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Export News
11-06-2025
In 2024, the international trade of aerospace-related products generated US$327.1 billion in global export revenues.
This figure reflects a 48.1% increase from 2020 levels, when the export value stood at $220.9 billion. On a yearly basis, aerospace exports saw a 6.9% uptick compared to the $306 billion recorded in 2023.
Aerospace goods—including aircraft, spacecraft, satellites, and related components—are categorized under Harmonized Tariff Code 88, a two-digit prefix that streamlines international trade tracking.
In 2024, the top five aerospace exporting nations were: United States, France, Germany, United Kingdom, Canada
Together, these countries accounted for an impressive 73.3% of total global aerospace exports, highlighting a highly concentrated group of dominant suppliers in the sector.
Export Performance by Continent
·North America topped the charts, contributing 45.9% of global aerospace export value.
·Europe followed with a 38.8% share.
·Asia rounded out the top three at 12.6%.
Other regions contributed modestly:
·Latin America (excluding Mexico) and the Caribbean: 1.7%
·Oceania (led by Australia and New Zealand): 0.6%
·Africa: 0.5%
Top 15 Countries by Aerospace Export Value (2024)
1.United States – $134.2 billion (41%)
2.France – $40.3 billion (12.3%)
3.Germany – $36.1 billion (11.1%)
4.United Kingdom – $16 billion (4.9%)
5.Canada – $13.2 billion (4%)
6.India – $7.4 billion (2.3%)
7.Ireland – $7.2 billion (2.2%)
8.Mainland China – $7.1 billion (2.2%)
9.Spain – $6.5 billion (2%)
10.Italy – $5.6 billion (1.7%)
11.Singapore – $5.3 billion (1.6%)
12.Brazil – $4.4 billion (1.3%)
13.Hong Kong – $2.7 billion (0.8%)
14.United Arab Emirates – $2.6 billion (0.8%)
15.Mexico – $2.5 billion (0.8%)
Collectively, these countries were responsible for 89% of all aerospace exports in 2024.
Fastest-Growing and Declining Exporters
Top Growth Markets (2023–2024):
·India: +284.5%
·Mexico: +224.6%
·Hong Kong: +60.7%
·Ireland: +39.8%
Export Declines:
·United Arab Emirates: –50.7%
·Italy: –14.7%
·Singapore: –1.8%
·Germany: –0.7%
Leading Aerospace Export Companies (2024)
Based on data from Tendata, here are the top aerospace exporters by shipment value:
1.PT Pudak Scientific – 12.79% ($5.98M)
2.SBS 76 LLC – 10.15% ($4.75M)
3.Lakshmi Machine Works Limited – 9.29% ($4.35M)
4.Raghu Vamsi Machine Tools Pvt Ltd – 8.26% ($3.86M)
5.SFO Technologies Pvt Ltd – 7.97% ($3.73M)
6.Aerovics S.A. de C.V. – 7.94% ($3.72M)
7.Ferra Aerospace Pvt Ltd – 6.12% ($2.87M)
8.Berkut State Airline, Kazakhstan – 5.09% ($2.38M)
9.VSMPO-AVISMA Corporation (Russia) – 3.71% ($1.74M)
10.Hanwha Aero Engines Co., Ltd (Vietnam) – 3.01% ($1.41M)
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