HS Icon Planes, Helicopters, and/or Spacecraft

8802 (Harmonized System 1992 for 4-digit)

World Trade (2018): $169B, Rnk 13 / 1225

Top Exporter (2018): $57.9B, United States

Top Importer (2018): $28.3B, China

Product Complexity (2018): 0.53, Rnk 357 / 1018

Export Growth (CAGR)(2017 - 2018): -0.51%, Rnk 1091 / 1225

Mean Tariff (2018): 3.28%, Rnk 1108 / 1259

Share of World Trade (2018): 0.92%, Rnk 13 / 1225

Overview: In 2018, Planes, Helicopters, and/or Spacecraft were the world's 13th most traded product, with a total trade of $169B. Between 2017 and 2018 the exports of Planes, Helicopters, and/or Spacecraft decreased by -0.51%, from  $170B to $169B. Trade in Planes, Helicopters, and/or Spacecraft represent 0.92% of total world trade.

Exports: In 2018 the top exporters of Planes, Helicopters, and/or Spacecraft  were United States ($57.9B), France ($43.8B), Germany ($30.9B), Canada ($6.98B), and Brazil ($4.01B).

Imports: In 2018 the top importers of Planes, Helicopters, and/or Spacecraft were China ($28.3B), United States ($14.6B), Ireland ($11.1B), Germany ($8.53B), and France ($8.05B).

Tariffs: In 2018 the average tariff for Planes, Helicopters, and/or Spacecraft was 3.28%, been the 1108 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Planes, Helicopters, and/or Spacecraft are Syria (27.6%), Bermuda (25%), Maldives (24.6%), Mozambique (14.3%), and Bahamas (14.1%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Ranking: Planes, Helicopters, and/or Spacecraft ranks 357th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $57.9B

Top Destination (2018): China, $28.3B

Planes, Helicopters, and/or Spacecraft are the world's 13th most traded product.

In 2018, the top exporters of Planes, Helicopters, and/or Spacecraft were United States ($57.9B), France ($43.8B), Germany ($30.9B), Canada ($6.98B), and Brazil ($4.01B).

In 2018, the top importers of Planes, Helicopters, and/or Spacecraft were China ($28.3B), United States ($14.6B), Ireland ($11.1B), Germany ($8.53B), and France ($8.05B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $3.92B

Top Destination Growth (2017 - 2018): China, $4.24B

Between 2017 and 2018, the exports of Planes, Helicopters, and/or Spacecraft grew the fastest in United States ($3.92B), Germany ($3.69B), China ($1.05B), United Arab Emirates ($573M), and Japan ($484M).

Between 2017 and 2018, the fastest growing importers of Planes, Helicopters, and/or Spacecraft were China ($4.24B), Singapore ($3.22B), Qatar ($2.63B), India ($2.19B), and Japan ($2.03B).

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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 Planes, Helicopters, and/or Spacecraft.

In 2018,  market concentration measured using Shannon Entropy, was 2.9. This means that most of the exports of Planes, Helicopters, and/or Spacecraft are explained by 7 countries.

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TOP NET EXPORTER (2018): United States, $43.3B

TOP NET IMPORTER (2018): China, $26.4B

This map shows which countries export or import more of Planes, Helicopters, and/or Spacecraft. Each country is colored based on the difference in exports and imports of Planes, Helicopters, and/or Spacecraft during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Planes, Helicopters, and/or Spacecraft were United States ($43.3B), France ($35.8B), Germany ($22.4B), Canada ($3.42B), and Brazil ($2.45B).

In 2018, the countries that had a largest trade value in imports than in exports of Planes, Helicopters, and/or Spacecraft were China ($26.4B), Ireland ($8.15B), India ($5.33B), Japan ($4.92B), and Singapore ($4.67B).

Trade Forecasts

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This section shows forecasts for total trade for Planes, Helicopters, and/or Spacecraft. 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 Planes, Helicopters, and/or Spacecraft was 3.28%.  The countries with the highest tariffs for importing Planes, Helicopters, and/or Spacecraft were Syria (27.6%), Bermuda (25%), Maldives (24.6%), Mozambique (14.3%), and Bahamas (14.1%).

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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.