
Switzerland
Switzerland CH
0.03% 2026
93
Tonga
Tonga TO
0.03% 2026
94
Cuba
Cuba CU
0.02% 2026
95
Ireland
Ireland IE
0.02% 2026
96
Ivory Coast
Ivory Coast CI
0.02% 2026
97
Madagascar
Madagascar MG
0.02% 2026
98
Maldives
Maldives MV
0.02% 2026
99
Peru
Peru PE
0.02% 2026
100
South Africa
South Africa ZA
0.02% 2026
101
Yemen
Yemen YE
0.02% 2026
102
Bahrain
Bahrain BH
0.01% 2026
103
Bolivia
Bolivia BO
0.01% 2026
104
Brunei
Brunei BN
0.01% 2026
105
Cambodia
Cambodia KH
0.01% 2026
106
Dominica
Dominica DM
0.01% 2026
107
Ecuador
Ecuador EC
0.01% 2026
108
Equatorial Guinea
Equatorial Guinea GQ
0.01% 2026
109
Eswatini
Eswatini SZ
0.01% 2026
110
Ethiopia
Ethiopia ET
0.01% 2026
111
Faroe Islands
Faroe Islands FO
0.01% 2026
112
Iraq
Iraq IQ
0.01% 2026
113
Jamaica
Jamaica JM
0.01% 2026
114
Kazakhstan
Kazakhstan KZ
0.01% 2026
115
Kiribati
Kiribati KI
0.01% 2026
116
Latvia
Latvia LV
0.01% 2026
117
Lebanon
Lebanon LB
0.01% 2026
118
Lithuania
Lithuania LT
0.01% 2026
119
Morocco
Morocco MA
0.01% 2026
120
Myanmar
Myanmar MM
0.01% 2026
121
Nicaragua
Nicaragua NI
0.01% 2026
122
Niue
Niue NU
0.01% 2026
123
Papua New Guinea
Papua New Guinea PG
0.01% 2026
124
Seychelles
Seychelles SC
0.01% 2026
125
Sri Lanka
Sri Lanka LK
0.01% 2026
126
Tunisia
Tunisia TN
0.01% 2026
127
Turkmenistan
Turkmenistan TM
0.01% 2026
128
Ukraine
Ukraine UA
0.01% 2026
129
Albania
Albania AL
0% 2026
130
Austria
Austria AT
0% 2026
131
Belarus
Belarus BY
0% 2026
132
Bosnia and Herzegovina
Bosnia and Herzegovina BA
0% 2026
133
British Virgin Islands
British Virgin Islands VG
0% 2026
134
Bulgaria
Bulgaria BG
0% 2026
135
Cape Verde
Cape Verde CV
0% 2026
136
Colombia
Colombia CO
0% 2026
137
Congo
Congo CG
0% 2026
138
Costa Rica
Costa Rica CR
0% 2026
139
Czech Republic
Czech Republic CZ
0% 2026
140
Dominican Republic
Dominican Republic DO
0% 2026
141
DR Congo
DR Congo CD
0% 2026
142
El Salvador
El Salvador SV
0% 2026
143
Eritrea
Eritrea ER
0% 2026
144
Estonia
Estonia EE
0% 2026
145
Falkland Islands
Falkland Islands FK
0% 2026
146
Fiji
Fiji FJ
0% 2026
147
French Polynesia
French Polynesia PF
0% 2026
148
Georgia
Georgia GE
0% 2026
149
Ghana
Ghana GH
0% 2026
150
Greenland
Greenland GL
0% 2026
151
Grenada
Grenada GD
0% 2026
152
Guam
Guam GU
0% 2026
153
Guatemala
Guatemala GT
0% 2026
154
Haiti
Haiti HT
0% 2026
155
Hungary
Hungary HU
0% 2022
156
Iceland
Iceland IS
0% 2026
157
Israel
Israel IL
0% 2026
158
Jordan
Jordan JO
0% 2026
159
Kenya
Kenya KE
0% 2026
160
Laos
Laos LA
0% 2026
161
Lesotho
Lesotho LS
0% 2026
162
Macau
Macau MO
0% 2026
163
Mauritania
Mauritania MR
0% 2026
164
Mauritius
Mauritius MU
0% 2026
165
Micronesia
Micronesia FM
0% 2026
166
Moldova
Moldova MD
0% 2026
167
Monaco
Monaco MC
0% 2026
168
Montenegro
Montenegro ME
0% 2026
169
Namibia
Namibia NA
0% 2026
170
Nauru
Nauru NR
0% 2026
171
New Caledonia
New Caledonia NC
0% 2026
172
New Zealand
New Zealand NZ
0% 2026
173
Niger
Niger NE
0% 2026
174
North Macedonia
North Macedonia MK
0% 2026
175
Northern Mariana Islands
Northern Mariana Islands MP
0% 2026
176
Paraguay
Paraguay PY
0% 2026
177
Poland
Poland PL
0% 2026
178
Puerto Rico
Puerto Rico PR
0% 2026
179
Réunion
Réunion RE
0% 2026
180
Romania
Romania RO
0% 2026
181
Samoa
Samoa WS
0% 2026
182
Senegal
Senegal SN
0% 2026
183
Slovakia
Slovakia SK
0% 2026
184
Slovenia
Slovenia SI
0% 2026
185
Solomon Islands
Solomon Islands SB
0% 2026
186
Somalia
Somalia SO
0% 2026
187
Sudan
Sudan SD
0% 2026
188
Suriname
Suriname SR
0% 2026
189
Syria
Syria SY
0% 2026
190
Timor-Leste
Timor-Leste TL
0% 2026
191
Trinidad and Tobago
Trinidad and Tobago TT
0% 2026
192
Turks and Caicos Islands
Turks and Caicos Islands TC
0% 2026
193
Uruguay
Uruguay UY
0% 2026
194
US Virgin Islands
US Virgin Islands VI
0% 2026
195
Wallis and Futuna
Wallis and Futuna WF
0% 2026
196
Zambia
Zambia ZM
0% 2026

Merchant fleet share is concentrated in a handful of open-registry economies. The top five countries together account for about 58 percent of the world fleet, and the top ten for about 75 percent. Among the 195 countries and territories with 2026 data, 14 record a share of 1 percent or more.

Merchant Fleet Share Around the World

In Asia, Singapore (7.36 percent) and Hong Kong (6.96) hold the largest shares, followed by China (5.62) and Japan (1.86). South Korea (0.94), the Philippines (0.24), and Vietnam (0.39) are smaller, while Indonesia (1.44) is the largest national fleet share in South-east Asia after Singapore.

In Europe, Malta (4.51) holds the largest share, ahead of Greece (2.04), Portugal (1.55), and Cyprus (1.39). Denmark (1.00) is just above the 1 percent mark, while Norway (0.82), France (0.43), the United Kingdom (0.39), Germany (0.34), Italy (0.28), and the Netherlands (0.26) are smaller.

In the Americas, the Bahamas (2.82) leads, followed by the United States (0.53) and Brazil (0.26). In Africa, Liberia (17.66) dominates the global ranking, with Nigeria (0.29) the largest national share outside open registries. In the Middle East, Iran (0.80) and Saudi Arabia (0.77) are the largest.

In Oceania, Australia accounts for 0.09 percent of the world fleet and New Zealand for close to nothing, while the Cayman Islands (0.21) and Barbados (0.57) rely on open-registry business in the Caribbean.

Largest Changes in Merchant Fleet Share, 2021–2026

Liberia recorded the largest increase in fleet share between 2021 and 2026, rising from 14.02 to 17.66 percent. Singapore also gained, from 6.37 to 7.36 percent, and Portugal from 1.07 to 1.55. China edged up from 5.19 to 5.62 percent.

Hong Kong recorded the largest decline, from 9.59 to 6.96 percent, followed by Panama, down from 16.11 to 13.83 percent. Greece fell from 3.01 to 2.04 percent and Malta from 5.42 to 4.51 percent.

Merchant Fleet Share by Country (2026)

#
Country
2021 (%)
2022 (%)
2023 (%)
2024 (%)
2025 (%)
2026 (%)
1
Panama
Panama
16.11% 15.9% 16.06% 16.1% 15.21% 13.83%
2
Liberia
Liberia
14.02% 15.22% 16.58% 17.27% 17.33% 17.66%
3
Marshall Islands
Marshall Islands
12.82% 13.16% 13.13% 13.05% 12.5% 12.56%
4
Hong Kong
Hong Kong
9.59% 9.43% 8.77% 8.47% 8.3% 6.96%
5
Singapore
Singapore
6.37% 5.97% 5.9% 5.96% 6.24% 7.36%
6
Malta
Malta
5.42% 5.2% 4.78% 4.34% 4.63% 4.51%
7
China
China
5.19% 5.46% 5.83% 6.06% 5.72% 5.62%
8
Bahamas
Bahamas
3.47% 3.31% 3.15% 3.06% 2.88% 2.82%
9
Greece
Greece
3.01% 2.79% 2.57% 2.37% 2.19% 2.04%
10
Japan
Japan
1.83% 1.81% 1.82% 1.8% 1.79% 1.86%
11
Cyprus
Cyprus
1.59% 1.52% 1.39% 1.3% 1.4% 1.39%
12
Indonesia
Indonesia
1.36% 1.33% 1.32% 1.39% 1.42% 1.44%
13
Denmark
Denmark
1.16% 1.18% 1.11% 1.06% 1.05% 1%
14
Norway
Norway
1.12% 1.06% 1.03% 0.94% 0.87% 0.82%
15
Portugal
Portugal
1.07% 1.18% 1.18% 1.25% 1.47% 1.55%
16
Isle of Man
Isle of Man
1.03% 0.93% 0.88% 0.82% 0.82% 0.79%
17
Iran
Iran
0.97% 0.93% 0.92% 0.89% 0.86% 0.8%
18
India
India
0.8% 0.77% 0.8% 0.78% 0.73% 0.75%
19
South Korea
South Korea
0.74% 0.71% 0.83% 0.9% 0.88% 0.94%
20
Saudi Arabia
Saudi Arabia
0.64% 0.63% 0.59% 0.61% 0.73% 0.77%
21
United States
United States
0.58% 0.57% 0.56% 0.56% 0.54% 0.53%
22
United Kingdom
United Kingdom
0.55% 0.5% 0.46% 0.44% 0.41% 0.39%
23
Italy
Italy
0.53% 0.45% 0.4% 0.33% 0.3% 0.28%
24
Russia
Russia
0.51% 0.49% 0.49% 0.5% 0.6% 0.78%
25
Malaysia
Malaysia
0.48% 0.42% 0.41% 0.4% 0.4% 0.37%
26
Vietnam
Vietnam
0.48% 0.56% 0.54% 0.56% 0.47% 0.39%
27
Belgium
Belgium
0.45% 0.44% 0.4% 0.34% 0.28% 0.49%
28
Bermuda
Bermuda
0.38% 0.36% 0.31% 0.28% 0.28% 0.29%
29
France
France
0.37% 0.36% 0.36% 0.41% 0.41% 0.43%
30
Germany
Germany
0.37% 0.32% 0.32% 0.34% 0.36% 0.34%
31
Taiwan
Taiwan
0.33% 0.3% 0.28% 0.25% 0.24% 0.23%
32
Cayman Islands
Cayman Islands
0.32% 0.29% 0.28% 0.26% 0.23% 0.21%
33
Netherlands
Netherlands
0.32% 0.3% 0.29% 0.28% 0.28% 0.26%
34
Philippines
Philippines
0.31% 0.29% 0.27% 0.26% 0.23% 0.24%
35
Antigua and Barbuda
Antigua and Barbuda
0.3% 0.28% 0.28% 0.28% 0.38% 0.35%
36
Türkiye
Türkiye
0.29% 0.28% 0.29% 0.3% 0.28% 0.27%
37
Thailand
Thailand
0.28% 0.24% 0.2% 0.19% 0.19% 0.19%
38
Brazil
Brazil
0.24% 0.24% 0.24% 0.24% 0.24% 0.26%
39
Nigeria
Nigeria
0.23% 0.23% 0.26% 0.28% 0.29% 0.29%
40
Belize
Belize
0.21% 0.17% 0.16% 0.18% 0.17% 0.13%
41
Kuwait
Kuwait
0.21% 0.22% 0.21% 0.2% 0.19% 0.19%
42
Bangladesh
Bangladesh
0.17% 0.2% 0.22% 0.23% 0.25% 0.24%
43
Canada
Canada
0.15% 0.15% 0.15% 0.14% 0.14% 0.13%
44
Cook Islands
Cook Islands
0.14% 0.08% 0.08% 0.21% 0.19% 0.07%
45
Cameroon
Cameroon
0.13% 0.23% 0.32% 0.34% 0.24% 0.57%
46
Sierra Leone
Sierra Leone
0.13% 0.13% 0.11% 0.11% 0.23% 0.53%
47
Australia
Australia
0.12% 0.12% 0.11% 0.11% 0.1% 0.09%
48
Barbados
Barbados
0.12% 0.15% 0.2% 0.26% 0.77% 0.57%
49
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines
0.12% 0.12% 0.12% 0.11% 0.11% 0.1%
50
Mexico
Mexico
0.1% 0.1% 0.11% 0.11% 0.09% 0.09%
51
Palau
Palau
0.1% 0.15% 0.23% 0.33% 0.32% 0.28%
52
Togo
Togo
0.1% 0.12% 0.1% 0.06% 0.05% 0.05%
53
Djibouti
Djibouti
0.09% 0.14% 0.1% 0.12% 0.14% 0.09%
54
Gibraltar
Gibraltar
0.09% 0.06% 0.05% 0.04% 0.03% 0.03%
55
Spain
Spain
0.09% 0.09% 0.08% 0.07% 0.07% 0.05%
56
Tuvalu
Tuvalu
0.09% 0.1% 0.08% 0.07% 0.07% 0.08%
57
Vanuatu
Vanuatu
0.09% 0.08% 0.06% 0.06% 0.05% 0.07%
58
Croatia
Croatia
0.08% 0.07% 0.07% 0.05% 0.05% 0.05%
59
Egypt
Egypt
0.08% 0.08% 0.08% 0.08% 0.08% 0.07%
60
Libya
Libya
0.08% 0.07% 0.07% 0.04% 0.04% 0.04%
61
Saint Kitts and Nevis
Saint Kitts and Nevis
0.08% 0.06% 0.17% 0.12% 0.21% 0.22%
62
Tanzania
Tanzania
0.08% 0.09% 0.09% 0.11% 0.11% 0.1%
63
Comoros
Comoros
0.07% 0.07% 0.08% 0.09% 0.19% 0.34%
64
Curaçao
Curaçao
0.07% 0.06% 0.05% 0.05% 0.18% 0.29%
65
Venezuela
Venezuela
0.07% 0.06% 0.06% 0.05% 0.05% 0.06%
66
Eswatini
Eswatini
- - - - 0.06% 0.01%
67
Luxembourg
Luxembourg
0.06% 0.06% 0.06% 0.06% 0.07% 0.06%
68
Chile
Chile
0.05% 0.04% 0.04% 0.04% 0.04% 0.04%
69
Finland
Finland
0.05% 0.06% 0.05% 0.05% 0.04% 0.04%
70
Gabon
Gabon
0.05% 0.07% 0.09% 0.26% 0.21% 0.04%
71
North Korea
North Korea
0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
72
Qatar
Qatar
0.05% 0.03% 0.03% 0.03% 0.02% 0.03%
73
Sweden
Sweden
0.05% 0.06% 0.05% 0.04% 0.05% 0.07%
74
Argentina
Argentina
0.04% 0.04% 0.04% 0.04% 0.04% 0.03%
75
Botswana
Botswana
- - - - - 0.04%
76
Honduras
Honduras
0.04% 0.03% 0.03% 0.05% 0.11% 0.03%
77
Mongolia
Mongolia
0.04% 0.03% 0.04% 0.04% 0.04% 0.04%
78
Pakistan
Pakistan
0.04% 0.04% 0.05% 0.05% 0.04% 0.03%
79
Switzerland
Switzerland
0.04% 0.04% 0.04% 0.04% 0.03% 0.03%
80
United Arab Emirates
United Arab Emirates
0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
81
Algeria
Algeria
0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
82
Azerbaijan
Azerbaijan
0.03% 0.03% 0.03% 0.05% 0.05% 0.05%
83
Dominica
Dominica
0.03% 0.03% 0.01% 0.01% 0.01% 0.01%
84
Moldova
Moldova
0.03% 0.02% 0.01% 0% 0% 0%
85
Samoa
Samoa
0.03% 0.05% 0% 0% 0% 0%
86
Sao Tome and Principe
Sao Tome and Principe
0.03% 0.03% 0.06% 0.05% 0.08% 0.1%
87
Brunei
Brunei
0.02% 0.02% 0.02% 0.02% 0.02% 0.01%
88
Cambodia
Cambodia
0.02% 0.02% 0.01% 0.01% 0.01% 0.01%
89
Cuba
Cuba
0.02% 0.03% 0.03% 0.02% 0.02% 0.02%
90
Ethiopia
Ethiopia
0.02% 0.01% 0.01% 0.01% 0.01% 0.01%
91
Faroe Islands
Faroe Islands
0.02% 0.02% 0.01% 0.01% 0.01% 0.01%
92
Ireland
Ireland
0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
93
Israel
Israel
0.02% 0.02% 0.01% 0% 0% 0%
94
Peru
Peru
0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
95
South Africa
South Africa
0.02% 0.03% 0.02% 0.02% 0.03% 0.02%
96
Ukraine
Ukraine
0.02% 0.02% 0.01% 0.01% 0.01% 0.01%
97
Yemen
Yemen
0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
98
Angola
Angola
0.01% 0.01% 0.01% 0.01% 0.01% 0.03%
99
Bahrain
Bahrain
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
100
Bolivia
Bolivia
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
101
Bulgaria
Bulgaria
0.01% 0.01% 0.01% 0% 0% 0%
102
Colombia
Colombia
0.01% 0% 0.01% 0.01% 0% 0%
103
Ecuador
Ecuador
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
104
Iraq
Iraq
0.01% 0.01% 0% 0.01% 0.01% 0.01%
105
Jamaica
Jamaica
0.01% 0% 0% 0% 0% 0.01%
106
Kazakhstan
Kazakhstan
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
107
Kiribati
Kiribati
0.01% 0.01% 0.01% 0.01% 0% 0.01%
108
Latvia
Latvia
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
109
Lebanon
Lebanon
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
110
Lithuania
Lithuania
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
111
Mauritius
Mauritius
0.01% 0.01% 0% 0% 0% 0%
112
Montenegro
Montenegro
0.01% 0.01% 0.01% 0.01% 0.01% 0%
113
Morocco
Morocco
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
114
Myanmar
Myanmar
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
115
New Zealand
New Zealand
0.01% 0.01% 0.01% 0.01% 0% 0%
116
Niue
Niue
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
117
Papua New Guinea
Papua New Guinea
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
118
Paraguay
Paraguay
0.01% 0% 0% 0% 0% 0%
119
Poland
Poland
0.01% 0.01% 0% 0% 0% 0%
120
Seychelles
Seychelles
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
121
Sri Lanka
Sri Lanka
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
122
Tunisia
Tunisia
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
123
Turkmenistan
Turkmenistan
0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
124
Albania
Albania
0% 0% 0% 0% 0% 0%
125
Aruba
Aruba
0% 0% 0% 0% 0% 0.08%
126
Austria
Austria
0% 0% 0% 0% 0% 0%
127
Belarus
Belarus
0% 0% 0% 0% 0% 0%
128
Benin
Benin
0% 0% 0% 0% 0% 0.1%
129
Bosnia and Herzegovina
Bosnia and Herzegovina
- - - 0% 0% 0%
130
British Virgin Islands
British Virgin Islands
0% 0% 0% 0% 0% 0%
131
Cape Verde
Cape Verde
0% 0% 0% 0% 0% 0%
132
Congo
Congo
0% 0% 0% 0% 0% 0%
133
Costa Rica
Costa Rica
0% 0% 0% 0% 0% 0%
134
Czech Republic
Czech Republic
- - - 0% 0% 0%
135
Dominican Republic
Dominican Republic
0% 0% 0% 0% 0% 0%
136
DR Congo
DR Congo
0% 0% 0% 0% 0% 0%
137
El Salvador
El Salvador
0% 0% 0% 0% 0% 0%
138
Equatorial Guinea
Equatorial Guinea
0% 0% 0% 0% 0% 0.01%
139
Eritrea
Eritrea
0% 0% 0% 0% 0% 0%
140
Estonia
Estonia
0% 0% 0% 0% 0% 0%
141
Falkland Islands
Falkland Islands
0% 0% 0% 0% 0% 0%
142
Fiji
Fiji
0% 0% 0% 0% 0% 0%
143
French Polynesia
French Polynesia
0% 0% 0% 0% 0% 0%
144
Gambia
Gambia
0% 0% 0% 0% 0.06% 0.29%
145
Georgia
Georgia
0% 0% 0% 0% 0% 0%
146
Ghana
Ghana
0% 0% 0% 0% 0% 0%
147
Greenland
Greenland
0% 0% 0% 0% 0% 0%
148
Grenada
Grenada
0% 0% 0% 0% 0% 0%
149
Guam
Guam
0% 0% 0% 0% 0% 0%
150
Guatemala
Guatemala
0% 0% 0% 0% 0% 0%
151
Guinea
Guinea
0% 0% 0% 0% 0.08% 0.16%
152
Guinea-Bissau
Guinea-Bissau
0% 0% 0% 0.01% 0.06% 0.06%
153
Guyana
Guyana
0% 0.04% 0.01% 0.03% 0.25% 0.22%
154
Haiti
Haiti
0% 0% 0% 0% 0% 0%
155
Hungary
Hungary
0% 0% - - - -
156
Iceland
Iceland
0% 0% 0% 0% 0% 0%
157
Ivory Coast
Ivory Coast
0% 0% 0% 0.01% 0.01% 0.02%
158
Jordan
Jordan
0% 0% 0% 0% 0% 0%
159
Kenya
Kenya
0% 0% 0% 0% 0% 0%
160
Laos
Laos
0% 0% 0% 0% 0% 0%
161
Lesotho
Lesotho
- - 0% 0% 0% 0%
162
Macau
Macau
0% 0% 0% 0% 0% 0%
163
Madagascar
Madagascar
0% 0% 0% 0% 0% 0.02%
164
Maldives
Maldives
0% 0% 0.01% 0.01% 0.01% 0.02%
165
Mauritania
Mauritania
0% 0% 0% 0% 0% 0%
166
Micronesia
Micronesia
0% 0% 0% 0% 0% 0%
167
Monaco
Monaco
0% 0% 0% 0% 0% 0%
168
Mozambique
Mozambique
0% 0% 0% 0% 0% 0.08%
169
Namibia
Namibia
0% 0% 0% 0% 0% 0%
170
Nauru
Nauru
0% 0% 0% 0% 0% 0%
171
New Caledonia
New Caledonia
0% 0% 0% 0% 0% 0%
172
Nicaragua
Nicaragua
0% 0% 0% 0% 0% 0.01%
173
Niger
Niger
0% 0% 0% 0% 0% 0%
174
North Macedonia
North Macedonia
- - - 0% 0% 0%
175
Northern Mariana Islands
Northern Mariana Islands
- - 0% 0% 0% 0%
176
Oman
Oman
0% 0% 0% 0% 0% 0.17%
177
Puerto Rico
Puerto Rico
0% 0% 0% 0% 0% 0%
178
Réunion
Réunion
0% 0% 0% 0% 0% 0%
179
Romania
Romania
0% 0% 0% 0% 0% 0%
180
San Marino
San Marino
- 0% 0% 0.01% 0.09% 0.09%
181
Senegal
Senegal
0% 0% 0% 0% 0% 0%
182
Slovakia
Slovakia
- - - 0% 0% 0%
183
Slovenia
Slovenia
0% 0% 0% 0% 0% 0%
184
Solomon Islands
Solomon Islands
0% 0% 0% 0% 0% 0%
185
Somalia
Somalia
0% 0% 0% 0% 0% 0%
186
Sudan
Sudan
0% 0% 0% 0% 0% 0%
187
Suriname
Suriname
0% 0% 0% 0% 0% 0%
188
Syria
Syria
0% 0% 0.01% 0.01% 0% 0%
189
Timor-Leste
Timor-Leste
0% 0% 0% 0% 0% 0%
190
Tonga
Tonga
0% 0% 0% 0% 0% 0.03%
191
Trinidad and Tobago
Trinidad and Tobago
0% 0% 0% 0% 0% 0%
192
Turks and Caicos Islands
Turks and Caicos Islands
0% 0% 0% 0% 0% 0%
193
Uruguay
Uruguay
0% 0% 0% 0% 0% 0%
194
US Virgin Islands
US Virgin Islands
0% 0% 0% 0% 0% 0%
195
Wallis and Futuna
Wallis and Futuna
0% 0% 0% 0% 0% 0%
196
Zambia
Zambia
0% 0% 0% 0% 0% 0%

Methodology

The statistics are based on the UNCTADstat database, indicator Percentage of total world, which measures each country's merchant fleet share as a percentage of world dead weight tonnage. Values refer to the beginning of each year. The main comparison uses 2026 data where available, and the latest available year for countries without a 2026 observation. In the table, a zero reflects a nil or negligible fleet, while an empty cell means that no value was reported; the two are never mixed up in the calculations.

Frequently Asked Questions

Which country has the largest share of the world merchant fleet?

Liberia recorded the largest share in 2026 at 17.66 percent, followed by Panama (13.83) and the Marshall Islands (12.56).

How many countries are included in the dataset?

The dataset covers 196 countries and territories, and 195 of them report figures for 2026.

What does this indicator measure?

It measures the share of the world fleet, as a percentage of total world dead weight tonnage (indicator Percentage of total world), held by merchant ships registered under each country's flag.

Which country has the smallest merchant fleet share?

Several countries recorded a nil share of 0 percent in 2026, and among countries with a positive share, the smallest values were 0.01 percent, recorded by Bahrain, Brunei, Cambodia, and Dominica.

Why is the latest year 2026?

The percentage of total world indicator in UNCTAD data reports values as of the beginning of each year, and 2026 is the latest available reference point in the source data.

Data Disclaimer: Projected data (future years) are estimates based on mathematical models. Actual values may differ. Learn about our methodology →

Sources

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