Turbo-jet engines of a thrust > 25 KN841112 (Harmonized System 1992 for 6-digit)
2021 World Trade: $58.7B, Rnk 47 / 4641
2021 Top Exporter | Top Importer: $12.1B | $11.1B, United States | China
2021 Product Complexity: 0.33, Rnk 1978 / 4648
2020 - 2021 Export Growth (CAGR): 8.37%, Rnk 3592 / 4641
2018 Mean Tariff: 2.31%, Rnk 6156 / 6538
2021 Share of World Trade: 0.28%, Rnk 47 / 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 47th most traded product, with a total trade of $58.7B. Between 2020 and 2021 the exports of Turbo-jet engines of a thrust > 25 KN grew by 8.37%, from $54.2B to $58.7B. Trade in Turbo-jet engines of a thrust > 25 KN represent 0.28% 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 ($12.1B), United Kingdom ($11.9B), Hong Kong ($7.46B), France ($5.26B), and Singapore ($3.15B).
Imports In 2021 the top importers of Turbo-jet engines of a thrust > 25 KN were China ($11.1B), United States ($6.87B), United Kingdom ($5.26B), Germany ($3.24B), and Hong Kong ($3.22B).
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 1978th 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 (2021): United States, $12.1B
Top Destination (2021): China, $11.1B
Turbo-jet engines of a thrust > 25 KN are the world's 47th most traded product.
In 2021, the top exporters of Turbo-jet engines of a thrust > 25 KN were United States ($12.1B), United Kingdom ($11.9B), Hong Kong ($7.46B), France ($5.26B), and Singapore ($3.15B).
In 2021, the top importers of Turbo-jet engines of a thrust > 25 KN were China ($11.1B), United States ($6.87B), United Kingdom ($5.26B), Germany ($3.24B), and Hong Kong ($3.22B).
Trade by country
Top Origin Growth (2020 - 2021): United States, $3.53B
Top Destination Growth (2020 - 2021): China, $4.33B
Between 2020 and 2021, the exports of Turbo-jet engines of a thrust > 25 KN grew the fastest in United States ($3.53B), United Kingdom ($3.16B), Hong Kong ($1.06B), Poland ($738M), and Russia ($533M).
Between 2020 and 2021, the fastest growing importers of Turbo-jet engines of a thrust > 25 KN were China ($4.33B), United Kingdom ($1.74B), Poland ($730M), Netherlands ($708M), and Chinese Taipei ($633M).
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 3.81. This means that most of the exports of Turbo-jet engines of a thrust > 25 KN are explained by 14 countries.
TOP NET EXPORTER (2021): United Kingdom, $6.66B
TOP NET IMPORTER (2021): China, $10.2B
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 United Kingdom ($6.66B), United States ($5.22B), Hong Kong ($4.24B), France ($2.12B), and Russia ($1.12B).
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 ($10.2B), Brazil ($946M), Qatar ($924M), Japan ($827M), and Chinese Taipei ($805M).
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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