HS Icon Aircraft under-carriages and parts thereof

880320 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.8B, Rnk 410 / 4726

Top Exporter (2018): $1.36B, Germany

Top Importer (2018): $1.69B, United States

Product Complexity (2018): 0.66, Rnk 814 / 2722

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 2253 / 4726

Mean Tariff (2018): 1.96%, Rnk 6220 / 6538

Share of World Trade (2018): 0.042%, Rnk 410 / 4726

Overview:  This page contains the latest trade data of Aircraft under-carriages and parts thereof. In 2018, Aircraft under-carriages and parts thereof were the world's 410th most traded product, with a total trade of $7.8B. Between 2017 and 2018 the exports of Aircraft under-carriages and parts thereof grew by 12.7%, from  $6.92B to $7.8B. Trade in Aircraft under-carriages and parts thereof represent 0.042% of total world trade.

Exports: In 2018 the top exporters of Aircraft under-carriages and parts thereof  were Germany ($1.36B), France ($1.35B), United States ($1.28B), Canada ($1.18B), and United Kingdom ($931M).

Imports: In 2018 the top importers of Aircraft under-carriages and parts thereof were United States ($1.69B), United Kingdom ($887M), Germany ($733M), China ($683M), and France ($650M).

Tariffs: In 2018 the average tariff for Aircraft under-carriages and parts thereof was 1.96%, making it the 6220th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aircraft under-carriages 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 under-carriages and parts thereof ranks 814th in the Product Complexity Index (PCI).

Description: The undercarriage is the assembly of wheels, brakes and other components that allow the plane to land and take off. The landing gear or undercarriage is the legs that allow the aircraft to land safely on the ground.

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.36B

Top Destination (2018): United States, $1.69B

Aircraft under-carriages and parts thereof are the world's 410th most traded product.

In 2018, the top exporters of Aircraft under-carriages and parts thereof were Germany ($1.36B), France ($1.35B), United States ($1.28B), Canada ($1.18B), and United Kingdom ($931M).

In 2018, the top importers of Aircraft under-carriages and parts thereof were United States ($1.69B), United Kingdom ($887M), Germany ($733M), China ($683M), and France ($650M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $553M

Top Destination Growth (2017 - 2018): United States, $192M

Between 2017 and 2018, the exports of Aircraft under-carriages and parts thereof grew the fastest in Germany ($553M), United Kingdom ($289M), France ($234M), Mexico ($84.1M), and Russia ($83.8M).

Between 2017 and 2018, the fastest growing importers of Aircraft under-carriages and parts thereof were United States ($192M), France ($185M), China ($123M), Australia ($108M), and Singapore ($94.9M).

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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 under-carriages and parts thereof.

In 2018,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Aircraft under-carriages and parts thereof are explained by 11 countries.

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TOP NET EXPORTER (2018): Canada, $876M

TOP NET IMPORTER (2018): China, $422M

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

In 2018, the countries that had a largest trade value in exports than in imports of Aircraft under-carriages and parts thereof were Canada ($876M), France ($703M), Germany ($622M), Mexico ($136M), and Netherlands ($68.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Aircraft under-carriages and parts thereof were China ($422M), United States ($416M), Hong Kong ($136M), United Arab Emirates ($100M), and Switzerland ($96.7M).

Import Tariffs

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In 2018, the average tariff for importing Aircraft under-carriages and parts thereof was 1.96%.  The countries with the highest tariffs for importing Aircraft under-carriages 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.