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

PRODUCT COMPLEXITY  IN Aircraft Parts (2018): 0.44, Rnk 398 / 1018

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 October 2020 United States' Aircraft Parts exports accounted up to $6.56B and imports accounted up to $1.18B, resulting in a positive trade balance of $5.37B. Between October 2019 and October 2020 the exports of United States'   Aircraft Parts have decreased by $-4.49B (-40.6%) from $11B to $6.56B, while imports decreased by $-524M (-30.7%) from $1.71B to $1.18B.

Destinations: In October 2020 Aircraft Parts exported mostly to China ($699M), Germany ($655M), France ($575M), United Kingdom ($552M), and Canada ($425M), and imported mostly from Japan ($214M), United Kingdom ($163M), Canada ($154M), France ($116M), and Italy ($93.4M).

Growth: In October 2020, the decrease in Aircraft Parts's year-by-year exports was explained primarily by a decrease in exports to Japan ($-711M or -72.4%), France ($-609M or -51.4%), and Brazil ($-342M or -50.9%). In October 2020, the decrease in Aircraft Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-145M or -40.4%), France ($-64.1M or -35.6%), and Canada ($-63.4M or -29.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (October 2019 - October 2020): $-4.49B, (-40.6%)

IMPORT GROWTH (October 2019 - October 2020): $-524M, (-30.7%)

MAIN EXPORTER (October 2020): Georgia, $773M

MAIN DESTINATION (October 2020): China, $699M

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:

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

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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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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