From 2018 to 2019, the value of globally exported cruise ships gained 13.1%.
Among continents, suppliers in Europe sold the highest dollar worth of exported cruise ships during 2019 with shipments valued at $9.5 billion or 81.9% of the worldwide total. In second place were Asian exporters at 13.7%. Smaller percentages came from providers in Latin America (2.4%) plus the Caribbean, Africa (1.7%), North America (0.2%), and Oceania (0.1%) led by Marshall Islands and New Zealand.
For research purposes, the 6-digit Harmonized Tariff System (HTS) code prefix is 890110 for cruise ships, excursion boats and similar vessels.
Exported Cruise Ships by Country
Countries
Below are the 15 countries that exported the highest dollar value worth of cruise ships during 2019.
- Germany: US$2.5 billion (21.8% of exported cruise ships)
- Italy: $1.83 billion (15.8%)
- France: $1.8 billion (15.5%)
- Finland: $1.7 billion (14.2%)
- India: $633 million (5.4%)
- Norway: $552.8 million (4.8%)
- Poland: $404.1 million (3.5%)
- Croatia: $331.3 million (2.8%)
- Bahamas: $236 million (2%)
- China: $229.9 million (2%)
- Turkey: $222.2 million (1.9%)
- Romania: $221.8 million (1.9%)
- Liberia: $182.8 million (1.6%)
- Oman: $132.7 million (1.1%)
- Japan: $76.8 million (0.7%)
By value, the listed 15 countries shipped 95.0% of globally exported cruise ships in 2019.
Among the top exporters, the fastest-growing exporters of cruise ships since 2015 were: Oman (up 38,477%), France (up 17,958%), Romania (up 1,129%) and India (up 1,003%).
Advantages
The following countries posted the highest positive net exports for cruise ships during 2019. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported cruise ships and its import purchases for that same commodity.
- France: US$1.74 billion (net export surplus reversing an -$82 million deficit in 2015)
- Finland: $1.65 billion (up 224.2% since 2015)
- Germany: $1.5 billion (up 11.4%)
- Italy: $725.2 million (down -9.8%)
- India: $423 million (reversing a -$43.2 million deficit)
- Norway: $419.4 million (up 794.1%)
- Croatia: $242.2 million (up 610%)
- Romania: $221.8 million (up 1129.3%)
- China: $219.8 million (up 173%)
- Turkey: $217.2 million (up 1062.1%)
- Poland: $97.4 million (up 190.3%)
- Bahamas: $89.6 million (reversing a -$1.5 million deficit)
- Japan: $76.6 million (up 345.2%)
- Singapore: $40.3 million (down -15.4%)
- Vietnam: $36.4 million (up 0.1%)
France generated the highest surplus in the international trade of cruise ships. In turn, this positive cashflow confirms France’s strong competitive advantage for this specific product category.
Opportunities
The following countries posted the highest negative net exports for cruise ships during 2019. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported cruise ship purchases and its exports for that same commodity.
- Switzerland: US-$209 million (net export deficit up 14,816% since 2015)
- Malta: -$201.6 million (no 2015 data)
- Marshall Islands: -$159.7 million (up 2.2%)
- United Arab Emirates: -$144.9 million (up 1,964%)
- Sweden: -$123 million (up 2,512%)
- Canada: -$110.6 million (down -29.3%)
- Ecuador: -$94.8 million (up 679.8%)
- Spain: -$76 million (reversing a $21 million surplus)
- Indonesia: -$73.3 million (reversing a $99.8 million surplus)
- Denmark: -$71.3 million (reversing a $10.3 million surplus)
- Netherlands: -$52.9 million (reversing a $26.5 million surplus)
- Lithuania: -$40.3 million (down -32.8%)
- Iceland: -$37.4 million (no 2015 data)
- Nigeria: -$35.7 million (reversing a $473.6 million surplus)
- Taiwan: -$33.8 million (up 614.4%)
Switzerland incurred the highest deficit in the international trade of cruise ships. In turn, this negative cashflow highlights Switzerland’s strong competitive disadvantage for this specific product category but also signals opportunities for cruise ship-making countries that help satisfy the powerful demand.
Cruise Lines
Below are cruise lines currently in operation, with the country where their headquarters is located within parenthesis.
- AIDA Cruises (Germany)
- AmaWaterways (United States)
- American Cruise Lines (United States)
- Avalon Waterways (United States)
- Azamara Club Cruises (United States)
- Bahamas Paradise Cruise Line (United States)
- Birka Line (Finland)
- Carnival Cruise Line (United States/ United Kingdom)
- CDF Croisières de France (France)
- Celebrity Cruises (United States)
- Celestyal Cruises (Cyprus)
- Compagnie du Ponant (France)
- Costa Cruises (Italy)
- Cruise & Maritime Voyages (United Kingdom)
- Crystal Cruises (Japan)
- Cunard Line (United Kingdom)
- Disney Cruise Line (United Kingdom)
- European Waterways (United Kingdom)
- Fred. Olsen Cruise Lines (United Kingdom)
- Hapag-Lloyd Cruises (Germany)
- Holland America Line (United States (originally Netherlands))
- Hurtigruten (Norway)
- Kristina Cruises (Finland)
- Majestic International Cruises (Greece)
- The Majestic Line (United Kingdom)
- Mano Maritime (Israel)
- MSC Cruises (Italy)
- Norwegian Cruise Line (United States (originally Norway))
- Oceania Cruises (United States)
- Orion Expedition Cruises (Australia)
- P&O Cruises (United Kingdom)
- P&O Cruises Australia (Australia)
- Paul Gauguin Cruises (United States)
- Peter Deilmann Cruises (Germany)
- Phoenix Reisen (Germany)
- Polar Star Expeditions (Canada)
- Portside (Brazil)
- Poseidon Expeditions (United Kingdom)
- Princess Cruises (United States)
- Pullmantur Cruises (Spain)
- Quark Expeditions (United States)
- Regent Seven Seas Cruises (United States)
- Royal Caribbean International (United States)
- Saga Cruises (United Kingdom)
- Seabourn Cruise Line (United States)
- SeaDream Yacht Club (Norway)
- Silversea Cruises (United States/ Italy)
- Star Cruises (Malaysia)
- Swan Hellenic (United Kingdom)
- Thomson Cruises (United Kingdom)
- Transocean Tours (Germany)
- TUI Cruises (Germany)
- Uniworld River Cruises (United States)
- Un-Cruise Adventures (United States)
- Viking Cruises (United States)
- Windstar Cruises (United States)
See also Car Exports by Country, Helicopters Exports by Country and Truck Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on June 10, 2020
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on June 10, 2020
International Trade Centre, Trade Map. Accessed on June 10, 2020
Investopedia, Net Exports Definition. Accessed on June 10, 2020
Wikipedia, List of cruise lines. Accessed on June 10, 2020