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2023
Exports $10.5BWorld Rnk 3 / 205
Flag Rnk 7 / 1216
2023
Destination $495M Germany
2022 - 2023
FASTEST GROWING MARKET $495MGermany
2023
PRODUCT COMPLEXITY IN Aircraft Parts0.54Rnk 352 / 1025
2023
Imports $5.89BWorld Rnk 4 / 219
Flag Rnk 16 / 1214
2023
Origin $513M United States
2022 - 2023
FASTEST GROWING ORIGIN $513MUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $10.5B in Aircraft Parts, making it the 3rd largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 7th most exported product in United Kingdom. The main destination of Aircraft Parts exports from United Kingdom are: Germany ($3.04B), United States ($2.24B), France ($1.66B), Canada ($601M), and Spain ($347M).

The fastest growing export markets for Aircraft Parts of United Kingdom between 2022 and 2023 were Germany ($495M), Singapore ($171M), and France ($137M).

Imports In 2023, United Kingdom imported $5.89B in Aircraft Parts, becoming the 4th largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 16th most imported product in United Kingdom. United Kingdom imports Aircraft Parts primarily from: United States ($2.47B), France ($733M), Germany ($426M), Belgium ($279M), and Italy ($276M).

The fastest growing import markets in Aircraft Parts for United Kingdom between 2022 and 2023 were United States ($513M), France ($100M), and Canada ($46.8M).

Latest Trends

December 2021

About

Overview In December 2021 United Kingdom's Aircraft Parts exports accounted up to £771M and imports accounted up to £227M, resulting in a positive trade balance of £544M. Between December 2020 and December 2021 the exports of United Kingdom's   Aircraft Parts have increased by £54.4M (7.6%) from £717M to £771M, while imports increased by £1.97M (0.88%) from £225M to £227M.

Destinations In December 2021, Aircraft Parts were exported mostly to , and were imported mostly from .

Growth In December 2021, the increase in Aircraft Parts's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Aircraft Parts's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)£54.4M(7.6%)
IMPORT GROWTH (December 2020 - December 2021)£1.97M(0.88%)
MAIN EXPORTER (December 2021)
MAIN DESTINATION (December 2021)

This section shows Aircraft Parts's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Aircraft Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.5B
IMPORTS (2023)$5.89B
NET TRADE (2023)$4.6B

In 2023, United Kingdom exported $10.5B in Aircraft Parts. The main destinations of United Kingdom exports on Aircraft Parts were Germany ($3.04B), United States ($2.24B), France ($1.66B), Canada ($601M), and Spain ($347M).

In 2023, United Kingdom imported $5.89B in Aircraft Parts, mainly from United States ($2.47B), France ($733M), Germany ($426M), Belgium ($279M), and Italy ($276M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Germany$495M (19.4%)
Singapore$171M (324%)
France$137M (8.99%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY United Kingdom WERE (2022 - 2023):
Qatar-$37.6M (-36.8%)
Chinese Taipei-$29.6M (-53.9%)
Ireland-$29.6M (-28.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Aircraft Parts were:
United States $25.9B
France $10.6B
In 2023, United Kingdom's main importing competitors in Aircraft Parts were:
United States $15.3B
France $11B
Germany $8.89B

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Trade Value of Aircraft Parts by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Aircraft Parts’s highest export potential is N/A. With an export gap of N/A.   Aircraft Parts’s highest import potential is N/A with an import gap of N/A.

See methodology.

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