Key Market Indicators
Russian aerospace exports are projected to surge to approximately $5.7 billion by 2028, up from $4.7 billion in 2023. This marks a steady annual growth rate of 3.1%. Historically, Russia has seen its aerospace supply increase by an average of 3.1% each year since 2001. As of 2023, Russia holds the ninth position globally in aerospace exports, with the Netherlands slightly ahead at $4.7 billion. France, Germany, and Singapore occupy the second, third, and fourth spots, respectively. On the import side, Russian aerospace imports are expected to reach around $6.8 billion by 2028, rising from $6 billion in 2023. This translates to an average annual growth rate of 2.1%. However, since 2001, Russia's demand for aerospace imports has decreased by 1.7% annually. In 2023, Russia ranked sixth in global aerospace imports, with the Netherlands again leading at $6 billion. Singapore, Ireland, and Canada followed in the second, third, and fourth positions, respectively.
