# Ships and boats (HS2 89) Sector Trade Overview | Yugalinks

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Ships and boats at HS2 89, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs2/89

## Answer

The ships and boats sector recorded $147.4B in reported global trade in 2024, with +4.8% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $147.4B |
| Latest annual change | +4.8% |
| Active exporters | 187 |
| Active importers | 198 |
| Active HS6 products | 18 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $34.8B | 3,639 | 18 |
| 1996 | $36.3B | 3,859 | 18 |
| 1997 | $36.1B | 3,816 | 18 |
| 1998 | $39.6B | 3,941 | 18 |
| 1999 | $38.3B | 4,191 | 18 |
| 2000 | $39.2B | 4,414 | 18 |
| 2001 | $41.7B | 4,770 | 18 |
| 2002 | $45.2B | 4,790 | 18 |
| 2003 | $53.9B | 5,059 | 18 |
| 2004 | $63.2B | 5,393 | 18 |
| 2005 | $71.9B | 5,529 | 18 |
| 2006 | $90.6B | 5,501 | 18 |
| 2007 | $102.5B | 5,755 | 18 |
| 2008 | $139.7B | 5,966 | 18 |
| 2009 | $140.4B | 6,064 | 18 |
| 2010 | $167.9B | 5,948 | 18 |
| 2011 | $176.2B | 6,024 | 18 |
| 2012 | $149.8B | 5,949 | 18 |
| 2013 | $138.3B | 6,188 | 18 |
| 2014 | $134.9B | 6,372 | 18 |
| 2015 | $135.6B | 6,247 | 18 |
| 2016 | $127.1B | 6,205 | 18 |
| 2017 | $132.1B | 6,157 | 18 |
| 2018 | $115.7B | 6,205 | 18 |
| 2019 | $109.4B | 6,435 | 18 |
| 2020 | $104.3B | 6,203 | 18 |
| 2021 | $121.8B | 6,183 | 18 |
| 2022 | $120.2B | 6,143 | 18 |
| 2023 | $127.8B | 6,577 | 18 |
| 2024 | $147.4B | 6,415 | 18 |

## Growth and market structure

- Trend: Growing
- Three-year CAGR: +6.6%
- Five-year CAGR: +6.1%
- Historical peak: $176.2B in 2,011
- Positive-growth years: 79.3%
- Exporter concentration HHI: 1,759
- Importer concentration HHI: 1,229.4
- Trade volatility coefficient: 0.5

## Leading corridors

| Rank | Exporter | Importer | Trade value | Growth | HS6 products | Distance | FTA |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | China | Liberia | $9.2B | +50.6% | 7 | 13,466 km | No |
| 2 | China | China, Hong Kong Special Administrative Region | $7.1B | +27.3% | 14 | 1,226 km | Yes |
| 3 | Republic of Korea | Liberia | $5.2B | +38.1% | 2 | 13,479 km | No |
| 4 | China | Singapore | $4.4B | +16.4% | 15 | 3,797 km | Yes |
| 5 | Japan | Panama | $3.9B | -3.2% | 5 | 13,584 km | No |
| 6 | France | USA, Puerto Rico and US Virgin Islands | $3.7B | +142.7% | 11 | 5,852 km | No |
| 7 | Republic of Korea | France | $3.2B | +67.9% | 7 | 8,989 km | Yes |
| 8 | China | Marshall Isds | $3.2B | +26.7% | 8 | 5,827 km | No |
| 9 | China | Malta | $2.8B | +56.9% | 7 | 9,375 km | No |
| 10 | Republic of Korea | Singapore | $2.7B | +63.4% | 9 | 4,664 km | Yes |

## Leading exporters

| Rank | Country | Exports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | China | $44.4B | 185 | 18 |
| 2 | Republic of Korea | $24.8B | 108 | 18 |
| 3 | Japan | $9.9B | 143 | 17 |
| 4 | Italy | $6.7B | 145 | 18 |
| 5 | France | $6.5B | 154 | 18 |
| 6 | Saudi Arabia | $5.1B | 37 | 18 |
| 7 | Netherlands | $5.0B | 132 | 18 |
| 8 | Germany | $4.4B | 131 | 18 |
| 9 | India | $3.1B | 81 | 18 |
| 10 | USA, Puerto Rico and US Virgin Islands | $2.8B | 177 | 18 |

## Leading importers

| Rank | Country | Imports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | Liberia | $16.8B | 26 | 15 |
| 2 | Singapore | $11.7B | 60 | 18 |
| 3 | USA, Puerto Rico and US Virgin Islands | $9.7B | 102 | 18 |
| 4 | Marshall Isds | $9.3B | 36 | 15 |
| 5 | China, Hong Kong Special Administrative Region | $7.9B | 45 | 17 |
| 6 | Panama | $7.7B | 44 | 17 |
| 7 | Malta | $7.2B | 50 | 18 |
| 8 | World excl. Intra-EU | $6.0B | 55 | 16 |
| 9 | France | $5.5B | 108 | 18 |
| 10 | Germany | $4.8B | 92 | 18 |

## HS6 products

- Cruise ships, excursion boats and similar vessels, principally designed for the transport of persons, ferry boats of all kinds (HS6 890110)
- Tankers (HS6 890120)
- Vessels, refrigerated: other than tankers (HS6 890130)
- Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods (HS6 890190)
- Fishing vessels, factory ships and other vessels: for processing or preserving fishery products (HS6 890200)
- Yachts and other vessels: for pleasure or sports, rowing boats and canoes, inflatable (HS6 890310)
- Yachts and other vessels: for pleasure or sports, inflatable (including rigid hull inflatable), fitted or designed to be fitted with a motor, unladen (net) weight (excluding the motor) not exceeding 100kg (HS6 890311)
- Yachts and other vessels: for pleasure or sports, inflatable (including rigid hull inflatable), not designed to be used with a motor and unladen (net) weight not exceeding 100kg (HS6 890312)
- Yachts and other vessels: for pleasure or sports, inflatable (including rigid hull inflatable), unladen (net) weight exceeding 100kg (HS6 890319)
- Sailboats: (other than inflatable) with or without auxiliary motor, for pleasure or sports, of a length not exceeding 7.5m (HS6 890321)
- Sailboats: (other than inflatable) with or without auxiliary motor, for pleasure or sports, of a length exceeding 7.5m but not exceeding 24m (HS6 890322)
- Sailboats: (other than inflatable) with or without auxiliary motor, for pleasure or sports, of a length exceeding 24m (HS6 890323)
- Motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, of a length not exceeding 7.5m (HS6 890331)
- Motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, of a length exceeding 7.5m but not exceeding 24m (HS6 890332)
- Motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, of a length exceeding 24m (HS6 890333)
- Sailboats: with or without auxiliary motor, for pleasure or sports, other than inflatable (HS6 890391)
- Motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable (HS6 890392)
- Vessels: (other than sailboats and motorboats), for pleasure or sports, other than inflatable, of a length not exceeding 7.5m (HS6 890393)
- Yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.s. in heading no. 8903, other than inflatable (HS6 890399)
- Tugs and pusher craft (HS6 890400)
- Dredgers (HS6 890510)
- Floating or submersible drilling or production platforms (HS6 890520)
- Vessels: light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks (HS6 890590)
- Vessels: other, including warships and lifeboats, other than rowing boats (HS6 890600)
- Vessels: warships (HS6 890610)
- Vessels: other, including lifeboats other than rowing boats, other than warships (HS6 890690)
- Rafts: inflatable (HS6 890710)
- Floating structures: tanks, coffer-dams, landing stages, buoys and beacons (HS6 890790)
- Vessels and other floating structures: for breaking up (HS6 890800)

## Definitions and coverage

Merchandise trade observations aggregated to HS2. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024. The data release was refreshed 2026-07-20 09:34:08.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

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