HS Icon Turbo-jet engines of a thrust > 25 KN

841112 (Harmonized System 1992 for 6-digit)

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

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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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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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).

Country Comparison

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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.

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.