The Global Aerospace Industry Trade Balance highlights significant differences across countries, with France leading with a surplus of $35.37 billion, followed by Germany at $24.7 billion, and the United Kingdom at $12.41 billion. Smaller surpluses are observed in countries like Canada, Italy, and Spain. Conversely, several countries face substantial trade deficits, notably China (-$19.82 billion) and Ireland (-$22.56 billion). The variations in 2023 show minimal changes for most countries except France, which saw a slight increase of 1.95%. Over the last five years, the CAGR would help in understanding longer trends.
Future trends to watch:
- Potential shifts due to geopolitical developments and trade policies.
- Impact of new regulations and environmental standards on aerospace manufacturing and trade.
- Technological advancements, particularly in sustainable aviation fuels and electric aircraft, potentially affecting trade balances.
- Economic recovery post-pandemic influencing global demand for aerospace products.
- Expansion of aerospace manufacturing capabilities in developing regions.
Top countries in Aerospace Industry Trade Balance by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35,370 | 2023 | +11.92% | +1.95% | View data |
| 2 | 2 Germany | 24,700 | 2023 | +13.47% | View data | |
| 3 | 3 United Kingdom | 12,410 | 2023 | +2.84% | View data | |
| 4 | 4 Canada | 3,760 | 2023 | +3.07% | View data | |
| 5 | 5 Italy | 3,280 | 2023 | +9.72% | View data | |
| 6 | 6 Spain | 2,650 | 2023 | +9.58% | View data | |
| 7 | 7 Mexico | 1,350 | 2023 | +13.6% | View data | |
| 8 | 8 Israel | 1,240 | 2023 | +67.53% | View data | |
| 9 | 9 Poland | 1,100 | 2023 | +16.01% | View data | |
| 10 | 10 Lithuania | -31.58 | 2023 | +14.08% | View data |