HS Code:
The category of turbojets or turbopropellers (HS Code: 8411) includes engines primarily used in aircraft propulsion. These are high-performance engines that operate on the principle of jet propulsion, including turbojets, turbopropellers, and other gas turbines designed for aviation. This category is critical to the aerospace industry, with applications in commercial, military, and private aviation. Trade in this category is influenced by technological advancements, defense spending, and the global demand for air travel.
Total Trade Volume
USD 80.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
2.5%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU Single Market)
Rising demand for fuel-efficient engines
Increased investment in R&D for sustainable aviation technologies, driving trade in newer, eco-friendly turbojet and turbopropeller models.
2021-2022
Growth in military spending
Higher demand for advanced turbojet engines for defense applications, particularly in regions with geopolitical tensions.
2020-2022
Supply chain disruptions
Delays in production and delivery of engines due to COVID-19 and geopolitical issues, affecting trade volumes temporarily.
2020-2021
The EU and US finalized an agreement to reduce tariffs on aerospace components, including turbojets and turbopropellers, to boost transatlantic trade.
June 2021
Expected to increase trade volume by 10-15% between the two regions over the next five years.
Several countries, including the US and UK, tightened export controls on military-grade turbojet engines due to national security concerns.
March 2022
Reduced trade with certain nations, redirecting focus to domestic production and alternative markets.
Major manufacturers like Rolls-Royce and Pratt & Whitney unveiled new turbofan engines with lower carbon emissions, aligning with global sustainability goals.
September 2022
Likely to shift market preference towards greener technologies, influencing future trade patterns.