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2022
Exports $1.89BWorld Rnk 2 / 167
Flag Rnk 171 / 1217
2022
Destination $141M Canada
2021 - 2022
FASTEST GROWING MARKET $141MBahamas
2022
PRODUCT COMPLEXITY IN Recreational Boats0.3Rnk 445 / 1025
2022
Imports $3.03BWorld Rnk 1 / 217
Flag Rnk 183 / 1216
2022
Origin $215M Italy
2021 - 2022
FASTEST GROWING ORIGIN $215MItaly
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.89B in Recreational Boats, making it the 2nd largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 171st most exported product in United States. The main destination of Recreational Boats exports from United States are: Canada ($813M), Bahamas ($233M), Mexico ($137M), Australia ($91M), and Spain ($35.9M).

The fastest growing export markets for Recreational Boats of United States between 2021 and 2022 were Bahamas ($141M), Canada ($35.8M), and Italy ($20.4M).

Imports In 2022, United States imported $3.03B in Recreational Boats, becoming the 1st largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 183rd most imported product in United States. United States imports Recreational Boats primarily from: Italy ($769M), Chinese Taipei ($407M), France ($279M), United Kingdom ($202M), and Poland ($179M).

The fastest growing import markets in Recreational Boats for United States between 2021 and 2022 were Italy ($215M), Chinese Taipei ($137M), and Australia ($56.1M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (78), Costco Wholesale (27), and John Deere (27) were at the forefront of shipping Recreational Boats to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Recreational Boats exports accounted up to $118M and imports accounted up to $254M, resulting in a negative trade balance of $137M. Between September 2023 and September 2024 the exports of United States'   Recreational Boats have decreased by $-6.2M (-5.01%) from $124M to $118M, while imports increased by $13.9M (5.8%) from $240M to $254M.

Destinations In September 2024, Recreational Boats were exported mostly to Mexico ($35.4M), Canada ($23.2M), Costa Rica ($12.6M), Australia ($11.4M), and Germany ($5.64M), and were imported mostly from Italy ($43.5M), Chinese Taipei ($35M), Mexico ($27.4M), United Kingdom ($22.9M), and Poland ($21.9M).

Growth In September 2024, the decrease in Recreational Boats's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-5.16M or -57%), Belgium ($-4.33M or -68.4%), and Hong Kong ($-3.67M or -90.9%). In September 2024, the increase in Recreational Boats's year-by-year imports was explained primarily by an increase in imports from Mexico ($40.4M or 88.5%), France ($16.1M or 95.4%), and Turkey ($11.9M or 215%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-6.2M(-5.01%)
IMPORT GROWTH (September 2023 - September 2024)$13.9M(5.8%)
MAIN EXPORTER (September 2024)Florida$327M
MAIN DESTINATION (September 2024)Mexico$35.4M

This section shows Recreational Boats's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Recreational Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.89B
IMPORTS (2022)$3.03B
NET TRADE (2022)-$1.14B

In 2022, United States exported $1.89B in Recreational Boats. The main destinations of United States exports on Recreational Boats were Canada ($813M), Bahamas ($233M), Mexico ($137M), Australia ($91M), and Spain ($35.9M).

In 2022, United States imported $3.03B in Recreational Boats, mainly from Italy ($769M), Chinese Taipei ($407M), France ($279M), United Kingdom ($202M), and Poland ($179M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR United States WERE (2021 - 2022):
Bahamas$141M (153%)
Canada$35.8M (4.6%)
Italy$20.4M (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY United States WERE (2021 - 2022):
Netherlands-$31M (-51.4%)
Japan-$8.41M (-20.3%)
Morocco-$8.36M (-60.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Recreational Boats were:
Italy $3.5B
France $1.35B
In 2022, United States's main importing competitors in Recreational Boats were:
Malta $1.37B
Canada $1.13B

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $14.6M
N/AN/AN/A

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

See methodology.

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