HS Icon 1100 kW onClick=titleClick(0)>Turbo-propeller engines of a power > 1100 kW

841122 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.93B, Rnk 1025 / 4726

Top Exporter (2018): $678M, Canada

Top Importer (2018): $451M, United States

Product Complexity (2018): 0.48, Rnk 1721 / 4873

Export Growth (CAGR)(2017 - 2018): -20.9%, Rnk 4527 / 4726

Mean Tariff (2018): 2.47%, Rnk 5992 / 6538

Share of World Trade (2018): 0.016%, Rnk 1025 / 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 1025th most traded product, with a total trade of $2.93B. Between 2017 and 2018 the exports of Turbo-propeller engines of a power > 1100 kW decreased by -20.9%, from  $3.71B to $2.93B. Trade in Turbo-propeller engines of a power > 1100 kW represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Turbo-propeller engines of a power > 1100 kW  were Canada ($678M), United States ($453M), United Kingdom ($424M), Germany ($404M), and Singapore ($298M).

Imports: In 2018 the top importers of Turbo-propeller engines of a power > 1100 kW were United States ($451M), Spain ($377M), Singapore ($327M), India ($288M), and France ($194M).

Tariffs: In 2018 the average tariff for Turbo-propeller engines of a power > 1100 kW was 2.47%, been the 5992 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%).

Ranking: Turbo-propeller engines of a power > 1100 kW ranks 1721st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $678M

Top Destination (2018): United States, $451M

Turbo-propeller engines of a power > 1100 kW are the world's 1025th most traded product.

In 2018, the top exporters of Turbo-propeller engines of a power > 1100 kW were Canada ($678M), United States ($453M), United Kingdom ($424M), Germany ($404M), and Singapore ($298M).

In 2018, the top importers of Turbo-propeller engines of a power > 1100 kW were United States ($451M), Spain ($377M), Singapore ($327M), India ($288M), and France ($194M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $107M

Top Destination Growth (2017 - 2018): United States, $221M

Between 2017 and 2018, the exports of Turbo-propeller engines of a power > 1100 kW grew the fastest in United States ($107M), Singapore ($56.3M), United Kingdom ($44.4M), China ($31.5M), and Netherlands ($26.4M).

Between 2017 and 2018, the fastest growing importers of Turbo-propeller engines of a power > 1100 kW were United States ($221M), Singapore ($211M), India ($77.5M), Vietnam ($49M), and Belgium-Luxembourg ($44.9M).

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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 3.52. This means that most of the exports of Turbo-propeller engines of a power > 1100 kW are explained by 11 countries.

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TOP NET EXPORTER (2018): Canada, $566M

TOP NET IMPORTER (2018): Spain, $334M

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 ($566M), United Kingdom ($380M), Germany ($302M), Ukraine ($138M), and Netherlands ($54.1M).

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 Spain ($334M), India ($274M), France ($105M), South Korea ($61.7M), and Russia ($54.5M).

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 2.47%.  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.