HS Code:
The category 'Reaction engines other than turbojets' (HS Code: 8412.10) includes propulsion systems that operate on the principle of reaction, excluding turbojet engines. These engines, such as rocket engines and other reaction-based propulsion systems, are primarily used in aerospace applications, including satellites, space launch vehicles, and military applications. This category is critical for space exploration and defense industries, with significant technological and strategic importance.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.2 billion
48% of total trade of total trade
Increasing
USD 500 million
20% of total trade of total trade
Stable
USD 300 million
12% of total trade of total trade
Increasing
USD 250 million
10% of total trade of total trade
Increasing
USD 150 million
6% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under specific free trade agreements)
Growing demand for commercial space launches
Increased trade volume as private companies invest in reusable rocket technology
2021-2023
Rising geopolitical tensions
Restrictions on technology transfers and increased domestic production in key countries
2022-2023
Advancements in propulsion technology
Shift towards more efficient and sustainable reaction engines, boosting R&D exports
2020-2023
The United States updated export controls on reaction engine technology to prevent leakage to non-allied nations.
March 2023
Reduced trade with certain countries, redirecting focus to allied partners
The European Space Agency announced increased funding for next-generation reaction engines, benefiting French and German manufacturers.
June 2022
Expected growth in trade volume from European countries
China's successful lunar mission has led to increased domestic production and export of reaction engine components.
December 2022
Strengthened China's position in the global market