HS Icon Turbo-propeller engines of a power < 1100 kW

841121 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.53B, Rnk 1578 / 4726

Top Exporter (2018): $811M, Canada

Top Importer (2018): $609M, United States

Export Growth (CAGR)(2017 - 2018): 11.9%, Rnk 2378 / 4726

Mean Tariff (2018): 2.6%, Rnk 5925 / 6538

Share of World Trade (2018): 0.0083%, Rnk 1578 / 4726

Overview:  This page contains the latest trade data of Turbo-propeller engines of a power < 1100 kW. In 2018, Turbo-propeller engines of a power < 1100 kW were the world's 1578th most traded product, with a total trade of $1.53B. Between 2017 and 2018 the exports of Turbo-propeller engines of a power < 1100 kW grew by 11.9%, from  $1.37B to $1.53B. Trade in Turbo-propeller engines of a power < 1100 kW represent 0.0083% of total world trade.

Exports: In 2018 the top exporters of Turbo-propeller engines of a power < 1100 kW  were Canada ($811M), United States ($244M), Singapore ($95.3M), France ($85.3M), and United Kingdom ($60.6M).

Imports: In 2018 the top importers of Turbo-propeller engines of a power < 1100 kW were United States ($609M), Singapore ($129M), Canada ($82M), Germany ($79.4M), and United Kingdom ($72M).

Tariffs: In 2018 the average tariff for Turbo-propeller engines of a power < 1100 kW was 2.6%, been the 5925 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Turbo-propeller engines of a power < 1100 kW 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $811M

Top Destination (2018): United States, $609M

Turbo-propeller engines of a power < 1100 kW are the world's 1578th most traded product.

In 2018, the top exporters of Turbo-propeller engines of a power < 1100 kW were Canada ($811M), United States ($244M), Singapore ($95.3M), France ($85.3M), and United Kingdom ($60.6M).

In 2018, the top importers of Turbo-propeller engines of a power < 1100 kW were United States ($609M), Singapore ($129M), Canada ($82M), Germany ($79.4M), and United Kingdom ($72M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $120M

Top Destination Growth (2017 - 2018): Singapore, $98.3M

Between 2017 and 2018, the exports of Turbo-propeller engines of a power < 1100 kW grew the fastest in United States ($120M), United Kingdom ($50.7M), Singapore ($43.8M), Germany ($36.2M), and Spain ($28.8M).

Between 2017 and 2018, the fastest growing importers of Turbo-propeller engines of a power < 1100 kW were Singapore ($98.3M), United Kingdom ($39.6M), Saudi Arabia ($27.4M), United States ($26M), and Belgium-Luxembourg ($25.8M).

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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-propeller engines of a power < 1100 kW.

In 2018,  market concentration measured using Shannon Entropy, was 2.62. This means that most of the exports of Turbo-propeller engines of a power < 1100 kW are explained by 6 countries.

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TOP NET EXPORTER (2018): Canada, $729M

TOP NET IMPORTER (2018): United States, $365M

This map shows which countries export or import more of Turbo-propeller engines of a power < 1100 kW. Each country is colored based on the difference in exports and imports of Turbo-propeller engines of a power < 1100 kW during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Turbo-propeller engines of a power < 1100 kW were Canada ($729M), Spain ($27.3M), France ($26.2M), Czechia ($20.7M), and Mexico ($12.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Turbo-propeller engines of a power < 1100 kW were United States ($365M), Switzerland ($65.2M), Italy ($35.1M), Singapore ($33.7M), and New Zealand ($26.5M).

Trade Forecasts

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This section shows forecasts for total trade for Turbo-propeller engines of a power < 1100 kW. 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-propeller engines of a power < 1100 kW was 2.6%.  The countries with the highest tariffs for importing Turbo-propeller engines of a power < 1100 kW 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.