HS Code:
The Amusement Park Rides and Water Park Amusements category, classified under HS Code 9508, encompasses a variety of equipment and machinery used in amusement parks, theme parks, and water parks. This includes roller coasters, carousels, Ferris wheels, water slides, and other mechanical rides designed for entertainment purposes. This category also covers parts and accessories for such equipment. The global trade of these products is driven by the growth of the tourism and entertainment industries, with significant demand in regions developing large-scale amusement and leisure facilities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.8%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Increasing demand for themed and immersive rides
Boosts trade in high-tech amusement equipment as parks invest in unique visitor experiences
2021-2023
Growth of water parks in tropical and subtropical regions
Drives exports of water slides and aquatic amusements to Asia-Pacific and Middle Eastern markets
2020-2022
Adoption of sustainable and energy-efficient ride technologies
Encourages manufacturers to innovate, affecting trade patterns with a focus on eco-friendly equipment
2022-2023
The International Association of Amusement Parks and Attractions (IAAPA) collaborated with global regulators to update safety standards for ride manufacturing and operation.
March 2023
Increased compliance costs for manufacturers but improved market access due to standardized regulations.
Major projects like Saudi Arabiaโs Qiddiya and Dubaiโs theme park expansions have spurred demand for imported amusement rides.
June 2022
Significant growth in export opportunities for manufacturers in China and Europe.
A bilateral agreement reduced tariffs on amusement park equipment, facilitating smoother trade between the two largest markets.
September 2022
Increased trade volume by approximately 15% between the US and China in this category.