HS4 subsector intelligence

Vessels
HS4 8906 trade overview

A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.

HS4 89061995-2024 coverageRapid growth
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$6.2BGlobal subsector value
02

Annual change

-23.6%Latest year on year
03

Exporters

113Active reporting countries
04

Importers

187Active reporting countries
05

HS6 products

2Classifications inside HS4

The subsector read

$6.2B in trade, with +11.8% annualized growth over three years.

Vessels is recorded across 1,658 active corridors, with 113 exporters and 187 importers.

Annual trend

Subsector momentum over time

Reported global trade from 1995 to 2024. Read the methodology ↗

Annual subsector tradeReported global trade from 1995 to 2024.1995: $962.6M1996: $980.7M1997: $1.8B1998: $1.3B1999: $1.7B2000: $1.6B2001: $2.0B2002: $1.9B2003: $1.3B2004: $1.4B2005: $1.2B2006: $2.4B2007: $3.5B2008: $3.3B2009: $4.2B2010: $4.5B2011: $4.4B2012: $5.3B2013: $4.3B2014: $5.9B2015: $4.5B2016: $5.1B2017: $5.6B2018: $5.5B2019: $3.6B2020: $4.2B2021: $4.5B2022: $5.9B2023: $6.0B2024: $6.2B
Reported global trade by year.

Top trade corridors

Where the subsector moves

Leading exporter-to-importer relationships by latest reported value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1Saudi ArabiaSAUUnited Arab EmiratesARE$809.7M+36.4%1871 kmYes
2Saudi ArabiaSAUBahrainBHR$580.8M+122.4%1425 kmYes
3ChinaCHNSaudi ArabiaSAU$428.5M+2.9%17,253 kmNo
4Saudi ArabiaSAUSingaporeSGP$362.3M+131.2%16,658 kmYes
5IndonesiaIDNSaudi ArabiaSAU$274.4M+449%17,353 kmNo
6ChinaCHNRepublic of KoreaKOR$183.1M+12.6%1867 kmYes
7NorwayNORSaudi ArabiaSAU$178.9M+115.5%14,794 kmNo
8SingaporeSGPSaudi ArabiaSAU$148.0M+130.5%16,658 kmYes
9PanamaPANTurkeyTUR$125.0M+584.4%110,872 kmNo
10United Arab EmiratesAREIndiaIND$111.8M+260.6%12,204 kmNo

Market structure

Where supply and demand concentrate

Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1Saudi ArabiaSAU$1.9B142
2ChinaCHN$952.2M1032
3IndonesiaIDN$380.3M131
4NorwayNOR$374.0M361
5USA, Puerto Rico and US Virgin IslandsUSA$239.7M1052
6RomaniaROU$229.4M72
7SingaporeSGP$205.5M292
8SpainESP$146.3M472
9United Arab EmiratesARE$133.7M292
10PanamaPAN$131.9M51
Top importers2024 ranking
RankCountryImportsPartnersHS6
1Saudi ArabiaSAU$1.1B332
2United Arab EmiratesARE$847.3M302
3BahrainBHR$581.4M61
4SingaporeSGP$437.5M292
5NorwayNOR$303.6M301
6Republic of KoreaKOR$248.0M232
7TaiwanTWN$247.4M452
8IndiaIND$151.5M192
9ThailandTHA$148.5M252
10TurkeyTUR$146.6M282

HS6 product coverage

The products inside HS4 8906

Six-digit classifications make the subsector specific. Browse the product workspace ↗

3 classifications shownVessels
01
Vessels: other, including warships and lifeboats, other than rowing boatsHS6 890600
02
Vessels: warshipsHS6 890610
03
Vessels: other, including lifeboats other than rowing boats, other than warshipsHS6 890690

Definitions and coverage

Read the numbers with context

Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations.

03

Missing data

Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.

Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.