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2022
Exports $12.2BWorld Rnk 1 / 208
Flag Rnk 27 / 1217
2022
Destination $517M Canada
2021 - 2022
FASTEST GROWING MARKET $517MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Aircraft Parts0.79Rnk 246 / 1025
2022
Imports $13.3BWorld Rnk 1 / 217
Flag Rnk 45 / 1216
2022
Origin $283MN/A
2021 - 2022
FASTEST GROWING ORIGIN $283MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $12.2B in Aircraft Parts, making it the 1st largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 27th most exported product in United States. The main destination of Aircraft Parts exports from United States are: Canada ($2.34B), United Kingdom ($1.07B), France ($885M), China ($702M), and Japan ($673M).

The fastest growing export markets for Aircraft Parts of United States between 2021 and 2022 were United Kingdom ($517M), Canada ($306M), and Germany ($220M).

Imports In 2022, United States imported $13.3B in Aircraft Parts, becoming the 1st largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 45th most imported product in United States. United States imports Aircraft Parts primarily from: N/A.

The fastest growing import markets in Aircraft Parts for United States between 2021 and 2022 were France ($283M), Canada ($201M), and South Korea ($165M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (327), IKEA Group (182), and BOEING (48) were at the forefront of shipping Aircraft Parts to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Aircraft Parts exports accounted up to $11.6B and imports accounted up to $959M, resulting in a positive trade balance of $10.6B. Between August 2023 and August 2024 the exports of United States'   Aircraft Parts have increased by $2.23B (23.8%) from $9.35B to $11.6B, while imports increased by $27.2M (2.92%) from $932M to $959M.

Destinations In August 2024, Aircraft Parts were exported mostly to China ($1.38B), Germany ($1.11B), Brazil ($1.09B), France ($875M), and United Kingdom ($766M), and were imported mostly from .

Growth In August 2024, the increase in Aircraft Parts's year-by-year exports was explained primarily by an increase in exports to Netherlands ($206M or 427%), Germany ($185M or 34.5%), and Canada ($168M or 32.1%). 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 (August 2023 - August 2024)$2.23B(23.8%)
IMPORT GROWTH (December 2020 - December 2021)$27.2M(2.92%)
MAIN EXPORTER (August 2024)Washington$2.44B
MAIN DESTINATION (August 2024)China$1.38B

This section shows Aircraft Parts's exports and imports data at subnational level for United States. 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 (2022)$12.2B
IMPORTS (2022)$13.3B
NET TRADE (2022)-$1.14B

In 2022, United States exported $12.2B in Aircraft Parts. The main destinations of United States exports on Aircraft Parts were Canada ($2.34B), United Kingdom ($1.07B), France ($885M), China ($702M), and Japan ($673M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$517M (92.8%)
Canada$306M (15%)
Germany$220M (80.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY United States WERE (2021 - 2022):
Singapore-$714M (-73.2%)
Saudi Arabia-$172M (-54.2%)
Japan-$157M (-18.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Aircraft Parts were:
United Kingdom $10.2B
Germany $7.08B
In 2022, United States's main importing competitors in Aircraft Parts were:
France $9.38B
Germany $7.34B

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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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