Turbo-jet engines of a thrust > 25 KN841112 (Harmonized System 1992 for 6-digit)
2020 World Trade: $54.1B, Rnk 39 / 4613
2020 Top Exporter | Top Importer: $8.79B | $8.18B, United Kingdom | United States
2020 Product Complexity: 0.48, Rnk 1681 / 4783
2019 - 2020 Export Growth (CAGR): -14.5%, Rnk 3067 / 4613
2018 Mean Tariff: 2.31%, Rnk 6156 / 6538
2020 Share of World Trade: 0.32%, Rnk 39 / 4613
Overview This page contains the latest trade data of Turbo-jet engines of a thrust > 25 KN. In 2020, Turbo-jet engines of a thrust > 25 KN were the world's 39th most traded product, with a total trade of $54.1B. Between 2019 and 2020 the exports of Turbo-jet engines of a thrust > 25 KN decreased by -14.5%, from $63.3B to $54.1B. Trade in Turbo-jet engines of a thrust > 25 KN represent 0.32% of total world trade.
Turbo-jet engines of a thrust > 25 KN are a part of Gas Turbines.
Exports In 2020 the top exporters of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($8.79B), United States ($8.62B), Hong Kong ($6.4B), France ($6.12B), and Singapore ($5.76B).
Imports In 2020 the top importers of Turbo-jet engines of a thrust > 25 KN were United States ($8.18B), China ($6.72B), Germany ($4.22B), Hong Kong ($3.92B), and United Kingdom ($3.54B).
Tariffs In 2018 the average tariff for Turbo-jet engines of a thrust > 25 KN was 2.31%, making it the 6156th lowest tariff using the HS6 product classification.
Ranking Turbo-jet engines of a thrust > 25 KN ranks 1681st in the Product Complexity Index (PCI).
Description A turbojet engine is a type of gas turbine engine that works by compressing air with a rotary compressor and then mixing it with fuel outside the engine, where it is ignited and the mixture is burnt. The hot gases that are created spin a turbine, which is connected to a shaft that runs the compressor, which then does a loop that goes around the engine. The hot gases are then either used to produce thrust in a nozzle or accelerated through a propelling nozzle to produce thrust. A turbojet engine is a type of gas turbine engine that works by compressing air with
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 (2020): United Kingdom, $8.79B
Top Destination (2020): United States, $8.18B
Turbo-jet engines of a thrust > 25 KN are the world's 39th most traded product.
In 2020, the top exporters of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($8.79B), United States ($8.62B), Hong Kong ($6.4B), France ($6.12B), and Singapore ($5.76B).
In 2020, the top importers of Turbo-jet engines of a thrust > 25 KN were United States ($8.18B), China ($6.72B), Germany ($4.22B), Hong Kong ($3.92B), and United Kingdom ($3.54B).
Trade by country
Top Origin Growth (2019 - 2020): Hong Kong, $1.46B
Top Destination Growth (2019 - 2020): United Kingdom, $1.45B
Between 2019 and 2020, the exports of Turbo-jet engines of a thrust > 25 KN grew the fastest in Hong Kong ($1.46B), South Korea ($371M), Vietnam ($288M), Singapore ($200M), and Ethiopia ($199M).
Between 2019 and 2020, the fastest growing importers of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($1.45B), Singapore ($1.19B), Hong Kong ($1.07B), Ireland ($547M), and China ($352M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Turbo-jet engines of a thrust > 25 KN.
In 2020, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Turbo-jet engines of a thrust > 25 KN are explained by 15 countries.
TOP NET EXPORTER (2020): United Kingdom, $5.25B
TOP NET IMPORTER (2020): China, $5.91B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($5.25B), France ($3.27B), Singapore ($2.52B), Hong Kong ($2.48B), and Russia ($1.1B).
In 2020, the countries that had a largest trade value in imports than in exports of Turbo-jet engines of a thrust > 25 KN were China ($5.91B), Japan ($1.83B), United Arab Emirates ($1.14B), Qatar ($1.02B), and Brazil ($698M).
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb