The overall value of aerospace exports declined by an average -11.7% from five years earlier in 2019 when aerospace shipments were valued at $337.7 billion.
Year over year, the value of aerospace exports accelerated by 17.4% compared to $253.9 billion starting in 2022.
The 5 biggest exporters of aerospace products are suppliers in the United States of America, France, Germany, United Kingdom and Canada. Collectively, that powerful cohort generated three-quarters (75.1%) of globally exported aerospace goods in 2023. Such a high percentages suggests a relatively concentrated set of international aerospace suppliers.
From a continental perspective, exporters in North America sold the highest dollar value worth of aerospace products on international markets generating 46.1% of the worldwide total. In second place at 39.3% are providers in Europe while another 11.7% worth originated from Asia.
Tinier percentages were sourced from suppliers in Latin America (1.7%) excluding Mexico but including the Caribbean, Africa (0.7%), then Oceania (0.5%) led by Australia.
For research purposes, the 2-digit Harmonized Tariff System code prefix is 88 for aircraft and spacecraft, satellites and related goods.
Aerospace Exports by Country
Below are the 15 countries that exported the highest dollar value worth of aerospace products during 2023.
- United States: US$124.9 billion (41.9% of aerospace products exports)
- France: $38.2 billion (12.8%)
- Germany: $34.2 billion (11.5%)
- United Kingdom: $14.8 billion (5%)
- Canada: $11.8 billion (4%)
- China: $6.9 billion (2.3%)
- Italy: $6.6 billion (2.2%)
- Singapore: $5.4 billion (1.8%)
- Ireland: $5.1 billion (1.7%)
- Spain: $4.9 billion (1.6%)
- Brazil: $3.6 billion (1.2%)
- Netherlands: $2.9 billion (1%)
- Türkiye: $2.8 billion (0.9%)
- South Korea: $2.46 billion (0.8%)
- Japan: $2.12 billion (0.7%)
By value, the listed 15 countries shipped 89.5% of all aerospace products exported in 2023.
Among the top exporters, the fastest-growing aerospace products exporters since 2022 were: Ireland (up 78.9%), South Korea (up 47.6%), Türkiye (up 38.7%) and Netherlands (up 34.8%).
Spain was the lone supplier to post a decline in sales of exported aerospace products, recording a -9.4% reduction from 2022.
Searchable List of Aerospace Exporting Countries in 2023
The 100 key exporters in the following automated database sold 99.95% of globally aerospace products during 2023.
| Rank | Exporter | Aerospace Exports | 2022-3 |
|---|---|---|---|
| 1. | United States | $124,909,470,000 | +21.4% |
| 2. | France | $38,177,031,000 | +14.7% |
| 3. | Germany | $34,221,478,000 | +16.3% |
| 4. | United Kingdom | $14,777,846,000 | +11.8% |
| 5. | Canada | $11,771,814,000 | +15.9% |
| 6. | China | $6,917,068,000 | +24.3% |
| 7. | Italy | $6,564,226,000 | +17.8% |
| 8. | Singapore | $5,444,902,000 | +7.7% |
| 9. | Ireland | $5,128,183,000 | +78.9% |
| 10. | Spain | $4,894,499,000 | -9.4% |
| 11. | Brazil | $3,551,459,000 | +17.9% |
| 12. | Netherlands | $2,893,063,000 | +34.8% |
| 13. | Türkiye | $2,756,906,000 | +38.7% |
| 14. | South Korea | $2,462,465,000 | +47.6% |
| 15. | Japan | $2,116,185,000 | +32.9% |
| 16. | Switzerland | $2,110,943,000 | +11.1% |
| 17. | Israel | $2,089,583,000 | -9.4% |
| 18. | India | $1,933,292,000 | +40.4% |
| 19. | Hong Kong | $1,697,887,000 | +105.3% |
| 20. | Thailand | $1,679,687,000 | -16.2% |
| 21. | United Arab Emirates | $1,532,305,000 | -64.8% |
| 22. | Austria | $1,467,186,000 | +17% |
| 23. | Saudi Arabia | $1,365,348,000 | +144.1% |
| 24. | Malaysia | $1,324,493,000 | -7.6% |
| 25. | Australia | $1,298,737,000 | +24.3% |
| 26. | Morocco | $1,262,165,000 | -6.1% |
| 27. | Belgium | $912,374,000 | +18.1% |
| 28. | Poland | $794,668,000 | +76.3% |
| 29. | Mexico | $777,142,000 | +15.3% |
| 30. | Czech Republic | $712,858,000 | +15.7% |
| 31. | Vietnam | $623,686,000 | +16.4% |
| 32. | Chile | $616,311,000 | +7.1% |
| 33. | Russia | $601,377,000 | +24.2% |
| 34. | Slovakia | $519,807,000 | +1011% |
| 35. | Romania | $454,437,000 | -6.7% |
| 36. | Kuwait | $431,141,000 | +29012% |
| 37. | Philippines | $424,828,000 | -0.4% |
| 38. | Denmark | $423,828,000 | +12.5% |
| 39. | Tunisia | $421,629,000 | +29.1% |
| 40. | Sweden | $421,343,000 | +8.6% |
| 41. | Oman | $408,777,000 | +98.7% |
| 42. | Cayman Islands | $395,903,000 | +99% |
| 43. | Norway | $392,476,000 | +14.1% |
| 44. | Taiwan | $385,154,000 | -2.8% |
| 45. | South Africa | $344,909,000 | +12.7% |
| 46. | Portugal | $342,714,000 | -8.2% |
| 47. | Luxembourg | $192,411,000 | +32.5% |
| 48. | Bulgaria | $189,299,000 | +128.1% |
| 49. | Kazakhstan | $178,975,000 | +93.6% |
| 50. | Bangladesh | $173,065,000 | +326.3% |
| 51. | Hungary | $168,677,000 | -83% |
| 52. | Indonesia | $162,907,000 | +73.8% |
| 53. | Latvia | $148,495,000 | +106.7% |
| 54. | Greece | $141,961,000 | +90% |
| 55. | Slovenia | $106,303,000 | -1.2% |
| 56. | Jordan | $99,782,000 | +29.5% |
| 57. | Finland | $99,725,000 | -24.4% |
| 58. | Bahrain | $89,427,000 | -9.4% |
| 59. | Croatia | $88,321,000 | +62.1% |
| 60. | Ecuador | $81,347,000 | +27.2% |
| 61. | Sri Lanka | $80,784,000 | +417.7% |
| 62. | Lithuania | $76,366,000 | -22.7% |
| 63. | Estonia | $73,395,000 | +145.9% |
| 64. | Nepal | $66,842,000 | +20854% |
| 65. | Guyana | $62,334,000 | +102087% |
| 66. | Malta | $61,188,000 | +6.1% |
| 67. | Mongolia | $49,415,000 | +4.7% |
| 68. | Brunei Darussalam | $46,548,000 | -15.6% |
| 69. | Trinidad/Tobago | $43,408,000 | -76.6% |
| 70. | Colombia | $41,158,000 | -44.7% |
| 71. | Myanmar | $39,721,000 | -55.9% |
| 72. | British Virgin Is | $39,519,000 | +146267% |
| 73. | Iraq | $38,639,000 | -8.4% |
| 74. | Kyrgyzstan | $33,851,000 | +68.3% |
| 75. | New Zealand | $29,868,000 | -11.6% |
| 76. | Uganda | $29,759,000 | +68% |
| 77. | Bolivia | $28,977,000 | +630.3% |
| 78. | Ukraine | $26,163,000 | -1.8% |
| 79. | Armenia | $26,079,000 | +244% |
| 80. | Peru | $24,156,000 | +226.1% |
| 81. | Gabon | $21,505,000 | -46.2% |
| 82. | Timor-Leste | $19,132,000 | +9612% |
| 83. | Ivory Coast | $17,252,000 | +1152% |
| 84. | Georgia | $16,682,000 | +38.1% |
| 85. | Qatar | $12,683,000 | -93.6% |
| 86. | Uzbekistan | $11,285,000 | -0.9% |
| 87. | Madagascar | $11,162,000 | +205.2% |
| 88. | Montenegro | $11,075,000 | +129.8% |
| 89. | Fiji | $10,329,000 | +14.4% |
| 90. | Papua New Guinea | $10,205,000 | +0.3% |
| 91. | Burkina Faso | $10,109,000 | +42.5% |
| 92. | Democratic Rep. Congo | $8,686,000 | +133.8% |
| 93. | Djibouti | $8,630,000 | -40.9% |
| 94. | Costa Rica | $8,543,000 | +14.1% |
| 95. | Namibia | $8,361,000 | +62.2% |
| 96. | Macao | $8,195,000 | -56.6% |
| 97. | Cyprus | $8,182,000 | -84.8% |
| 98. | Senegal | $8,093,000 | -38.1% |
| 99. | Serbia | $8,038,000 | -18.2% |
| 100. | Pakistan | $7,798,000 | -58.5% |
The greatest percentage increases from 2022 to 2023 belong to relatively small aerospace suppliers in British Virgin Islands (up 146,267%), Guyana (up 102,087%), Kuwait (29,012%), Nepal (up 20,854%), Timor-Leste (up 9,612%) and Ivory Coast (up 1,152%).
You can change the presentation order by clicking the triangle icon at the top of any of the columns above. An entry of 0% in the right-most column means that no 2022 data was available.
Countries Generating Largest Surpluses from Aerospace Trade
The following countries posted the highest positive net exports for aircraft and spacecraft during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s aircraft exports and its import purchases for that same commodity.
- United States: US$94.8 billion (net export surplus up 25.2% since 2021)
- France: $25.3 billion (up 23.6%)
- Germany: $21.1 billion (up 17.7%)
- Italy: $3.7 billion (up 35.8%)
- Canada: $2.8 billion (up 28.2%)
- Israel: $1.7 billion (down -10.2%)
- Brazil: $661.5 million (up 283.6%)
- Chile: $519.1 million (up 92.1%)
- Mexico: $486.9 million (up 16.4%)
- Slovakia: $465.7 million (up 4,307%)
- Cayman Islands: $381.3 million (up 267.9%)
- Austria: $325.3 million (down -22.8%)
- Tunisia: $300.1 million (up 59%)
- Spain: $295.6 million (down -56.7%)
- Belgium: $234.6 million (reversing a -$236.9 million deficit)
The United States of America generated the greatest surplus in the international trade of aerospace goods. In turn, this positive cashflow confirms the strong U.S. competitive advantage for this technology-based product category.
Countries Causing Worst Deficits from Aerospace Trade
The following countries posted the highest negative net exports for aircraft during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s aerospace import purchases and its exports for that same commodity.
- Ireland: -US$15.7 billion (net export deficit up 5.8% since 2022)
- India: -$8.2 billion (up 269.8%)
- Qatar: -$4.83 billion (up 533.4%)
- Singapore: -$4.76 billion (up 117%)
- mainland China: -$4.5 billion (down -16.8%)
- Saudi Arabia: -$3.2 billion (up 98.1%)
- United Arab Emirates: -$2.8 billion (reversing a $1.2 million deficit)
- Malaysia: -$2.5 billion (down -5.7%)
- Colombia: -$2.32 billion (down -4.2%)
- Taiwan: -$2.29 billion (up 16.4%)
- Japan: -$1.93 billion (up 18.4%)
- Hong Kong: -$1.9 billion (up 92.6%)
- Netherlands: -$1.7 billion (down -2.8%)
- Türkiye: -$1.5 billion (up 11.5%)
- Kuwait: -$1.4 billion (up 1717%)
Ireland incurred the severest deficit in the international trade of aircraft and spacecraft in 2023. In turn, this negative cashflow highlights Ireland’s strong competitive disadvantage for this specific product category but also signals opportunities for aeropace-supplier countries that help satisfy the powerful Irish demand.
Aircraft Exporting Companies
Below are global aerospace conglomerates that represent the largest players in the worldwide aerospace market trade. Shown within parenthesis is the country where the company is headquartered.
- Airbus (France)
- Boeing (United States)
- Finmeccanica (Italy)
- General Electric (United States)
- Lockheed Martin (United States)
- Northrop Grumman (United States)
- Raytheon (United States)
- Rolls Royce (United Kingdom)
- Safran (France)
- United Technologies (United States)
See also United States Top 10 Exports, America’s Top Trading Partners and Aircraft Parts Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on September 4, 2024
Fire Support Aerospace and Defense Marketing, Top 100 Aerospace Companies — 2019. Accessed on September 4, 2024
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on September 4, 2024
International Trade Centre, Trade Map. Accessed on September 4, 2024
Investopedia, Net Exports Definition. Accessed on September 4, 2024