Aircraft parts exports by country

Date: 
August 22, 2018

 

International sales for aircraft parts exports by country totaled US$85.1 billion in 2017. Overall, the value of aircraft parts exports rose by an average 26.9% for all exporting countries since 2013 when aircraft parts shipments were valued at $67.1 billion. From 2016 to 2017, exported aircraft parts depreciated by -1.3%.

 

Among continents, European countries accounted for the highest dollar worth of exported aircraft parts during 2017 with shipments valued at $48.8 billion or 57.3% of the global total. In second place were Asian exporters at 28.1% while 11.1% of worldwide aircraft parts shipments originated from North America. Smaller percentages came from Oceania including Australia (1.7%), Africa (1.2%) and Latin America excluding Mexico but including the Caribbean (0.6%).

 

The 4-digit Harmonized Tariff System code prefix is 8803 for aircraft parts. Subsets under this code prefix include spacecraft components.

 

Countries

 

Below are the 15 countries that exported the highest dollar value worth of aircraft parts during 2017.

  1. United Kingdom: US$16.1 billion (19% of exported aircraft parts)
  2. Germany: $10.9 billion (12.8%)
  3. France: $7.3 billion (8.6%)
  4. Singapore: $6.4 billion (7.5%)
  5. United States: $5.7 billion (6.6%)
  6. Japan: $4.2 billion (5%)
  7. Canada: $3.1 billion (3.7%)
  8. Italy: $3.1 billion (3.7%)
  9. Spain: $2.7 billion (3.1%)
  10. Israel: $2.6 billion (3%)
  11. Netherlands: $2.1 billion (2.5%)
  12. China: $1.8 billion (2.1%)
  13. South Korea: $1.8 billion (2.1%)
  14. India: $1.51 billion (1.8%)
  15. Malaysia: $1.5 billion (1.8%)

 

By value, the listed 15 countries shipped 83.1% of global aircraft parts exports in 2017.

Among the top exporters, the fastest-growing aircraft parts exporters since 2013 were: Malaysia (up 99.1%), South Korea (up 56.4%), Israel (up 36.7%) and China (up 31.2%).

Those countries that posted declines in their exported aircraft parts sales were led by: Italy (down -18.4%), France (down -5.6%), Spain (down -5.4%), Canada (down -4.8%) and Japan (down -2.8%).

 

Advantages

 

The following countries posted the highest positive net exports for aircraft parts during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported aircraft parts and its import purchases for that same commodity.

  1. United Kingdom: US$11.2 billion (net export surplus up 25% since 2013)
  2. Germany: $3 billion (up 436.3%)
  3. Israel: $2.18 billion (up 46.7%)
  4. Japan: $2.16 billion (down -14.9%)
  5. Italy: $1.2 billion (down -39.7%)
  6. South Korea: $968.7 million (up 452.5%)
  7. Netherlands: $935.6 million (up 15.7%)
  8. Belgium: $918.4 million (up 111%)
  9. Austria: $887 million (up 65.4%)
  10. Australia: $568.8 million (down -41.9%)
  11. Mexico: $522.4 million (down -29.5%)
  12. India: $507.4 million (up 190.2%)
  13. Poland: $370.7 million (down -38.9%)
  14. Singapore: $307.1 million (down -67.8%)
  15. Spain: $268 million (down -79.3%)

 

The United Kingdom has the highest surplus in the international trade of aircraft parts. In turn, this positive cashflow confirms the UK’s strong competitive advantage for this specific product category.

 

Opportunities

 

The following countries posted the highest negative net exports for aircraft parts during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported aircraft parts purchases and its exports for that same commodity.

  1. United States: -US$11.1 billion (net export deficit up 17.3% since 2013)
  2. France: -$9.9 billion (up 24.1%)
  3. Saudi Arabia: -$1.9 billion (up 41.1%)
  4. Taiwan: -$1.4 billion (reversing a $71.9 million surplus)
  5. Canada: -$1 billion (up 9.7%)
  6. United Arab Emirates: -$540 million (up 131.2%)
  7. Indonesia: -$505.8 million (down -33.7%)
  8. China: -$443.7 million (down -38%)
  9. New Zealand: -$206.4 million (up 1.2%)
  10. Switzerland: -$190.4 million (reversing a $443.7 million surplus)
  11. Brazil: -$152 million (down -81.3%)
  12. Finland: -$134.5 million (down -34.2%)
  13. Oman: -$132.7 million (up 105.3%)
  14. Qatar: -$132.4 million (down -90.8%)
  15. Colombia: -$120.8 million (down -53.1%)

 

Overtaking France in 2017, the United States of America incurred the highest deficit in the international trade of aircraft parts. In turn, this negative cashflow highlights America’s arduous competitive disadvantage for this specific product category but also signals opportunities for aircraft parts-supplying countries that help satisfy the powerful demand.

 

Companies

 

Aircraft Parts Exporting Companies

 

Below are global aircraft parts-processing conglomerates that represent established players engaged in the international trade of aircraft parts. Their home country is shown within parenthesis.

  • Apex Aircraft (France)
  • Bharat Heavy Electricals (India)
  • Binder Aviatik KG (Germany)
  • Bombardier (Canada)
  • Britten-Norman (United Kingdom)
  • Chengdu Aircraft Industry Group (China)
  • H&E Paramotores (Spain)
  • Kawasaki Heavy Industries (Japan)
  • Storm Aircraft (Italy)
  • The Boeing Company (United States)

 

 

Source: worldstopexports.com

 

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