Aircraft parts nes880330 (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.
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).
Trade by country
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).
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.
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).
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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