HS Code:
The category under HS Codes 8407.10, 8409.10, 8411, and 8412.10 pertains to engines and related components, specifically covering aircraft engines (8407.10), parts for aircraft engines (8409.10), turbojets, turbopropellers, and other gas turbines (8411), and reaction engines other than turbojets (8412.10). These products are critical to the aerospace industry, used in both civilian and military applications. This category includes high-value, technologically advanced goods that are subject to strict regulatory and safety standards globally.
Total Trade Volume
Approximately $80 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Statistics
$25 billion USD
31.25% of total trade of total trade
Increasing
$15 billion USD
18.75% of total trade of total trade
Stable
$10 billion USD
12.5% of total trade of total trade
Increasing
$8 billion USD
10% of total trade of total trade
Stable
$5 billion USD
6.25% of total trade of total trade
Increasing
Average Rate
2.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU Single Market)
Increased demand for fuel-efficient engines
Driven by rising fuel costs and environmental regulations, manufacturers are focusing on sustainable aviation technologies, boosting trade in next-gen turbojets and turbopropellers.
2021-2023
Growth in military aerospace spending
Geopolitical tensions have led to higher demand for advanced reaction engines and gas turbines for defense applications, particularly in North America and Europe.
2022-2023
Supply chain disruptions
Post-COVID recovery and geopolitical issues have caused delays in engine part deliveries, affecting trade volumes temporarily but pushing for localized manufacturing.
2020-2022
The United States and European Union resolved a long-standing dispute over aerospace subsidies, leading to the suspension of retaliatory tariffs on aircraft engines and parts.
June 2021
Increased trade flows between the two regions, stabilizing prices and fostering collaboration on new engine technologies.
Major manufacturers like Rolls-Royce and Pratt & Whitney announced breakthroughs in engines compatible with SAF, aligning with global carbon neutrality goals.
October 2022
Expected to drive demand for new engine models under HS 8411, with a focus on eco-friendly designs in the coming years.
Several countries, including the US and EU members, tightened export controls on gas turbines and reaction engines due to national security concerns amid rising global tensions.
March 2023
Reduced trade volumes to certain regions, redirecting supply chains to allied nations and increasing costs for compliance.