89 - Ships, boats and floating structures (HS 89)
- In 2024, global exports of Ships, boats and floating structures (HS2 89) amounted to $156.2B.
- China was the leading exporter, accounting for 31.9% of global exports in this category.
- Global imports of HS2 89 reached $59.4B in 2024.
- France was the largest importer, representing 11.5% of worldwide imports.
- The top three exporters (China, Rep. of Korea, Japan) together contributed 53.5% of total exports.
Global Trade Overview for Ships, boats and floating structures (HS2 89)
In 2024, the global trade of Ships, boats and floating structures (HS2 89) saw significant activity. Total global exports reached $156.2B, while imports stood at $59.4B. China emerged as the top exporter, contributing 31.9% of the global export value. Other major exporters included Rep. of Korea and Japan. On the import side, France was the leading country, accounting for 11.5% of total imports, followed by Germany and India. The trade in this category is vital for global transportation, leisure, and specialized marine operations.
Key Exporting and Importing Countries
Analyzing the top performers in 2024, China's exports of HS2 89 reached $49.8B. Rep. of Korea followed with $24.0B in exports, and Japan exported $9.6B. These countries play a pivotal role in the supply chain of marine vessels. For imports, France led with $6.8B, Germany imported $5.9B, and India received $4.5B worth of these products. These figures highlight the significant demand for ships, boats, and floating structures across various economies.
- China is the top exporter (31.9% of reported exports).
- France is the top importer (11.5% of reported imports).
- Top 3 exporter concentration: 53.4%.
- Top 5 exporter concentration: 64.1%.
Ships, boats and floating structures - product groups (4-digit) by top countries (Exports), 2024 (USD)
Ships, boats and floating structures - country rank by trade value (Exports), 2015-2024 (USD)
Global export trend
Ships, boats and floating structures - exports over time (Exports), 2015-2024 (USD)
HS4 drilldown
Ships, boats and floating structures - top 4-digit product groups by export share (Exports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 8901 | Cruise ships, excursion boats,… | $99.46B | 63.7% |
| 8903 | Yachts and other vessels; for p… | $21.35B | 13.7% |
| 8905 | Light-vessels, fire-floats, dre… | $20.98B | 13.4% |
| 8906 | Vessels; other, including warsh… | $6.36B | 4.1% |
| 8904 | Tugs and pusher craft | $3.65B | 2.3% |
| 8907 | Boats, floating structures, oth… | $1.58B | 1.0% |
| 8902 | Fishing vessels, factory ships… | $1.39B | 0.9% |
| 8908 | Vessels and other floating stru… | $134.35M | 0.1% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 8906 | Vessels; other, including warsh… | 8.6% | $6.36B |
| 8901 | Cruise ships, excursion boats,… | 7.9% | $99.46B |
| 8903 | Yachts and other vessels; for p… | 6.2% | $21.35B |
| 8907 | Boats, floating structures, oth… | 4.6% | $1.58B |
| 8905 | Light-vessels, fire-floats, dre… | 0.8% | $20.98B |
| 8904 | Tugs and pusher craft | -0.7% | $3.65B |
| 8902 | Fishing vessels, factory ships… | -1.4% | $1.39B |
| 8908 | Vessels and other floating stru… | -43.3% | $134.35M |
Ships, boats and floating structures - top 4-digit product groups by import share (Imports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 8901 | Cruise ships, excursion boats,… | $27.25B | 45.9% |
| 8903 | Yachts and other vessels; for p… | $13.53B | 22.8% |
| 8905 | Light-vessels, fire-floats, dre… | $9.51B | 16.0% |
| 8906 | Vessels; other, including warsh… | $4.52B | 7.6% |
| 8904 | Tugs and pusher craft | $1.45B | 2.4% |
| 8907 | Boats, floating structures, oth… | $1.41B | 2.4% |
| 8902 | Fishing vessels, factory ships… | $745.26M | 1.3% |
| 8908 | Vessels and other floating stru… | $699.81M | 1.2% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 8906 | Vessels; other, including warsh… | 7.2% | $4.52B |
| 8901 | Cruise ships, excursion boats,… | 6.8% | $27.25B |
| 8907 | Boats, floating structures, oth… | 5.1% | $1.41B |
| 8903 | Yachts and other vessels; for p… | 2.7% | $13.53B |
| 8908 | Vessels and other floating stru… | -5.6% | $699.81M |
| 8902 | Fishing vessels, factory ships… | -7.3% | $745.26M |
| 8904 | Tugs and pusher craft | -13.3% | $1.45B |
| 8905 | Light-vessels, fire-floats, dre… | -14.1% | $9.51B |
Explore country profiles
Top trade routes
| Exporter | Importer | Value | Share of exports |
|---|---|---|---|
| China (CHN) | China, Hong Kong SAR (HKG) | $10.02B | 6.4% |
| China (CHN) | Liberia (LBR) | $9.19B | 5.9% |
| China (CHN) | Singapore (SGP) | $6.64B | 4.3% |
| France (FRA) | USA (USA) | $5.45B | 3.5% |
| Rep. of Korea (KOR) | Liberia (LBR) | $5.21B | 3.3% |
| Saudi Arabia (SAU) | United Arab Emirates (ARE) | $4.07B | 2.6% |
| Japan (JPN) | Panama (PAN) | $3.95B | 2.5% |
| Rep. of Korea (KOR) | Singapore (SGP) | $3.48B | 2.2% |
| China (CHN) | Marshall Isds (MHL) | $3.18B | 2.0% |
| China (CHN) | Malta (MLT) | $2.82B | 1.8% |
| Rep. of Korea (KOR) | Marshall Isds (MHL) | $2.59B | 1.7% |
| China (CHN) | Panama (PAN) | $2.40B | 1.5% |
| Netherlands (NLD) | Cayman Isds (CYM) | $2.37B | 1.5% |
| Rep. of Korea (KOR) | Malta (MLT) | $2.15B | 1.4% |
| China (CHN) | Indonesia (IDN) | $2.01B | 1.3% |