HS Icon Aircraft propellers, rotors and parts thereof

880310 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.4B, Rnk 1663 / 4726

Top Exporter (2018): $358M, United States

Top Importer (2018): $279M, United States

Product Complexity (2018): -0.46, Rnk 1916 / 2722

Export Growth (CAGR)(2017 - 2018): 9.49%, Rnk 2755 / 4726

Mean Tariff (2018): 2%, Rnk 6200 / 6538

Share of World Trade (2018): 0.0076%, Rnk 1663 / 4726

Overview:  This page contains the latest trade data of Aircraft propellers, rotors and parts thereof. In 2018, Aircraft propellers, rotors and parts thereof were the world's 1663rd most traded product, with a total trade of $1.4B. Between 2017 and 2018 the exports of Aircraft propellers, rotors and parts thereof grew by 9.49%, from  $1.27B to $1.4B. Trade in Aircraft propellers, rotors and parts thereof represent 0.0076% of total world trade.

Exports: In 2018 the top exporters of Aircraft propellers, rotors and parts thereof  were United States ($358M), United Kingdom ($259M), France ($136M), Austria ($120M), and Germany ($61.4M).

Imports: In 2018 the top importers of Aircraft propellers, rotors and parts thereof were United States ($279M), United Kingdom ($95M), France ($82M), Japan ($81.2M), and Germany ($54.4M).

Tariffs: In 2018 the average tariff for Aircraft propellers, rotors and parts thereof was 2%, making it the 6200th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aircraft propellers, rotors and parts thereof are Bermuda (25%), Bahamas (24.5%), Maldives (24.5%), Panama (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Ranking: Aircraft propellers, rotors and parts thereof ranks 1916th in the Product Complexity Index (PCI).

Description: A propeller is a rotating device that is used to push and pull an airplane. This device is attached to the front of the airplane, and is made up of blades. Propellers work by pushing air downwards, and as the propeller turns it creates an upward air thrust. A rotor is a device that is used to produce lift. Helicopters use a rotor to produce lift, and it is made up of blades that are mounted on a shaft. The blades are made up of airfoils that are shaped like a teardrop. The propellers and rotors work

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $358M

Top Destination (2018): United States, $279M

Aircraft propellers, rotors and parts thereof are the world's 1663rd most traded product.

In 2018, the top exporters of Aircraft propellers, rotors and parts thereof were United States ($358M), United Kingdom ($259M), France ($136M), Austria ($120M), and Germany ($61.4M).

In 2018, the top importers of Aircraft propellers, rotors and parts thereof were United States ($279M), United Kingdom ($95M), France ($82M), Japan ($81.2M), and Germany ($54.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $89.2M

Top Destination Growth (2017 - 2018): United Arab Emirates, $34.9M

Between 2017 and 2018, the exports of Aircraft propellers, rotors and parts thereof grew the fastest in United Kingdom ($89.2M), Austria ($45.7M), Russia ($25M), Thailand ($23.6M), and Australia ($18.1M).

Between 2017 and 2018, the fastest growing importers of Aircraft propellers, rotors and parts thereof were United Arab Emirates ($34.9M), France ($31.5M), Germany ($29.2M), United States ($26.8M), and Ethiopia ($25.5M).

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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 propellers, rotors and parts thereof.

In 2018,  market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Aircraft propellers, rotors and parts thereof are explained by 15 countries.

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TOP NET EXPORTER (2018): United Kingdom, $164M

TOP NET IMPORTER (2018): Japan, $58.5M

This map shows which countries export or import more of Aircraft propellers, rotors and parts thereof. Each country is colored based on the difference in exports and imports of Aircraft propellers, rotors and parts thereof during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Aircraft propellers, rotors and parts thereof were United Kingdom ($164M), Austria ($115M), United States ($78.5M), France ($53.8M), and Russia ($35.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Aircraft propellers, rotors and parts thereof were Japan ($58.5M), Ethiopia ($28.2M), South Korea ($26.3M), Poland ($22.2M), and Norway ($20.6M).

Import Tariffs

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In 2018, the average tariff for importing Aircraft propellers, rotors and parts thereof was 2%.  The countries with the highest tariffs for importing Aircraft propellers, rotors and parts thereof were Bermuda (25%), Bahamas (24.5%), Maldives (24.5%), Panama (15%), and Cambodia (15%).

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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.