HS Icon 25 KN onClick=titleClick(0)>Turbo-jet engines of a thrust > 25 KN

841112 (Harmonized System 1992 for 6-digit)

World Trade (2018): $55.3B, Rnk 36 / 4726

Top Exporter (2018): $11.9B, United Kingdom

Top Importer (2018): $10.2B, United States

Product Complexity (2018): 0.3, Rnk 2080 / 4873

Export Growth (CAGR)(2017 - 2018): 38%, Rnk 527 / 4726

Mean Tariff (2018): 2.35%, Rnk 6046 / 6538

Share of World Trade (2018): 0.3%, Rnk 36 / 4726

Overview:  This page contains the latest trade data of Turbo-jet engines of a thrust > 25 KN. In 2018, Turbo-jet engines of a thrust > 25 KN were the world's 36th most traded product, with a total trade of $55.3B. Between 2017 and 2018 the exports of Turbo-jet engines of a thrust > 25 KN grew by 38%, from  $40.1B to $55.3B. Trade in Turbo-jet engines of a thrust > 25 KN represent 0.3% of total world trade.

Exports: In 2018 the top exporters of Turbo-jet engines of a thrust > 25 KN  were United Kingdom ($11.9B), United States ($8.82B), France ($5.45B), Germany ($5.02B), and Singapore ($4.58B).

Imports: In 2018 the top importers of Turbo-jet engines of a thrust > 25 KN were United States ($10.2B), China ($4.51B), Hong Kong ($3.44B), United Arab Emirates ($3.29B), and India ($2.85B).

Tariffs: In 2018 the average tariff for Turbo-jet engines of a thrust > 25 KN was 2.35%, been the 6046 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Turbo-jet engines of a thrust > 25 KN are Bermuda (25%), Maldives (19.6%), Cambodia (15%), Aruba (12%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Turbo-jet engines of a thrust > 25 KN ranks 2080th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $11.9B

Top Destination (2018): United States, $10.2B

Turbo-jet engines of a thrust > 25 KN are the world's 36th most traded product.

In 2018, the top exporters of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($11.9B), United States ($8.82B), France ($5.45B), Germany ($5.02B), and Singapore ($4.58B).

In 2018, the top importers of Turbo-jet engines of a thrust > 25 KN were United States ($10.2B), China ($4.51B), Hong Kong ($3.44B), United Arab Emirates ($3.29B), and India ($2.85B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $3.36B

Top Destination Growth (2017 - 2018): United States, $4.77B

Between 2017 and 2018, the exports of Turbo-jet engines of a thrust > 25 KN grew the fastest in United Kingdom ($3.36B), Singapore ($2.47B), France ($1.98B), Germany ($1.7B), and Chinese Taipei ($1.38B).

Between 2017 and 2018, the fastest growing importers of Turbo-jet engines of a thrust > 25 KN were United States ($4.77B), Chinese Taipei ($1.97B), Singapore ($1.26B), India ($984M), and South Korea ($840M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Turbo-jet engines of a thrust > 25 KN.

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Turbo-jet engines of a thrust > 25 KN are explained by 14 countries.

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TOP NET EXPORTER (2018): United Kingdom, $9.7B

TOP NET IMPORTER (2018): China, $3.22B

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 2018.

In 2018, 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 ($9.7B), Germany ($2.94B), Singapore ($2.85B), France ($2.65B), and Canada ($1.42B).

In 2018, the countries that had a largest trade value in imports than in exports of Turbo-jet engines of a thrust > 25 KN were China ($3.22B), United Arab Emirates ($2.86B), Japan ($2.39B), United States ($1.34B), and South Korea ($1.1B).

Trade Forecasts

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This section shows forecasts for total trade for Turbo-jet engines of a thrust > 25 KN. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Turbo-jet engines of a thrust > 25 KN was 2.35%.  The countries with the highest tariffs for importing Turbo-jet engines of a thrust > 25 KN were Bermuda (25%), Maldives (19.6%), Cambodia (15%), Aruba (12%), and Nepal (9.89%).

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Product Complexity

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Diversification Frontier

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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.