The value of exports of commodity group 88 "Aircraft, spacecraft, and parts thereof" from European Union totalled $ 71 billion in 2023. Sales of commodity group 88 from European Union went up by 28% compared to 2022: exports of commodity group 88 "Aircraft, spacecraft, and parts thereof" went up by $ 15.9 billion (cumulative exports of commodity group 88 from European Union amounted $55 billion in 2022)
Exports of commodity group 88 "Aircraft, spacecraft, and parts thereof" amounted to 2.58% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 88 in total exports from European Union increased by 0.372 p.p. compared to 2022 (it was 2.21% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).
Where does European Union export Aircraft, spacecraft, and parts thereof?
Top export destinations of "Aircraft, spacecraft, and parts thereof" from European Union in 2023:
- USA with a share of 15.8% (11.3 billion US$)
- China with a share of 11.2% (8 billion US$)
- United Kingdom with a share of 10.3% (7.41 billion US$)
- India with a share of 8.37% (5.98 billion US$)
- Special Categories with a share of 7% (5 billion US$)
- Turkey with a share of 6.13% (4.38 billion US$)
- Saudi Arabia with a share of 3.22% (2.3 billion US$)
- Japan with a share of 2.77% (1.97 billion US$)
- Mexico with a share of 2.47% (1.77 billion US$)
- Brazil with a share of 2.37% (1.69 billion US$)
Exports structure of 88 - Aircraft, spacecraft, and parts thereof - from European Union in 2023 represented by the following main commodity groups:
- 73% (52 billion US$): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles
- 0.361% (258 million US$): 8805 - Aircraft launching gear; deck-arrestor or similar gear; ground flying trainers; parts of the foregoing articles.
- 0.08% (57 million US$): 8804 - Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto
- 0.028% (20 million US$): 8801 - Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft
The value of imports of commodity group 88 "Aircraft, spacecraft, and parts thereof" to European Union totalled $ 37 billion in 2023. Sales of commodity group 88 to European Union went up by 22% compared to 2022: imports of commodity group 88 "Aircraft, spacecraft, and parts thereof" went up by $ 6.92 billion (the value of imports of commodity group 88 to European Union was equal to $30 billion in 2022)
Imports of commodity group 88 "Aircraft, spacecraft, and parts thereof" accounted for 1.38% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 88 in total imports to European Union increased by 0.371 p.p. compared to 2022 (it was 1.01% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).
Where does European Union import Aircraft, spacecraft, and parts thereof from?
Top trading partners (import of "Aircraft, spacecraft, and parts thereof") of European Union in 2023:
- USA with a share of 52% (19.8 billion US$)
- United Kingdom with a share of 16.8% (6.32 billion US$)
- Canada with a share of 6.9% (2.59 billion US$)
- Special Categories with a share of 3.87% (1.45 billion US$)
- China with a share of 3.46% (1.3 billion US$)
- Brazil with a share of 2.1% (790 million US$)
- Switzerland with a share of 1.94% (730 million US$)
- Korea with a share of 1.81% (680 million US$)
- Singapore with a share of 1.72% (647 million US$)
- Turkey with a share of 1.51% (570 million US$)
Imports structure of 88 - Aircraft, spacecraft, and parts thereof - to European Union in 2023 represented by the following main commodity groups:
- 56% (21 billion US$): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles
- 0.624% (234 million US$): 8805 - Aircraft launching gear; deck-arrestor or similar gear; ground flying trainers; parts of the foregoing articles.
- 0.261% (98 million US$): 8804 - Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto
- 0.029% (11.2 million US$): 8801 - Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft