HS Code:
The category under HS Codes 8805, 8806, and 8807 pertains to aircraft, spacecraft, and related equipment. HS 8805 includes ground flying trainers and parts thereof, used for training pilots. HS 8806 covers unmanned aircraft (drones) for various applications such as photography, agriculture, and military use. HS 8807 refers to parts of goods classified under headings 8801 to 8806, which includes components for balloons, dirigibles, gliders, aircraft, and spacecraft. This category is critical for the aerospace industry, reflecting advancements in technology and increasing demand for both civilian and military applications globally.
Total Trade Volume
Approximately $10 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Statistics
$3.5 billion USD
35% of total trade of total trade
Increasing
$1.8 billion USD
18% of total trade of total trade
Stable
$1.2 billion USD
12% of total trade of total trade
Increasing
$900 million USD
9% of total trade of total trade
Increasing
$800 million USD
8% of total trade of total trade
Stable
Average Rate
3.5% ad valorem
Highest Rate
15% (imposed by certain developing countries for protective measures)
Lowest Rate
0% (under free trade agreements like the EU-US Trade Agreement for aerospace parts)
Rising demand for unmanned aircraft (drones)
Increased production and trade in HS 8806 category due to applications in agriculture, surveillance, and delivery services
2021-2023
Technological advancements in aerospace components
Growth in trade of high-tech parts under HS 8807 as countries invest in lightweight materials and fuel-efficient designs
2020-2022
Shift towards sustainable aviation
Emerging demand for eco-friendly training equipment and parts, influencing trade in HS 8805 and 8807
2022-2023
A bilateral agreement reduced tariffs on HS 8807 products, facilitating smoother trade of aircraft components between the two nations.
March 2023
Expected to increase trade volume by 10% annually between the US and China for aerospace parts.
The European Union introduced stricter export controls on military drones under HS 8806 to prevent misuse in conflict zones.
January 2023
Potential reduction in EU drone exports to certain regions, redirecting trade to other markets.
Ongoing geopolitical tensions and post-pandemic recovery challenges have delayed the supply of critical components under HS 8807.
Mid-2022 to Early 2023
Temporary decline in trade volume by 5-7% in key markets like the US and Europe.