HS Icon Aircraft Parts

8803 (Harmonized System 1992 for 4-digit)

World Trade (2018): $88.8B, Rnk 29 / 1225

Top Exporter (2018): $15.4B, United Kingdom

Top Importer (2018): $19.4B, United States

Product Complexity (2018): 0.44, Rnk 398 / 1018

Export Growth (CAGR)(2017 - 2018): 8.15%, Rnk 861 / 1225

Mean Tariff (2018): 2.04%, Rnk 1231 / 1259

Share of World Trade (2018): 0.48%, Rnk 29 / 1225

Overview:  This page contains the latest trade data of Aircraft Parts. 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).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $15.4B

Top Destination (2018): United States, $19.4B

Aircraft Parts are the world's 29th most traded product.

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).

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $5.6B

Top Destination Growth (2017 - 2018): Germany, $2.46B

Between 2017 and 2018, the exports of Aircraft Parts grew the fastest in United Kingdom ($5.6B), Singapore ($1.05B), Spain ($914M), United Arab Emirates ($838M), and Italy ($602M).

Between 2017 and 2018, the fastest growing importers of Aircraft Parts were Germany ($2.46B), United States ($2.41B), China ($1.05B), United Arab Emirates ($460M), and Saudi Arabia ($442M).

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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 Aircraft Parts.

In 2018,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Aircraft Parts are explained by 19 countries.

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TOP NET EXPORTER (2018): United Kingdom, $10.2B

TOP NET IMPORTER (2018): France, $7.61B

This map shows which countries export or import more of Aircraft Parts. Each country is colored based on the difference in exports and imports of Aircraft Parts during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Aircraft Parts were United Kingdom ($10.2B), Japan ($2.39B), Spain ($1.38B), Italy ($1.24B), and Canada ($1.18B).

In 2018, the countries that had a largest trade value in imports than in exports of Aircraft Parts were France ($7.61B), United States ($6.63B), Saudi Arabia ($1.4B), China ($1.33B), and Hong Kong ($634M).

Trade Forecasts

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This section shows forecasts for total trade for Aircraft Parts. 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 Aircraft Parts was 2.04%.  The countries with the highest tariffs for importing Aircraft Parts were Bermuda (25%), Bahamas (24.5%), Maldives (24.5%), Panama (13.8%), and Cambodia (12.5%).

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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.