HS Icon Turbo-jet engines of a thrust < 25 KN

841111 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.23B, Rnk 1802 / 4726

Top Exporter (2018): $411M, United States

Top Importer (2018): $292M, United States

Product Complexity (2018): 0.41, Rnk 1087 / 2722

Export Growth (CAGR)(2017 - 2018): 34.7%, Rnk 634 / 4726

Mean Tariff (2018): 2.55%, Rnk 5953 / 6538

Share of World Trade (2018): 0.0067%, Rnk 1802 / 4726

Overview:  This page contains the latest trade data of Turbo-jet engines of a thrust < 25 KN. In 2018, Turbo-jet engines of a thrust < 25 KN were the world's 1802nd most traded product, with a total trade of $1.23B. Between 2017 and 2018 the exports of Turbo-jet engines of a thrust < 25 KN grew by 34.7%, from  $910M to $1.23B. Trade in Turbo-jet engines of a thrust < 25 KN represent 0.0067% of total world trade.

Exports: In 2018 the top exporters of Turbo-jet engines of a thrust < 25 KN  were United States ($411M), Canada ($233M), Ukraine ($134M), Russia ($63.1M), and Belgium-Luxembourg ($62.2M).

Imports: In 2018 the top importers of Turbo-jet engines of a thrust < 25 KN were United States ($292M), Canada ($219M), China ($135M), Belgium-Luxembourg ($62.9M), and United Kingdom ($60.8M).

Tariffs: In 2018 the average tariff for Turbo-jet engines of a thrust < 25 KN was 2.55%, making it the 5953rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Turbo-jet engines of a thrust < 25 KN are Bermuda (25%), Maldives (19.6%), Cambodia (15%), Aruba (12%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Turbo-jet engines of a thrust < 25 KN ranks 1087th in the Product Complexity Index (PCI).

Description: A turbo-jet engine is a type of gas turbine engine that extracts energy from the engine exhaust. The engine is often used to power aircraft for short distances such as commuter flights.

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $411M

Top Destination (2018): United States, $292M

Turbo-jet engines of a thrust < 25 KN are the world's 1802nd most traded product.

In 2018, the top exporters of Turbo-jet engines of a thrust < 25 KN were United States ($411M), Canada ($233M), Ukraine ($134M), Russia ($63.1M), and Belgium-Luxembourg ($62.2M).

In 2018, the top importers of Turbo-jet engines of a thrust < 25 KN were United States ($292M), Canada ($219M), China ($135M), Belgium-Luxembourg ($62.9M), and United Kingdom ($60.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $211M

Top Destination Growth (2017 - 2018): Canada, $212M

Between 2017 and 2018, the exports of Turbo-jet engines of a thrust < 25 KN grew the fastest in United States ($211M), Ukraine ($97.8M), Belgium-Luxembourg ($60.9M), Russia ($53.6M), and Singapore ($49.5M).

Between 2017 and 2018, the fastest growing importers of Turbo-jet engines of a thrust < 25 KN were Canada ($212M), China ($93M), Belgium-Luxembourg ($49.6M), India ($46.9M), and United Kingdom ($31.8M).

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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 Turbo-jet engines of a thrust < 25 KN.

In 2018,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Turbo-jet engines of a thrust < 25 KN are explained by 9 countries.

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TOP NET EXPORTER (2018): Ukraine, $133M

TOP NET IMPORTER (2018): China, $133M

This map shows which countries export or import more of Turbo-jet engines of a thrust < 25 KN. Each country is colored based on the difference in exports and imports of Turbo-jet engines of a thrust < 25 KN during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Turbo-jet engines of a thrust < 25 KN were Ukraine ($133M), United States ($119M), Russia ($59.6M), Singapore ($39M), and Netherlands ($25.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Turbo-jet engines of a thrust < 25 KN were China ($133M), Switzerland ($32.4M), United Kingdom ($32.4M), Algeria ($24.3M), and Japan ($20.1M).

Import Tariffs

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In 2018, the average tariff for importing Turbo-jet engines of a thrust < 25 KN was 2.55%.  The countries with the highest tariffs for importing Turbo-jet engines of a thrust < 25 KN were Bermuda (25%), Maldives (19.6%), Cambodia (15%), Aruba (12%), and Nepal (9.89%).

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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.