Aircraft Parts in United States

EXPORTS (2018): $12.8B, World Rnk 2 / 203
Flag Rnk 22 / 1222

TOP DESTINATION (2018): $1.18B, Singapore

FASTEST GROWING MARKET (2017 - 2018): $402M, United Arab Emirates

IMPORTS (2018): $19.4B, World Rnk 1 / 212
Flag Rnk 19 / 1217

TOP ORIGIN (2018): $3.64B, Japan

FASTEST GROWING ORIGIN (2017 - 2018): $716M, United Kingdom

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

Overview: This page contains the latest trade data of Aircraft Parts in United States.

Exports: In 2018, United States exported $12.8B in Aircraft Parts, making it the 2nd largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 22nd most exported product in United States. The main destination of Aircraft Parts exports from United States are: Singapore ($1.18B), Japan ($1.01B), France ($970M), United Kingdom ($950M), and Saudi Arabia ($902M).

The fastest growing export markets for Aircraft Parts of United States between 2017 and 2018 were United Arab Emirates ($402M), Chinese Taipei ($338M), and China ($199M).

Imports: In 2018, United States imported $19.4B in Aircraft Parts, becoming the 1st largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 19th most imported product in United States. United States imports Aircraft Parts primarily from: Japan ($3.64B), United Kingdom ($2.27B), Canada ($2.2B), France ($1.9B), and Italy ($1.24B).

The fastest growing import markets in Aircraft Parts for United States between 2017 and 2018 were United Kingdom ($716M), France ($414M), and Netherlands ($211M).

Overview: In August 2020 United States' Aircraft Parts exports accounted up to $5.46B and imports accounted up to $1.13B, resulting in a positive trade balance of $4.32B. Between August 2019 and August 2020 the exports of United States'   Aircraft Parts have decreased by $-4.54B (-45.4%) from $10B to $5.46B, while imports decreased by $-522M (-31.6%) from $1.65B to $1.13B.

Destinations: In August 2020 Aircraft Parts exported mostly to Germany ($688M), United Kingdom ($510M), Japan ($457M), France ($451M), and Canada ($444M), and imported mostly from Japan ($242M), United Kingdom ($166M), Canada ($131M), France ($101M), and Italy ($94.2M).

Growth: In August 2020, the decrease in Aircraft Parts's year-by-year exports was explained primarily by a decrease in exports to France ($-686M or -60.4%), China ($-637M or -69.5%), and Singapore ($-425M or -66.6%). In August 2020, the decrease in Aircraft Parts's year-by-year imports was explained primarily by a decrease in imports from France ($-77.2M or -43.3%), Canada ($-65M or -33.2%), and Japan ($-64.7M or -21.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): $-4.54B, (-45.4%)

IMPORT GROWTH (August 2019 - August 2020): $-522M, (-31.6%)

MAIN EXPORTER (August 2020): Washington, $762M

MAIN DESTINATION (August 2020): Germany, $688M

This section shows Aircraft Parts'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 Aircraft Parts over time.

Value

EXPORTS (2018): $12.8B

IMPORTS (2018): $19.4B

NET TRADE (2018): -$6.63B

In 2018, United States exported $12.8B in Aircraft Parts. The main destinations of United States exports on Aircraft Parts were Singapore ($1.18B), Japan ($1.01B), France ($970M), United Kingdom ($950M), and Saudi Arabia ($902M).

In 2018, United States imported $19.4B in Aircraft Parts, mainly from Japan ($3.64B), United Kingdom ($2.27B), Canada ($2.2B), France ($1.9B), and Italy ($1.24B).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Aircraft Parts WITH:

  • Singapore, $931M ($1.18B - $247M)
  • Saudi Arabia, $849M ($902M - $52.7M)
  • United Arab Emirates, $515M ($589M - $73.9M)

IN 2018, United States HAD A NEGATIVE NET TRADE IN Aircraft Parts WITH:

  • Japan, -$2.63B ($1.01B - $3.64B)
  • Canada, -$2.2B ($0 - $2.2B)
  • United Kingdom, -$1.32B ($950M - $2.27B)
Flow

THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY United States WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Aircraft Parts were:

In 2018, United States's main importing competitors in Aircraft Parts were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Aircraft Parts in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the tariffs for Aircraft Parts in the imports of United States were of 0% around the world.

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