Turbo-jet engines of a thrust < 25 KN841111 (Harmonized System 1992 for 6-digit)
2021 World Trade: $1.31B, Rnk 1848 / 4641
2021 Top Exporter | Top Importer: $323M | $335M, United States | United States
2021 Product Complexity: 0.87, Rnk 963 / 4648
2020 - 2021 Export Growth (CAGR): 23.9%, Rnk 1892 / 4641
2018 Mean Tariff: 2.54%, Rnk 6063 / 6538
2021 Share of World Trade: <0.01%, Rnk 1848 / 4641
Overview This page contains the latest trade data of Turbo-jet engines of a thrust < 25 KN. In 2021, Turbo-jet engines of a thrust < 25 KN were the world's 1848th most traded product, with a total trade of $1.31B. Between 2020 and 2021 the exports of Turbo-jet engines of a thrust < 25 KN grew by 23.9%, from $1.05B to $1.31B. Trade in Turbo-jet engines of a thrust < 25 KN represent 0.000062% of total world trade.
Turbo-jet engines of a thrust < 25 KN are a part of Gas Turbines.
Exports In 2021 the top exporters of Turbo-jet engines of a thrust < 25 KN were United States ($323M), Canada ($269M), Ukraine ($200M), United Kingdom ($189M), and Germany ($72.3M).
Imports In 2021 the top importers of Turbo-jet engines of a thrust < 25 KN were United States ($335M), China ($213M), Canada ($146M), Switzerland ($63.5M), and Germany ($57.2M).
Tariffs In 2018 the average tariff for Turbo-jet engines of a thrust < 25 KN was 2.54%, making it the 6063rd lowest tariff using the HS6 product classification.
Ranking Turbo-jet engines of a thrust < 25 KN ranks 963rd in the Product Complexity Index (PCI).
Description A turbo-jet engine is a type of gas turbine engine that extracts energy from the engine exhaust. The engine is often used to power aircraft for short distances such as commuter flights.
The following visualization shows the latest trends on Turbo-jet engines of a thrust < 25 KN. 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 (2021): United States, $323M
Top Destination (2021): United States, $335M
Turbo-jet engines of a thrust < 25 KN are the world's 1848th most traded product.
In 2021, the top exporters of Turbo-jet engines of a thrust < 25 KN were United States ($323M), Canada ($269M), Ukraine ($200M), United Kingdom ($189M), and Germany ($72.3M).
In 2021, the top importers of Turbo-jet engines of a thrust < 25 KN were United States ($335M), China ($213M), Canada ($146M), Switzerland ($63.5M), and Germany ($57.2M).
Trade by country
Top Origin Growth (2020 - 2021): United Kingdom, $160M
Top Destination Growth (2020 - 2021): United States, $90.7M
Between 2020 and 2021, the exports of Turbo-jet engines of a thrust < 25 KN grew the fastest in United Kingdom ($160M), Canada ($79M), Ukraine ($41.1M), Germany ($29.8M), and Russia ($24.4M).
Between 2020 and 2021, the fastest growing importers of Turbo-jet engines of a thrust < 25 KN were United States ($90.7M), Netherlands ($47.1M), China ($44.6M), Turkey ($29.8M), and Switzerland ($29.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Turbo-jet engines of a thrust < 25 KN.
In 2021, market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Turbo-jet engines of a thrust < 25 KN are explained by 9 countries.
This map shows which countries export or import more of Turbo-jet engines of a thrust < 25 KN. Each country is colored based on the difference in exports and imports of Turbo-jet engines of a thrust < 25 KN during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Turbo-jet engines of a thrust < 25 KN were Ukraine ($198M), United Kingdom ($153M), Canada ($123M), South Korea ($18.1M), and Australia ($16.6M).
In 2021, the countries that had a largest trade value in imports than in exports of Turbo-jet engines of a thrust < 25 KN were China ($210M), Switzerland ($61.3M), Qatar ($56M), Netherlands ($42.5M), and Turkey ($36.3M).
This visualization shows the countries that have an important ratio of their trade related to Turbo-jet engines of a thrust < 25 KN. It is possible to select the main countries that export or import Turbo-jet engines of a thrust < 25 KN 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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