Global sales from aircraft parts exports by country amounted to US$84.4 billion in 2016.
Overall, the value of aircraft parts exports were up by an average 37.4% for all exporting countries since 2012 when aircraft parts shipments were valued at $61.4 billion. From 2015 to 2016, exported aircraft parts appreciated by 2%.
Among continents, European countries accounted for the highest dollar worth of exported aircraft parts during 2016 with shipments valued at $47.1 billion or 55.8% of the global total. In second place were Asian exporters at 28.7% while 12% of worldwide aircraft parts shipments originated from North America. Smaller percentages came from Oceania including Australia (1.5%), Africa (1.2%) and Latin America excluding Mexico (0.6%).
The 4-digit Harmonized Tariff System code prefix is 8803 for aircraft parts. Subsets under this code prefix include spacecraft components.
Below are the 15 countries that exported the highest dollar value worth of aircraft parts during 2016:
- United Kingdom: US$15 billion (17.8% of exported aircraft parts)
- Germany: $9.3 billion (11%)
- France: $7.6 billion (9%)
- Singapore: $6.4 billion (7.5%)
- United States: $6.2 billion (7.3%)
- Japan: $4.8 billion (5.7%)
- Spain: $3.4 billion (4%)
- Canada: $3.3 billion (3.9%)
- Italy: $3.2 billion (3.8%)
- Israel: $2.4 billion (2.9%)
- Netherlands: $2.2 billion (2.7%)
- India: $2 billion (2.3%)
- South Korea: $1.6 billion (1.9%)
- China: $1.6 billion (1.8%)
- Malaysia: $1.3 billion (1.6%)
The listed 15 countries shipped 83.3% of global aircraft parts exports in 2016 by value.
Among the above countries, the fastest-growing aircraft parts exporters since 2012 were: Malaysia (up 108.8%), South Korea (up 77.7%), Israel (up 53.9%) and the Netherlands (up 43.5%).
Only Italy posted a decline in its exported aircraft parts sales via its -8.5% setback.
The following countries posted the highest positive net exports for aircraft parts during 2016. 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.
- United Kingdom: US$10.1 billion (net export surplus up 19.3% since 2012)
- Germany: $3.5 billion (up 293.4%)
- Japan: $2.3 billion (up 2.6%)
- Israel: $2.1 billion (up 83.7%)
- Italy: $1.4 billion (down -24.7%)
- Singapore: $1.2 billion (up 307.6%)
- Netherlands: $1.1 billion (up 45.7%)
- Spain: $1.1 billion (down -41.3%)
- Austria: $883.9 million (up 78.5%)
- Belgium: $597.3 million (up 46.9%)
- Mexico: $481 million (up 9.1%)
- Australia: $380.3 million (down -47.8%)
- Poland: $351.9 million (up 149%)
- Turkey: $236 million (reversing a -$66.7 million deficit)
- Jordan: $197 million (reversing a -$107 million deficit)
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.
The following countries posted the highest negative net exports for aircraft parts during 2016. 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.
- France: US-$14.1 billion (net export deficit up 88% since 2012)
- United States: -$10.6 billion (up 31%)
- Saudi Arabia: -$2.4 billion (up 157.9%)
- Taiwan: -$1.6 billion (reversing a $79.2 million surplus)
- Brazil: -$913.7 million (down -7.9%)
- United Arab Emirates: -$828.1 million (down -65.3%)
- Canada: -$774.1 million (up 7.6%)
- China: -$640.7 million (up 21.1%)
- Indonesia: -$560.7 million (up 69%)
- Niger: -$367.3 million (up 6323.5%)
- Nigeria: -$301.2 million (up 1669.7%)
- Ethiopia: -$205.3 million (up 2921.5%)
- New Zealand: -$194.7 million (up 2.7%)
- Bahrain: -$178.5 million (reversing a $1.9 million surplus)
- Malaysia: -$177 million (down -10.1%)
France incurred the highest deficit in the international trade of aircraft parts. In turn, this negative cashflow highlights France’s arduous competitive disadvantage for this specific product category but also signals opportunities for aircraft parts-supplying countries that help satisfy the powerful demand.
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)