Aircraft Parts in United Kingdom 2020 Exports | Imports : $10.2B | $3.37B, World Rnk 2 / 207 Rnk 6 / 1216 | World Rnk 5 / 216 Rnk 25 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.02B | $14.1M, Germany | Russia
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Aircraft Parts: 0.8, Rnk 237 / 1029
Exports In 2020, United Kingdom exported $10.2B in Aircraft Parts, making it the 2nd largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 6th most exported product in United Kingdom. The main destination of Aircraft Parts exports from United Kingdom are: Germany ($3.02B), France ($2.4B), United States ($2.17B), Canada ($543M), and Italy ($267M).
The fastest growing export markets for Aircraft Parts of United Kingdom between 2019 and 2020 were Germany ($1.02B), Chinese Taipei ($20.9M), and Bulgaria ($15.9M).
Imports In 2020, United Kingdom imported $3.37B in Aircraft Parts, becoming the 5th largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 25th most imported product in United Kingdom. United Kingdom imports Aircraft Parts primarily from: United States ($750M), Germany ($459M), France ($371M), Belgium ($224M), and Spain ($195M).
The fastest growing import markets in Aircraft Parts for United Kingdom between 2019 and 2020 were Russia ($14.1M), Ethiopia ($13.5M), and Saudi Arabia ($13.5M).
December 2021
Overview In December 2021 United Kingdom's Aircraft Parts exports accounted up to £771M and imports accounted up to £227M, resulting in a positive trade balance of £544M. Between December 2020 and December 2021 the exports of United Kingdom's Aircraft Parts have increased by £53.8M (7.5%) from £717M to £771M, while imports increased by £1.91M (0.85%) from £225M to £227M.
Destinations In December 2021, Aircraft Parts were exported mostly to , and were imported mostly from N/A.
Growth In December 2021, the increase in Aircraft Parts's year-by-year exports was explained primarily by an increase in exports to Nigeria (£4.75M or 695%), Hungary (£4.35M or 1.52k%), and Bangladesh (£3.87M or 26.1k%). In December 2021, the increase in Aircraft Parts's year-by-year imports was explained primarily by an increase in imports from Ethiopia (£8.97M or 362%), Russia (£2.19M or 246%), and Japan (£619k or 39.7%).
EXPORT GROWTH (December 2020 - December 2021): £53.8M, (7.5%)
IMPORT GROWTH (December 2020 - December 2021): £1.91M, (0.85%)
MAIN EXPORTER (December 2021): ,
MAIN DESTINATION (December 2021): ,
This section shows Aircraft Parts's exports and imports data at subnational level for United Kingdom. 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.
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EXPORTS (2020): $10.2B
IMPORTS (2020): $3.37B
NET TRADE (2020): $6.83B
In 2020, United Kingdom exported $10.2B in Aircraft Parts. The main destinations of United Kingdom exports on Aircraft Parts were Germany ($3.02B), France ($2.4B), United States ($2.17B), Canada ($543M), and Italy ($267M).
In 2020, United Kingdom imported $3.37B in Aircraft Parts, mainly from United States ($750M), Germany ($459M), France ($371M), Belgium ($224M), and Spain ($195M).
THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Aircraft Parts were:
In 2020, United Kingdom's main importing competitors in Aircraft Parts were:
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