Aircraft Parts Export of United Kingdom in 2024

The United Kingdom, leading as a thriving exporting destination in the international market, has right now recorded itself as the topmost exporter of aircraft parts in the global trade industry. In 2023 alone, the country exported aircraft worth 14.6 billion US dollars, which is around 2.81% of the total exported goods of the United Kingdom. Germany, the United States, and France remain the top export partners of the United Kingdom by a revenue share of 25%, 17.9%, and 15.5%. United Kingdom Import Data says that recent trade statistics have also reported that British companies inadvertently exported parts that eventually reached Russia via third countries, disrupting the regulatory movement of the United Kingdom’s aerospace industry supplies.

The overall growing trade demand for aircraft supplies from the United Kingdom due to the strategic manufacturing capacity and abundance of resources available for the industrial sector’s efficient productivity has recorded an export trade value of 15 billion US dollars in 2024. Import Globals United Kingdom trade data gives a detailed analysis of the overall shipment of goods exported from the nation to other importing destinations while highlighting all the essential factors for the proper configuration of potential marketing regions to the business holders who are looking to expand their services globally.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF AIRCRAFT PARTS FROM THE UNITED KINGDOM IN 2024

The government authorities of the United Kingdom have been implementing continuous strategies over the trade plethora for countering the specific category’s trade to a positive rate. The UK export finance expanded defense lading, specifically for defense exports including military aircraft components, and has enhanced financial backing for aerospace firms exporting crucial parts globally. The zero tariff aviation deal with the United States has also contributed a significant share towards the revenue rate by boosting the export competitiveness in the US market.

The sustainable aviation fuel support mandate signed by the government authorities of the United Kingdom has strengthened the domestic aerospace sector and its export capacity. The investment in the research and development has also done no less in fostering the overall revenue rate, accompanying the aerospace R&D funding.

THE LEADING VARIANTS OF AIRCRAFT PARTS EXPORTED FROM THE UNITED KINGDOM IN 2024

The United Kingdom has contracted its focus on the export of aircraft parts as its demand is increasing in the global trade industry. According to the United Kingdom Export Data, the top 10 leading variants of aircraft parts exported from the nation in 2024 are,

  1. Wing assemblies — The export trade value of Wing assemblies from the United Kingdom in 2024–4.3 billion US dollars
  2. Trent XWB engine and components — The export trade value of Trent XWB engine and components from the United Kingdom in 2024–2.8 billion US dollars
  3. Adour engine variants– The export trade value of Adour engine variants from the United Kingdom in 2024–1.7 billion US dollars
  4. Composite fuselage sections– The export trade value of Adour engine variants from the United Kingdom in 2024–1.2 billion US dollars
  5. Engine turbine and compressor parts– The export trade value of Adour engine variants from the United Kingdom in 2024–1 billion US dollars
  6. Propellers and turboprop system components– The export trade value of Propellers and turboprop system components from the United Kingdom in 2024–800 million US dollars
  7. Landing gear systems– The export trade value of Landing gear systems from the United Kingdom in 2024–600 million US dollars
  8. Avionics: sensors & cockpit displays– The export trade value of Avionics: sensors & cockpit displays from the United Kingdom in 2024–500 million US dollars
  9. Generators, valves & small engine parts– The export trade value of Generators, valves & small engine parts from the United Kingdom in 2024–340 million US dollars
  10. Nacelles & fuel systems– The export trade value of Nacelles & fuel systems from the United Kingdom in 2024–245 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF THE UNITED KINGDOM FOR AIRCRAFT PARTS IN 2024

The United Kingdom right now is trading most of its domestic-produced aircraft parts with regions, providing cost-effective pricing strategies for the services. According to the United Kingdom Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • Germany — The total annual export trade value of aircraft parts from the United Kingdom to Germany in 2024 –3.87 billion US dollars

Top 5 aircraft exported variants

1. Fuselage

2. Nose cone

3. Tail cone

4. Wing spar

5. Wing rib

  • United States– The total annual export trade value of aircraft parts from the United Kingdom to the United States in 2024–2.76 billion US dollars

Top 5 aircraft exported variants.

1. Aileron

2. Elevator

3. Rudder

4. Horizontal stabilizer

5. Vertical stabilizer

  • France– The total annual export trade value of aircraft parts from the United Kingdom to France in 2024–1.98 billion US dollars

Top 5 aircraft exported variants

1. Winglets

2. Fairings

3. Bulkheads

4. Belly fairings

5. Flaps

  • Qatar — The total annual export trade value of aircraft parts from the United Kingdom to Qatar in 2024–1.65 billion US dollars

Top 5 aircraft exported variants

1. Slats

2. Spoilers

3. Engine pylons

4. Cabin doors

5. Cargo doors

  • Canada — The total annual export trade value of aircraft parts from the United Kingdom to Canada in 2024–1.23 billion US dollars

Top 5 aircraft exported variants

1. Main landing gear

2. Nose landing gear

3. Shock struts

4. Torque links

5. Wheel assemblies

  • Spain — The total annual export trade value of aircraft parts from the United Kingdom to Spain in 2024–1 billion US dollars

Top 5 aircraft exported variants

1. Brake discs

2. Brake pads

3. Landing gear actuators

4. Hydraulic reservoirs

5. Hydraulic pumps

  • Italy — The total annual export trade value of aircraft parts from the United Kingdom to Italy in 2024–870 million US dollars

Top 5 aircraft exported variants

1. Air cycle machines

2. Gearboxes

3. Propeller blades

4. Propeller hubs

5. Thrust reversers

  • China — The total annual export trade value of aircraft parts from the United Kingdom to China in 2024–654 million US dollars

Top 5 aircraft exported variants

1. Wiring harnesses

2. Circuit breakers

3. Switch panels

4. Electrical relays

5. Voltage regulators

  • Ireland — The total annual export trade value of aircraft parts from the United Kingdom to Ireland in 2024–378 million US dollars

Top 5 aircraft exported variants

1. Heat exchangers

2. Oxygen generators

3. Emergency oxygen masks

4. Cabin pressure controllers

5. Cabin lighting panels

  • Saudi Arabia– The total annual export trade value of aircraft parts from the United Kingdom to Saudi Arabia in 2024–242 million US dollars

Top 5 aircraft exported variants.

1. Pilot seats

2. Passenger seats

3. Seat tracks

4. Armrests

5. Tray tables

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more