HS Code:
The category 'Sailboats, other than inflatable, with or without auxiliary motor' (HS Code: 8903.91) includes various types of sailboats designed for recreational or sporting purposes. These vessels may be equipped with auxiliary motors for additional propulsion but are primarily designed to be powered by sails. This category excludes inflatable sailboats and is part of the broader classification of yachts and other vessels for pleasure or sports. Sailboats in this category are used for leisure, competitive sailing, and tourism, reflecting a niche but significant segment of the global marine industry.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$350 million USD
29.2% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like the EU Single Market or USMCA)
Growing demand for eco-friendly sailboats
Increased interest in sustainable materials and hybrid propulsion systems, driving innovation in design and manufacturing.
2021-2023
Rise in luxury and custom sailboat orders
High-net-worth individuals are boosting demand for bespoke sailboats, particularly in Europe and North America, leading to higher trade values.
2020-2022
Impact of global supply chain disruptions
Delays in raw material supply (e.g., fiberglass, carbon fiber) and shipping have slowed production and delivery, affecting trade volumes temporarily.
2021-2022
The European Union's Green Deal has introduced stricter environmental regulations for marine vessels, encouraging manufacturers to adopt sustainable materials and low-emission auxiliary motors.
January 2023
This is likely to increase production costs in the short term but may enhance long-term market access for compliant manufacturers in the EU.
As part of ongoing trade negotiations, the United States reduced tariffs on certain EU-made sailboats to strengthen bilateral trade ties.
March 2022
This has boosted imports from France and Italy, key sailboat exporters, into the US market.
Major manufacturers have introduced sailboats with advanced automation and hybrid propulsion systems, showcased at international boat shows.
September 2023
These innovations are expected to attract tech-savvy buyers and increase trade volumes in the premium segment.