Parts of turbo-jet or turbo-propeller engines841191 (Harmonized System 1992 for 6-digit)
2020 World Trade: $41.7B, Rnk 56 / 4613
2020 Top Exporter | Top Importer: $10.7B | $11.6B, United States | United States
2020 Product Complexity: 1.26, Rnk 442 / 4783
2019 - 2020 Export Growth (CAGR): -27.8%, Rnk 4154 / 4613
2018 Mean Tariff: 2.29%, Rnk 6170 / 6538
2020 Share of World Trade: 0.25%, Rnk 56 / 4613
Overview This page contains the latest trade data of Parts of turbo-jet or turbo-propeller engines. In 2020, Parts of turbo-jet or turbo-propeller engines were the world's 56th most traded product, with a total trade of $41.7B. Between 2019 and 2020 the exports of Parts of turbo-jet or turbo-propeller engines decreased by -27.8%, from $57.7B to $41.7B. Trade in Parts of turbo-jet or turbo-propeller engines represent 0.25% of total world trade.
Parts of turbo-jet or turbo-propeller engines are a part of Gas Turbines.
Exports In 2020 the top exporters of Parts of turbo-jet or turbo-propeller engines were United States ($10.7B), United Kingdom ($7.52B), France ($3.81B), Germany ($2.52B), and Japan ($2.5B).
Imports In 2020 the top importers of Parts of turbo-jet or turbo-propeller engines were United States ($11.6B), Singapore ($3.96B), United Kingdom ($3.54B), Hong Kong ($3.23B), and Germany ($2.59B).
Tariffs In 2018 the average tariff for Parts of turbo-jet or turbo-propeller engines was 2.29%, making it the 6170th lowest tariff using the HS6 product classification.
Ranking Parts of turbo-jet or turbo-propeller engines ranks 442nd in the Product Complexity Index (PCI).
Description A jet engine is a reaction engine that produces thrust by emitting a jet of fluid (such as water, steam, or exhaust gas) at high speed. The jet engine has no moving parts. The fluid is accelerated by a nozzle and exits the rear of the engine at a high speed. The pressure of the fluid exiting the nozzle can reach as high as 100 pounds per square inch. A turbojet engine is a type of jet engine that works by compressing air with a turbine, mixing it with fuel, and igniting it to create thrust.
The following visualization shows the latest trends on Parts of turbo-jet or turbo-propeller engines. 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, $10.7B
Top Destination (2020): United States, $11.6B
Parts of turbo-jet or turbo-propeller engines are the world's 56th most traded product.
In 2020, the top exporters of Parts of turbo-jet or turbo-propeller engines were United States ($10.7B), United Kingdom ($7.52B), France ($3.81B), Germany ($2.52B), and Japan ($2.5B).
In 2020, the top importers of Parts of turbo-jet or turbo-propeller engines were United States ($11.6B), Singapore ($3.96B), United Kingdom ($3.54B), Hong Kong ($3.23B), and Germany ($2.59B).
Trade by country
Top Origin Growth (2019 - 2020): United States, $2.18B
Top Destination Growth (2019 - 2020): Hong Kong, $60.1M
Between 2019 and 2020, the exports of Parts of turbo-jet or turbo-propeller engines grew the fastest in United States ($2.18B), Saudi Arabia ($22.8M), United Arab Emirates ($22.3M), Egypt ($15.1M), and Australia ($13.3M).
Between 2019 and 2020, the fastest growing importers of Parts of turbo-jet or turbo-propeller engines were Hong Kong ($60.1M), United Kingdom ($36.6M), Australia ($23M), Malaysia ($13.6M), and Argentina ($11.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Parts of turbo-jet or turbo-propeller engines.
In 2020, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Parts of turbo-jet or turbo-propeller engines are explained by 13 countries.
TOP NET EXPORTER (2020): United Kingdom, $3.98B
TOP NET IMPORTER (2020): Hong Kong, $3.11B
This map shows which countries export or import more of Parts of turbo-jet or turbo-propeller engines. Each country is colored based on the difference in exports and imports of Parts of turbo-jet or turbo-propeller engines during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Parts of turbo-jet or turbo-propeller engines were United Kingdom ($3.98B), France ($1.27B), Poland ($993M), Japan ($984M), and Italy ($712M).
In 2020, the countries that had a largest trade value in imports than in exports of Parts of turbo-jet or turbo-propeller engines were Hong Kong ($3.11B), Singapore ($2.49B), United States ($916M), United Arab Emirates ($680M), and Brazil ($481M).
This visualization shows the countries that have an important ratio of their trade related to Parts of turbo-jet or turbo-propeller engines. It is possible to select the main countries that export or import Parts of turbo-jet or turbo-propeller engines in the world, or by continent, as well as select the measure of interest.
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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