HS Code:
The category 'Of a thrust exceeding 25 kN' (likely falling under HS Code 8411.12 or related subcategories) pertains to turbojet or turboprop engines typically used in aircraft, with a thrust exceeding 25 kilonewtons. These engines are critical components in the aerospace industry, primarily utilized in commercial and military aviation for powering large aircraft. This category represents high-value, technologically advanced products with strict regulatory and safety standards.
Total Trade Volume
USD 45.2 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
Average Rate
2.5%
Highest Rate
8% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like USMCA and EU agreements)
Rising demand for fuel-efficient engines
Increased investment in R&D for sustainable aviation technologies, driving trade in next-generation engines with higher thrust capacities.
2022
Growth in air travel in Asia-Pacific
Higher imports of aircraft engines by countries like China and India to support expanding airline fleets.
2021-2022
Supply chain disruptions due to geopolitical tensions
Delays in engine production and trade, with increased costs affecting export volumes.
2022
A mutual recognition agreement between the U.S. and EU reduced certification barriers for aircraft engines, facilitating smoother trade.
June 2023
Expected to increase trade volume by 5-10% between the regions over the next two years.
Several countries, including the U.S., tightened export controls on high-thrust engines due to national security concerns.
March 2023
Reduced exports to certain markets, redirecting trade to allied nations.
Major engine manufacturers announced advancements in engines compatible with SAF, aligning with global decarbonization goals.
September 2023
Likely to boost demand for upgraded engines, influencing trade patterns in the coming years.