HS Code:
The 'Propellers and rotors and parts thereof' category, classified under HS Code 8803.10, encompasses components primarily used in aircraft, helicopters, and other aerial vehicles. This includes propellers, rotors, and their associated parts, which are critical for propulsion and control. These products are integral to the aerospace industry, supporting both commercial and military applications. The trade of these components is influenced by global demand for air travel, defense spending, and advancements in aviation technology.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
3.5%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU agreements)
Rising demand for lightweight materials
Increased use of composite materials in propeller and rotor manufacturing to enhance fuel efficiency and performance, driving innovation and trade in advanced materials.
2021-2023
Growth in unmanned aerial vehicles (UAVs)
Surge in demand for rotors and parts for drones, particularly in the commercial and defense sectors, expanding market opportunities for smaller manufacturers.
2020-2022
Sustainability initiatives in aviation
Shift towards eco-friendly designs and electric propulsion systems, influencing the development and trade of new rotor and propeller technologies.
2022-2023
A new agreement between the US and EU reduced tariffs on aerospace components, including propellers and rotors, to facilitate smoother trade and lower costs for manufacturers.
June 2023
Expected to increase trade volume by 10-15% between the two regions over the next five years.
Several countries, including the US, tightened export controls on rotors used in military helicopters due to geopolitical tensions, requiring stricter licensing.
March 2023
Reduced trade flows to certain regions, prompting manufacturers to seek alternative markets.
Major aerospace companies unveiled new electric rotor designs for urban air mobility solutions, gaining traction in the market for short-range aerial transport.
September 2023
Likely to create a new sub-category in trade, with increased exports of specialized components in the coming years.