Aircraft Parts8803 (Harmonized System 1992 for 4-digit)
2020 World Trade: $65.8B, Rnk 39 / 1217
2020 Top Exporter | Top Importer: $12.5B | $15.1B, United States | United States
2020 Product Complexity: 0.8, Rnk 237 / 1028
2019 - 2020 Export Growth (CAGR): -27.7%, Rnk 1127 / 1217
2018 Mean Tariff: 2.03%, Rnk 1241 / 1259
2020 Share of World Trade: 0.39%, Rnk 39 / 1217
Overview This page contains the latest trade data of Aircraft Parts. In 2020, Aircraft Parts were the world's 39th most traded product, with a total trade of $65.8B. Between 2019 and 2020 the exports of Aircraft Parts decreased by -27.7%, from $91B to $65.8B. Trade in Aircraft Parts represent 0.39% of total world trade.
Aircraft Parts are a part of Aircraft, spacecraft and parts thereof. They include Aircraft parts nes, Aircraft under-carriages and parts thereof, Parts of balloons, dirigibles, spacecraft, and Aircraft propellers, rotors and parts thereof.
Exports In 2020 the top exporters of Aircraft Parts were United States ($12.5B), United Kingdom ($10.2B), Germany ($7.79B), France ($6.22B), and Japan ($3.15B).
Imports In 2020 the top importers of Aircraft Parts were United States ($15.1B), France ($10.2B), Germany ($7.14B), Canada ($3.6B), and United Kingdom ($3.37B).
Tariffs In 2018 the average tariff for Aircraft Parts was 2.03%, making it the 1241st lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Aircraft Parts are Bermuda (25%), Bahamas (24.5%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).
Ranking Aircraft Parts ranks 237th in the Product Complexity Index (PCI).
Description Parts of aircraft and spacecraft are used in the production of other goods. They can be made from a variety of materials, including aluminum, carbon fiber, titanium, and stainless steel.
The following visualization shows the latest trends on Aircraft Parts. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $12.5B
Top Destination (2020): United States, $15.1B
Aircraft Parts are the world's 39th most traded product.
In 2020, the top exporters of Aircraft Parts were United States ($12.5B), United Kingdom ($10.2B), Germany ($7.79B), France ($6.22B), and Japan ($3.15B).
In 2020, the top importers of Aircraft Parts were United States ($15.1B), France ($10.2B), Germany ($7.14B), Canada ($3.6B), and United Kingdom ($3.37B).
Trade by country
Top Origin Growth (2019 - 2020): Saudi Arabia, $150M
Top Destination Growth (2019 - 2020): Egypt, $56M
Between 2019 and 2020, the exports of Aircraft Parts grew the fastest in Saudi Arabia ($150M), Ethiopia ($34.5M), Cyprus ($15.7M), Jordan ($14.3M), and Egypt ($9.83M).
Between 2019 and 2020, the fastest growing importers of Aircraft Parts were Egypt ($56M), Poland ($53.9M), Nigeria ($39.1M), Serbia ($37.9M), and Hungary ($21.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Aircraft Parts.
In 2020, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Aircraft Parts are explained by 19 countries.
TOP NET EXPORTER (2020): United Kingdom, $6.83B
TOP NET IMPORTER (2020): France, $3.94B
This map shows which countries export or import more of Aircraft Parts. Each country is colored based on the difference in exports and imports of Aircraft Parts during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Aircraft Parts were United Kingdom ($6.83B), Japan ($1.38B), Italy ($861M), Spain ($670M), and Germany ($645M).
In 2020, the countries that had a largest trade value in imports than in exports of Aircraft Parts were France ($3.94B), United States ($2.66B), China ($1.11B), Canada ($1.01B), and Saudi Arabia ($991M).
In 2019, the world most traded Aircraft Parts, disaggragated by their HS6 level were Aircraft parts nes ($54.9B), Aircraft under-carriages and parts thereof ($6.03B), Parts of balloons, dirigibles, spacecraft ($3.31B), and Aircraft propellers, rotors and parts thereof ($1.54B)
This visualization shows the countries that have an important ratio of their trade related to Aircraft Parts. It is possible to select the main countries that export or import Aircraft Parts in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Aircraft Parts was 2.03%. The countries with the highest tariffs for importing Aircraft Parts were Bermuda (25%), Bahamas (24.5%), and Maldives (24.5%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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