Aircraft Parts in United States

2019
Exports | Imports
: $16.3B | $21.6B, World Rnk 1 / 215
Flag Rnk 17 / 1217 | World Rnk 1 / 217
Flag Rnk 17 / 1215

2019
Destination | Origin
: $2.64B | $3.99B, Canada | Japan

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $387M | $561M, Canada |  France

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Aircraft Parts
: 0.44, Rnk 392 / 1029

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).

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.

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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IN 2019, United States HAD A POSITIVE NET TRADE IN Aircraft Parts WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Aircraft Parts WITH:

Flow

THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY United States WERE (2018 - 2019):

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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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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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