The global aerospace industry export share remains dominated by the United States, with substantial contributions from France and Germany. Notably, Singapore showed an impressive growth due to a year-on-year increase of 12.25%. Despite a minor decline, China continues being a significant player. In contrast, New Zealand experienced an explosive rise in export value at 40.64%, while Iceland also saw massive growth, albeit from a small base. Latvia experienced a sharp decline of 24.11%, indicating potential challenges.
Future trends to watch include the continuation of emerging markets like Singapore, maximizing their aerospace exports, and ongoing geopolitical factors influencing Russia and China’s export strategies. Technological advancements and sustainability initiatives will further shape the competitive landscape in upcoming years.
Top countries in Aerospace Industry Exports Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 38.89 | 2023 | +10.59% | +0.24% | View data |
| 2 | 2 France | 20.43 | 2023 | +12.81% | +2.29% | View data |
| 3 | 3 Germany | 15.42 | 2023 | +9.97% | +2.08% | View data |
| 4 | 4 Singapore | 9.06 | 2023 | +17.04% | +12.25% | View data |
| 5 | 5 Spain | 2.36 | 2023 | +9.77% | +3.96% | View data |
| 6 | 6 Japan | 2.36 | 2023 | +10.13% | +1.83% | View data |
| 7 | 7 China | 2.06 | 2023 | +9.27% | -0.43% | View data |
| 8 | 8 Netherlands | 1.71 | 2023 | +10.94% | +2.03% | View data |
| 9 | 9 Russia | 1.27 | 2023 | +17.25% | +3.09% | View data |
| 10 | 10 Poland | 1.23 | 2023 | +12.67% | +3.66% | View data |
