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2023
Exports $2.53BWorld Rnk 13 / 198
Flag Rnk 56 / 96
2023
Destination $106M Canada
2022 - 2023
FASTEST GROWING MARKET $106MIndia
2023
PRODUCT COMPLEXITY IN Ships, boats, & floating structures0.24Rnk 483 / 1025
2023
Imports $9.14BWorld Rnk 3 / 224
Flag Rnk 43 / 96
2023
Origin $1.04B Finland
2022 - 2023
FASTEST GROWING ORIGIN $1.04BFinland
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.53B in Ships, boats, & floating structures, making it the 13th largest exporter of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 56th most exported product in United States. The main destination of Ships, boats, & floating structures exports from United States are: Canada ($793M), Bahamas ($203M), India ($174M), Australia ($136M), and Saint Martin ($102M).

The fastest growing export markets for Ships, boats, & floating structures of United States between 2022 and 2023 were India ($106M), Saint Martin ($91.3M), and Bahamas ($48.7M).

Imports In 2023, United States imported $9.14B in Ships, boats, & floating structures, becoming the 3rd largest importer of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 43rd most imported product in United States. United States imports Ships, boats, & floating structures primarily from: Finland ($2.14B), France ($1.31B), Germany ($1.25B), Italy ($996M), and Singapore ($524M).

The fastest growing import markets in Ships, boats, & floating structures for United States between 2022 and 2023 were Finland ($1.04B), France ($1.03B), and Germany ($913M).

COMPANIES In 2023, leading companies such as Wistron (159), YAMAHA CORPORATION OF AMERICA (78), and CrimsonLogic (59) were at the forefront of shipping Ships, boats, & floating structures to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Ships, boats, & floating structures exports accounted up to $170M and imports accounted up to $452M, resulting in a negative trade balance of $282M. Between November 2023 and November 2024 the exports of United States'   Ships, boats, & floating structures have decreased by $-181M (-51.6%) from $351M to $170M, while imports increased by $123M (37.5%) from $329M to $452M.

Destinations In November 2024, Ships, boats, & floating structures were exported mostly to Mexico ($25.6M), Canada ($23.3M), Costa Rica ($21.6M), Australia ($12.2M), and Chinese Taipei ($6.9M), and were imported mostly from Netherlands ($212M), Italy ($49.7M), Mexico ($39.6M), Chinese Taipei ($24.4M), and Finland ($19.8M).

Growth In November 2024, the decrease in Ships, boats, & floating structures's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-4.96M or -52.7%), Belgium ($-4.35M or -68.4%), and Hong Kong ($-3.67M or -90.7%). In November 2024, the increase in Ships, boats, & floating structures's year-by-year imports was explained primarily by an increase in imports from Mexico ($49.9M or 96.6%), France ($16.1M or 93.4%), and Turkey ($11.8M or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-181M(-51.6%)
IMPORT GROWTH (November 2023 - November 2024)$123M(37.5%)
MAIN EXPORTER (November 2024)Florida$331M
MAIN DESTINATION (November 2024)Mexico$25.6M

This section shows Ships, boats, & floating structures'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 Ships, boats, & floating structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.53B
IMPORTS (2023)$9.14B
NET TRADE (2023)-$6.61B

In 2023, United States exported $2.53B in Ships, boats, & floating structures. The main destinations of United States exports on Ships, boats, & floating structures were Canada ($793M), Bahamas ($203M), India ($174M), Australia ($136M), and Saint Martin ($102M).

In 2023, United States imported $9.14B in Ships, boats, & floating structures, mainly from Finland ($2.14B), France ($1.31B), Germany ($1.25B), Italy ($996M), and Singapore ($524M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ships, boats, & floating structures EXPORT MARKETS FOR United States WERE (2022 - 2023):
India$106M (155%)
Saint Martin$91.3M (823%)
Bahamas$48.7M (31.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ships, boats, & floating structures BY United States WERE (2022 - 2023):
Germany-$262M (-84.6%)
Finland-$171M (-98.8%)
Saudi Arabia-$117M (-89.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Ships, boats, & floating structures were:
China $24.2B
Japan $10.2B
Italy $5.81B
In 2023, United States's main importing competitors in Ships, boats, & floating structures were:
Singapore $9.88B
Liberia $9.63B

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Trade Value of Ships, boats, & floating structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.4M
TOP IMPORT POTENTIALChina+ $65M

Ships, boats, & floating structures’s highest export potential is Germany. With an export gap of $13.4M.   Ships, boats, & floating structures’s highest import potential is China with an import gap of $65M.

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