# HS 890120 Tankers global trade data overview | Yugalinks

Reported global trade in tankers reached $18.0B in 2024, with five-year annual growth of -5.2%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $16.8B | -15.5% | -22% |
| 2014 | $20.3B | +20.4% | -15.3% |
| 2015 | $22.5B | +11.1% | +4.2% |
| 2016 | $26.0B | +15.3% | +15.6% |
| 2017 | $26.7B | +2.6% | +9.6% |
| 2018 | $24.3B | -8.9% | +2.6% |
| 2019 | $23.4B | -3.6% | -3.4% |
| 2020 | $18.8B | -20% | -11.1% |
| 2021 | $21.8B | +16% | -3.6% |
| 2022 | $19.2B | -11.6% | -6.4% |
| 2023 | $16.6B | -13.9% | -4.1% |
| 2024 | $18.0B | +8.6% | -6.1% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Singapore | $2.9B | -1.8% | 12 |
| Liberia | $2.3B | -2.5% | 6 |
| Marshall Isds | $1.7B | -18.8% | 13 |
| Republic of Korea | $1.4B | +44.4% | 19 |
| Panama | $1.3B | -11.8% | 6 |
| China, Hong Kong Special Administrative Region | $724.6M | -11.6% | 5 |
| Norway | $714.7M | +5.1% | 9 |
| Greece | $566.8M | -3.4% | 8 |
| India | $524.4M | +34% | 7 |
| Bermuda | $461.6M | +16.6% | 2 |
| United Arab Emirates | $441.1M | +39.7% | 15 |
| France | $424.2M | +20.7% | 3 |

_Source: reported merchandise trade data. Updated 2026-08-14._