Aircraft Parts in United States

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Exports: In 2019, United States exported $16.3B in Aircraft Parts, making it the 1st largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 17th most exported product in United States. The main destination of Aircraft Parts exports from United States are: Canada ($2.64B), Singapore ($1.37B), Saudi Arabia ($1.18B), Japan ($1.01B), and United Kingdom ($1B).

The fastest growing export markets for Aircraft Parts of United States between 2018 and 2019 were Canada ($387M), Saudi Arabia ($275M), and Singapore ($172M).

Imports: In 2019, United States imported $21.6B in Aircraft Parts, becoming the 1st largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 17th most imported product in United States. United States imports Aircraft Parts primarily from: Japan ($3.99B), United Kingdom ($2.59B), France ($2.46B), Canada ($2.45B), and Italy ($1.63B).

The fastest growing import markets in Aircraft Parts for United States between 2018 and 2019 were France ($561M), Italy ($382M), and Japan ($336M).

Latest Trends

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Overview

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Overview: In January 2021 United States' Aircraft Parts exports accounted up to $5.32B and imports accounted up to $1.02B, resulting in a positive trade balance of $4.3B. Between January 2020 and January 2021 the exports of United States' Aircraft Parts have decreased by $-3.53B (-39.9%) from $8.85B to $5.32B, while imports decreased by $-528M (-34.2%) from $1.54B to $1.02B.

Destinations: In January 2021 Aircraft Parts exported mostly to United Kingdom ($693M), Germany ($604M), Brazil ($408M), France ($406M), and Canada ($343M), and imported mostly from United Kingdom ($198M), France ($128M), Canada ($122M), Japan ($103M), and Germany ($91.4M).

Growth: In January 2021, the decrease in Aircraft Parts's year-by-year exports was explained primarily by a decrease in exports to France ($-693M or -63.1%), Turkey ($-341M or -84.6%), and Canada ($-264M or -43.5%). In January 2021, the decrease in Aircraft Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-159M or -60.5%), Mexico ($-59.1M or -52%), and Italy ($-53.7M or -52.6%).

Subnational Monthly Trade

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Flow

Value

EXPORT GROWTH (January 2020 - January 2021): $-3.53B, (-39.9%)

IMPORT GROWTH (January 2020 - January 2021): $-528M, (-34.2%)

MAIN EXPORTER (January 2021): Washington, $738M

MAIN DESTINATION (January 2021): United Kingdom, $693M

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.

Product Trade

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Trade Balance

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Year

Value

EXPORTS (2019): $16.3B

IMPORTS (2019): $21.6B

NET TRADE (2019): -$5.26B

In 2019, United States exported $16.3B in Aircraft Parts. The main destinations of United States exports on Aircraft Parts were Canada ($2.64B), Singapore ($1.37B), Saudi Arabia ($1.18B), Japan ($1.01B), and United Kingdom ($1B).

In 2019, United States imported $21.6B in Aircraft Parts, mainly from Japan ($3.99B), United Kingdom ($2.59B), France ($2.46B), Canada ($2.45B), and Italy ($1.63B).

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