HS Icon Parts of turbo-jet or turbo-propeller engines

841191 (Harmonized System 1992 for 6-digit)

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.

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Y-AXIS SCALE

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.

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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, $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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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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).

Country Comparison

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Ranking

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.

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.