The US aerospace industry exports experienced fluctuations from 2013 to 2023. From 2013 to 2016, exports grew steadily, with minor setbacks in 2017 and 2019. A significant decline occurred in 2020, largely due to the global pandemic. Recovery began in 2021, and by 2023, exports reached 143.53 billion USD, reflecting an upward trend.
Year-on-year variations over the last two years showed strong recovery, with increases of 41.58% in 2022 and 10.59% in 2023. The CAGR over the last five years (2023) was modest at 0.24%, indicating a gradual recovery phase.
Future trends to watch for include technological advancements, the potential impact of global trade policies, and continued recovery from the pandemic. The forecast predicts a steady increase, with a 5-year CAGR of 1.26% and a forecasted value of 155.39 billion USD by 2028.
