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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

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)

Country Comparison

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Ranking

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.

Import Tariffs

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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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Aircraft Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.