In 2023, China's aerospace industry trade balance stood at -$19.05 billion. Forecasts indicate a steady increase in trade deficit from 2024 to 2028, rising progressively from -$19.93 billion in 2024 to -$20.37 billion in 2028. The year-on-year increase is consistent, suggesting a deepening trade deficit without significant fluctuation. The compound annual growth rate (CAGR) of the deficit over the five-year forecast period reflects a modest yet persistent intensification of this trend.
Future trends to monitor include domestic aerospace production capacity and government policies aimed at boosting local manufacturing to reduce import dependency. Additionally, global supply chain dynamics and changes in international trade agreements may impact this forecast significantly.
