Overview: This page contains the latest trade data of Turbo-jet engines of a thrust > 25 KN. In 2019, Turbo-jet engines of a thrust > 25 KN were the world's 32nd most traded product, with a total trade of $64.5B. Between 2018 and 2019 the exports of Turbo-jet engines of a thrust > 25 KN grew by 10.8%, from $58.2B to $64.5B. Trade in Turbo-jet engines of a thrust > 25 KN represent 0.36% of total world trade.
Imports: In 2019 the top importers of Turbo-jet engines of a thrust > 25 KNwere United States ($11.9B), China ($6.37B), Germany ($4.64B), France ($4.46B), and Hong Kong ($3.87B).
Tariffs: In 2018 the average tariff for Turbo-jet engines of a thrust > 25 KN was 2.35%, making it the 6046th 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 1746th in the Product Complexity Index (PCI).
Description: A turbojet engine is a type of gas turbine engine that works by compressing air with a rotary compressor and then mixing it with fuel outside the engine, where it is ignited and the mixture is burnt. The hot gases that are created spin a turbine, which is connected to a shaft that runs the compressor, which then does a loop that goes around the engine. The hot gases are then either used to produce thrust in a nozzle or accelerated through a propelling nozzle to produce thrust. A turbojet engine is a type of gas turbine engine that works by compressing air with
In 2019, the top importers of Turbo-jet engines of a thrust > 25 KN were United States ($11.9B), China ($6.37B), Germany ($4.64B), France ($4.46B), and Hong Kong ($3.87B).
Between 2018 and 2019, the fastest growing importers of Turbo-jet engines of a thrust > 25 KN were China ($1.85B), United States ($1.75B), Qatar ($1.01B), Netherlands ($847M), and Germany ($742M).
This chart shows the evolution of the market concentration of exports of Turbo-jet engines of a thrust > 25 KN.
In 2019, market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Turbo-jet engines of a thrust > 25 KN are explained by 13 countries.
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($11.1B), France ($4.21B), Singapore ($3.27B), Russia ($1.43B), and Hong Kong ($1.08B).
In 2019, the countries that had a largest trade value in imports than in exports of Turbo-jet engines of a thrust > 25 KN were China ($4.85B), United Arab Emirates ($2.88B), Qatar ($2.08B), Japan ($1.5B), and India ($1.15B).
In 2018, the average tariff for importing Turbo-jet engines of a thrust > 25 KN was 2.35%. 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%).
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.