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Pricing

Yachts and other vessels; for pleasure or sports, rowing boats and canoes

8903 (Harmonized System 1992 for 4-digit)

2023
World Trade $16.3BRnk 249 / 1217
2023
Top Exporter | Top Importer $3.45B | $3.1BItaly | United States
2023
Product Complexity 0.52Rnk 366 / 1044
2022 - 2023
Export Growth (CAGR) 4.19%Rnk 274 / 1217
2023
Share of World Trade 0.072%Rnk 249 / 1217

About

Overview This page contains the latest trade data of Recreational Boats. In 2023, Recreational Boats were the world's 249th most traded product, with a total trade of $16.3B. Between 2022 and 2023 the exports of Recreational Boats grew by 4.19%, from $15.6B to $16.3B. Trade in Recreational Boats represent 0.072% of total world trade.

Recreational Boats are a part of Ships, boats, & floating structures. They include Motorboats, other than outboard motorboats, Rowing boats, canoes, pleasure boats except sail/powe, Sailboats, with or without auxiliary motor, and Inflatable pleasure craft.

Exports In 2023 the top exporters of Recreational Boats  were Italy ($3.45B), United States ($1.7B), Germany ($1.55B), France ($1.51B), and United Kingdom ($912M).

Imports In 2023 the top importers of Recreational Boats were United States ($3.1B), Cayman Islands ($1.83B), Canada ($920M), France ($826M), and Malta ($759M).

Ranking Recreational Boats ranks 366th in the Product Complexity Index (PCI).

Description Yachts and other vessels for pleasure or sports are used to travel on water. They can be made from a variety of materials, including wood, fiberglass, and aluminum.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Recreational Boats. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Italy$3.45B
Top Destination (2023)United States$3.1B

In 2023 Recreational Boats were the world's 249th most traded product (out of 1,217).

In 2023, the top exporters of Recreational Boats were Italy ($3.45B), United States ($1.7B), Germany ($1.55B), France ($1.51B), and United Kingdom ($912M).

In 2023, the top importers of Recreational Boats were United States ($3.1B), Cayman Islands ($1.83B), Canada ($920M), France ($826M), and Malta ($759M).

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Exporters of Recreational Boats (2023)
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Importers of Recreational Boats (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$304M
Top Destination Growth (2022 -  2023)Cayman Islands$1.15B

Between 2022 and 2023, the exports of Recreational Boats grew the fastest in France ($304M), Germany ($303M), Italy ($266M), Turkey ($86.3M), and United States ($82.8M).

Between 2022 and 2023, the fastest growing importers of Recreational Boats were Cayman Islands ($1.15B), United States ($332M), Cyprus ($200M), Croatia ($166M), and Marshall Islands ($159M).

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Exporters of Recreational Boats (2022 - 2023)

Importers of Recreational Boats (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Recreational Boats.

In 2023, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Recreational Boats are explained by 20 countries.

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Value of Exports in Recreational Boats

Net Trade

TOP NET EXPORTER (2023)Italy$2.98B
TOP NET IMPORTER (2023)Cayman Islands$1.54B

This map shows which countries export or import more of Recreational Boats. Each country is colored based on the difference in exports and imports of Recreational Boats during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Recreational Boats were Italy ($2.98B), Germany ($1.19B), Poland ($723M), France ($688M), and Mexico ($591M).

In 2023, the countries that had a largest trade value in imports than in exports of Recreational Boats were Cayman Islands ($1.54B), United States ($1.4B), Canada ($713M), Malta ($680M), and Marshall Islands ($343M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Recreational Boats, disaggragated by their HS6 level were Motorboats, other than outboard motorboats ($10.4B), Rowing boats, canoes, pleasure boats except... ($3.16B), Sailboats, with or without auxiliary motor ($2.08B), and Inflatable pleasure craft ($614M)

HS6 Disaggregation for Recreational Boats (2023)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Recreational Boats.
It is possible to select the main countries that export or import Recreational Boats in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Recreational Boats by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $14.6M
TOP IMPORT POTENTIALMexico+ $78.3M

Recreational Boats’s highest export potential is United Kingdom. With an export gap of $14.6M.  Recreational Boats’s highest import potential is Mexico with an import gap of $78.3M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Recreational Boats.

Country by Relatedness

The following visualization shows the relatedness of Recreational Boats to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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