HS Icon Aircraft parts nes

880330 (Harmonized System 1992 for 6-digit)

World Trade (2018): $75.4B, Rnk 24 / 4726

Top Exporter (2018): $13.9B, United Kingdom

Top Importer (2018): $17B, United States

Export Growth (CAGR)(2017 - 2018): 6.88%, Rnk 3108 / 4726

Mean Tariff (2018): 1.84%, Rnk 6240 / 6538

Share of World Trade (2018): 0.41%, Rnk 24 / 4726

Overview:  This page contains the latest trade data of Aircraft parts nes. In 2018, Aircraft parts nes were the world's 24th most traded product, with a total trade of $75.4B. Between 2017 and 2018 the exports of Aircraft parts nes grew by 6.88%, from  $70.6B to $75.4B. Trade in Aircraft parts nes represent 0.41% of total world trade.

Exports: In 2018 the top exporters of Aircraft parts nes  were United Kingdom ($13.9B), United States ($10.4B), Germany ($9.71B), France ($6.76B), and Japan ($4.18B).

Imports: In 2018 the top importers of Aircraft parts nes were United States ($17B), France ($14.7B), Germany ($9.76B), United Kingdom ($3.91B), and Singapore ($2.81B).

Tariffs: In 2018 the average tariff for Aircraft parts nes was 1.84%, been the 6240 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aircraft parts nes are Bermuda (25%), Maldives (24.6%), Cambodia (15%), Panama (10%), and Haiti (10%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $13.9B

Top Destination (2018): United States, $17B

Aircraft parts nes are the world's 24th most traded product.

In 2018, the top exporters of Aircraft parts nes were United Kingdom ($13.9B), United States ($10.4B), Germany ($9.71B), France ($6.76B), and Japan ($4.18B).

In 2018, the top importers of Aircraft parts nes were United States ($17B), France ($14.7B), Germany ($9.76B), United Kingdom ($3.91B), and Singapore ($2.81B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $5.43B

Top Destination Growth (2017 - 2018): Germany, $2.35B

Between 2017 and 2018, the exports of Aircraft parts nes grew the fastest in United Kingdom ($5.43B), Singapore ($968M), Spain ($854M), United Arab Emirates ($807M), and Italy ($512M).

Between 2017 and 2018, the fastest growing importers of Aircraft parts nes were Germany ($2.35B), United States ($2.1B), China ($836M), Hong Kong ($452M), and Saudi Arabia ($403M).

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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 nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Aircraft parts nes are explained by 19 countries.

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TOP NET EXPORTER (2018): United Kingdom, $9.96B

TOP NET IMPORTER (2018): France, $7.98B

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

In 2018, the countries that had a largest trade value in exports than in imports of Aircraft parts nes were United Kingdom ($9.96B), Japan ($2.62B), Spain ($1.33B), Italy ($1.21B), and South Korea ($938M).

In 2018, the countries that had a largest trade value in imports than in exports of Aircraft parts nes were France ($7.98B), United States ($6.52B), Saudi Arabia ($1.27B), China ($913M), and Hong Kong ($486M).

Trade Forecasts

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This section shows forecasts for total trade for Aircraft parts nes. 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 nes was 1.84%.  The countries with the highest tariffs for importing Aircraft parts nes were Bermuda (25%), Maldives (24.6%), Cambodia (15%), Panama (10%), and Haiti (10%).

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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.