Overview:  This page contains the latest trade data of Aircraft Parts. In 2019, Aircraft Parts were the world's 27th most traded product, with a total trade of $93.9B. Between 2018 and 2019 the exports of Aircraft Parts grew by 2.72%, from $91.4B to $93.9B. Trade in Aircraft Parts represent 0.52% of total world trade.

Exports: In 2019 the top exporters of Aircraft Parts  were United States ($16.3B), United Kingdom ($14.6B), Germany ($11.1B), France ($9.68B), and Japan ($4.63B).

Imports: In 2019 the top importers of Aircraft Parts were United States ($21.6B), France ($15.7B), Germany ($10.9B), Canada ($5.17B), and United Kingdom ($4.94B).

Tariffs: In 2018 the average tariff for Aircraft Parts was 2.04%, making it the 1231st 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 302nd in the Product Complexity Index (PCI).

Description: Parts of aircraft and spacecraft are used in the production of other goods. They can be made from a variety of materials, including aluminum, carbon fiber, titanium, and stainless steel.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $16.3B

Top Destination (2019): United States, $21.6B

Aircraft Parts are the world's 27th most traded product.

In 2019, the top exporters of Aircraft Parts were United States ($16.3B), United Kingdom ($14.6B), Germany ($11.1B), France ($9.68B), and Japan ($4.63B).

In 2019, the top importers of Aircraft Parts were United States ($21.6B), France ($15.7B), Germany ($10.9B), Canada ($5.17B), and United Kingdom ($4.94B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $1.16B

Top Destination Growth (2018 - 2019): United States, $2.19B

Between 2018 and 2019, the exports of Aircraft Parts grew the fastest in United States ($1.16B), France ($921M), Japan ($326M), Canada ($281M), and China ($248M).

Between 2018 and 2019, the fastest growing importers of Aircraft Parts were United States ($2.19B), Canada ($638M), Japan ($211M), Turkey ($207M), and Netherlands ($193M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Aircraft Parts are explained by 19 countries.

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TOP NET EXPORTER (2019): United Kingdom, $9.69B

TOP NET IMPORTER (2019): France, $5.98B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Aircraft Parts were United Kingdom ($9.69B), Japan ($2.52B), Spain ($1.4B), Italy ($1.02B), and South Korea ($1.02B).

In 2019, the countries that had a largest trade value in imports than in exports of Aircraft Parts were France ($5.98B), United States ($5.26B), Canada ($1.67B), Saudi Arabia ($1.55B), and China ($1.01B).

Disaggregation

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Value

In 2019, the world most traded Aircraft Parts, disaggragated by their HS6 level were Aircraft parts nes ($79.7B), Aircraft under-carriages and parts thereof ($8.61B), Parts of balloons, dirigibles, spacecraft ($3.88B), and Aircraft propellers, rotors and parts thereof ($1.7B)

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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Aircraft Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.