HS Icon Seats, aircraft

940110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.97B, Rnk 1339 / 4726

Top Exporter (2018): $820M, United Kingdom

Top Importer (2018): $612M, United States

Product Complexity (2018): 1.46, Rnk 251 / 4873

Export Growth (CAGR)(2017 - 2018): 29.8%, Rnk 817 / 4726

Mean Tariff (2018): 10.2%, Rnk 2196 / 6538

Share of World Trade (2018): 0.011%, Rnk 1339 / 4726

Overview:  This page contains the latest trade data of Seats, aircraft. In 2018, Seats, aircraft were the world's 1339th most traded product, with a total trade of $1.97B. Between 2017 and 2018 the exports of Seats, aircraft grew by 29.8%, from  $1.52B to $1.97B. Trade in Seats, aircraft represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Seats, aircraft  were United Kingdom ($820M), United States ($357M), Germany ($333M), France ($111M), and China ($106M).

Imports: In 2018 the top importers of Seats, aircraft were United States ($612M), France ($358M), China ($225M), Germany ($160M), and Hong Kong ($87.7M).

Tariffs: In 2018 the average tariff for Seats, aircraft was 10.2%, been the 2196 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Seats, aircraft are Syria (46%), Bahamas (41.1%), Bolivia (38.5%), Cambodia (35%), and Sudan (35%). The countries with the lowest tariffs are Ethiopia (0%), Mauritius (0%), South Africa (0%), Armenia (0%), and China (0%).

Ranking: Seats, aircraft ranks 251st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $820M

Top Destination (2018): United States, $612M

Seats, aircraft are the world's 1339th most traded product.

In 2018, the top exporters of Seats, aircraft were United Kingdom ($820M), United States ($357M), Germany ($333M), France ($111M), and China ($106M).

In 2018, the top importers of Seats, aircraft were United States ($612M), France ($358M), China ($225M), Germany ($160M), and Hong Kong ($87.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $155M

Top Destination Growth (2017 - 2018): France, $189M

Between 2017 and 2018, the exports of Seats, aircraft grew the fastest in Germany ($155M), United Kingdom ($145M), United States ($106M), China ($64.9M), and Italy ($27M).

Between 2017 and 2018, the fastest growing importers of Seats, aircraft were France ($189M), China ($106M), Hong Kong ($38.9M), Germany ($30.1M), and Qatar ($30M).

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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 Seats, aircraft.

In 2018,  market concentration measured using Shannon Entropy, was 2.7. This means that most of the exports of Seats, aircraft are explained by 6 countries.

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TOP NET EXPORTER (2018): United Kingdom, $782M

TOP NET IMPORTER (2018): United States, $255M

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

In 2018, the countries that had a largest trade value in exports than in imports of Seats, aircraft were United Kingdom ($782M), Germany ($172M), Italy ($54.6M), Poland ($31.9M), and Japan ($15.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Seats, aircraft were United States ($255M), France ($246M), China ($119M), Hong Kong ($86.3M), and Singapore ($58.8M).

Trade Forecasts

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This section shows forecasts for total trade for Seats, aircraft. 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 Seats, aircraft was 10.2%.  The countries with the highest tariffs for importing Seats, aircraft were Syria (46%), Bahamas (41.1%), Bolivia (38.5%), Cambodia (35%), and Sudan (35%).

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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.