List of merchant navy capacity by country

List of merchant navy capacity by flag is a list of the world foremost fleets of registered trading vessels ranked in both gross tonnage (GT) and deadweight tonnage (DWT) sorted by flag state.

The table is based on the annual maritime shipping statistics provided by the British Government and the Department for Transport.

2022 numbers are given for actual country of ownership for dwt tonnage.

While countries such as Panama may appear to possess a large merchant navy, this is a result of much of it being managed by foreign overseas companies (such as those based in the United Kingdom and the United States).

[2] This largely includes the merchant navies of British Overseas Territories and UK merchant navy interests in former colonies.