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

8903 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Recreational Boats. In 2022, Recreational Boats were the world's 255th most traded product, with a total trade of $16.7B. Between 2021 and 2022 the exports of Recreational Boats decreased by -27.3%, from $23B to $16.7B. Trade in Recreational Boats represent 0.07% 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 2022 the top exporters of Recreational Boats  were Italy ($3.5B), United States ($1.89B), France ($1.35B), Germany ($1.31B), and United Kingdom ($1.02B).

Imports In 2022 the top importers of Recreational Boats were United States ($3.03B), Malta ($1.37B), Canada ($1.13B), France ($959M), and United Kingdom ($815M).

Ranking Recreational Boats ranks 487th 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.

Historical Data

Exporters and Importers

Top Origin (2022)Italy$3.5B
Top Destination (2022)United States$3.03B

In 2022 Recreational Boats were the world's 255th most traded product (out of 1,218).

In 2022, the top exporters of Recreational Boats were Italy ($3.5B), United States ($1.89B), France ($1.35B), Germany ($1.31B), and United Kingdom ($1.02B).

In 2022, the top importers of Recreational Boats were United States ($3.03B), Malta ($1.37B), Canada ($1.13B), France ($959M), and United Kingdom ($815M).

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Exporters of Recreational Boats (2022)
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Importers of Recreational Boats (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$182M
Top Destination Growth (2021 -  2022)Malta$766M

Between 2021 and 2022, the exports of Recreational Boats grew the fastest in United States ($182M), Australia ($153M), Chinese Taipei ($150M), Spain ($119M), and Turkey ($68M).

Between 2021 and 2022, the fastest growing importers of Recreational Boats were Malta ($766M), United Kingdom ($251M), Gibraltar ($200M), France ($139M), and Bahamas ($116M).

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Exporters of Recreational Boats (2021 - 2022)

Importers of Recreational Boats (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Recreational Boats are explained by 21 countries.

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Value of Exports in Recreational Boats

Net Trade

TOP NET EXPORTER (2022)Italy$3.07B
TOP NET IMPORTER (2022)Malta$1.33B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Recreational Boats were Italy ($3.07B), Poland ($848M), Germany ($799M), China ($597M), and Chinese Taipei ($510M).

In 2022, the countries that had a largest trade value in imports than in exports of Recreational Boats were Malta ($1.33B), United States ($1.14B), Canada ($927M), Cayman Islands ($445M), and Seychelles ($396M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Recreational Boats, disaggragated by their HS6 level were Motorboats, other than outboard motorboats ($9.3B), Rowing boats, canoes, pleasure boats except... ($4.28B), Sailboats, with or without auxiliary motor ($2.26B), and Inflatable pleasure craft ($855M)

HS6 Disaggregation for Recreational Boats (2022)
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Country Comparison

Flow
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

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 (2022)

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 (2022)

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