Aircraft Parts8803 (Harmonized System 1992 for 4-digit)
2019 World Trade: $93.9B, Rnk 27 / 1217
2019 Top Exporter | Top Importer: $16.3B | $21.6B, United States | United States
2019 Product Complexity: 0.6, Rnk 302 / 961
2018 - 2019 Export Growth (CAGR): 2.72%, Rnk 236 / 1217
2018 Mean Tariff: 2.04%, Rnk 1231 / 1259
2019 Share of World Trade: 0.52%, Rnk 27 / 1217
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.
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).
Trade by country
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).
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.
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).
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)
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.
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