Would be fine if they had a large share of those industries as well.  From wiki (admittedly a poor source) not in the top 20 ship exporters, and 24th in steel production with a 3rd of the share they had in 2000.
https://en.wikipedia.org/wiki/List_of_countries_by_ship_exports
https://en.wikipedia.org/wiki/List_of_countries_by_steel_production