HS Icon Aircraft parts nes

880330 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $79.7B, Rnk 26 / 4648

2019
Top Exporter | Top Importer
: $13.4B | $18.9B, United States | United States

2019
Product Complexity
: 0.66, Rnk 1378 / 4826

2018 - 2019
Export Growth (CAGR)
: 3.27%, Rnk 975 / 4648

2018
Mean Tariff
: 1.84%, Rnk 6240 / 6538

 2019
Share of World Trade
: 0.44%, Rnk 26 / 4648

Overview:  This page contains the latest trade data of Aircraft parts nes. In 2019, Aircraft parts nes were the world's 26th most traded product, with a total trade of $79.7B. Between 2018 and 2019 the exports of Aircraft parts nes grew by 3.27%, from  $77.2B to $79.7B. Trade in Aircraft parts nes represent 0.44% of total world trade.

Exports: In 2019 the top exporters of Aircraft parts nes  were United States ($13.4B), United Kingdom ($13.1B), Germany ($9.44B), France ($7.67B), and Japan ($4.51B).

Imports: In 2019 the top importers of Aircraft parts nes were United States ($18.9B), France ($14.2B), Germany ($9.51B), United Kingdom ($3.82B), and Canada ($3.79B).

Tariffs: In 2018 the average tariff for Aircraft parts nes was 1.84%, making it the 6240th 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%).

Ranking: Aircraft parts nes ranks 1378th in the Product Complexity Index (PCI).

Description: Aircraft parts are used to repair, replace, or supplement parts that are no longer working on an aircraft.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): United States, $13.4B

Top Destination (2019): United States, $18.9B

Aircraft parts nes are the world's 26th most traded product.

In 2019, the top exporters of Aircraft parts nes were United States ($13.4B), United Kingdom ($13.1B), Germany ($9.44B), France ($7.67B), and Japan ($4.51B).

In 2019, the top importers of Aircraft parts nes were United States ($18.9B), France ($14.2B), Germany ($9.51B), United Kingdom ($3.82B), and Canada ($3.79B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $1.43B

Top Destination Growth (2018 - 2019): United States, $2B

Between 2018 and 2019, the exports of Aircraft parts nes grew the fastest in United States ($1.43B), France ($865M), Japan ($321M), Malaysia ($221M), and China ($211M).

Between 2018 and 2019, the fastest growing importers of Aircraft parts nes were United States ($2B), Canada ($510M), China ($261M), Italy ($216M), and Japan ($206M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Aircraft parts nes.

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

Explore Visualizations

TOP NET EXPORTER (2019): United Kingdom, $9.31B

TOP NET IMPORTER (2019): France, $6.52B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Aircraft parts nes were United Kingdom ($9.31B), Japan ($2.75B), Spain ($1.34B), South Korea ($1.1B), and Mexico ($932M).

In 2019, the countries that had a largest trade value in imports than in exports of Aircraft parts nes were France ($6.52B), United States ($5.56B), Canada ($1.72B), Saudi Arabia ($1.43B), and China ($949M).

Import Tariffs

#permalink to section

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%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.