Overview: In 2018, Aircraft Parts were the world's 29th most traded product, with a total trade of $88.8B. Between 2017 and 2018 the exports of Aircraft Parts grew by 8.15%, from $82.1B to $88.8B. Trade in Aircraft Parts represent 0.48% of total world trade.
Exports: In 2018 the top exporters of Aircraft Parts were United Kingdom ($15.4B), United States ($12.8B), Germany ($11.3B), France ($8.72B), and Japan ($4.3B).
Imports: In 2018 the top importers of Aircraft Parts were United States ($19.4B), France ($16.3B), Germany ($11.1B), United Kingdom ($5.12B), and China ($3.49B).
Tariffs: In 2018 the average tariff for Aircraft Parts was 2.04%, been the 1231 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Aircraft Parts are Bermuda (25%), Bahamas (24.5%), Maldives (24.5%), Panama (13.8%), and Cambodia (12.5%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).
Ranking: Aircraft Parts ranks 398th in the Product Complexity Index (PCI).