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

841112 (Harmonized System 1992 for 6-digit)

World Trade (2019): $64.5B, Rnk 32 / 4648

Top Exporter (2019): $13.2B, United Kingdom

Top Importer (2019): $11.9B, United States

Product Complexity (2019): 0.46, Rnk 1746 / 4826

Export Growth (CAGR)(2018 - 2019): 10.8%, Rnk 396 / 4648

Mean Tariff (2018): 2.35%, Rnk 6046 / 6538

Share of World Trade (2019): 0.36%, Rnk 32 / 4648

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.

Exports: In 2019 the top exporters of Turbo-jet engines of a thrust > 25 KN  were United Kingdom ($13.2B), United States ($10.9B), France ($8.67B), Germany ($5.45B), and Singapore ($5.42B).

Imports: 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).

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

Exporters and Importers

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Trade By Country

Top Origin (2019): United Kingdom, $13.2B

Top Destination (2019): United States, $11.9B

Turbo-jet engines of a thrust > 25 KN are the world's 32nd most traded product.

In 2019, the top exporters of Turbo-jet engines of a thrust > 25 KN were United Kingdom ($13.2B), United States ($10.9B), France ($8.67B), Germany ($5.45B), and Singapore ($5.42B).

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hong Kong, $1.98B

Top Destination Growth (2018 - 2019): China, $1.85B

Between 2018 and 2019, the exports of Turbo-jet engines of a thrust > 25 KN grew the fastest in Hong Kong ($1.98B), France ($1.39B), United Kingdom ($1.39B), Singapore ($821M), and United States ($760M).

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).

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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 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.

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TOP NET EXPORTER (2019): United Kingdom, $11.1B

TOP NET IMPORTER (2019): China, $4.85B

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).

Import Tariffs

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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%).

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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.