Read more about
The International Trade Centre recently published its annual figures on the top countries exporting aircraft and spacecraft. TThe aerospace industry is a high-tech manufacturing industry that exports guided missiles, aircraft, spacecraft, propulsion units, aircraft engines, and similar products. The United States produces more spacecraft than any other country, followed by France, Germany, and the United Kingdom.
5. Canada ($10.6 Billion USD)
Canada earned a total of $10.6 Billion USD in its aerospace product exports in 2015. Aircraft and spacecraft manufacture export was the second in terms of largest improvement, up by 25.7%, among the overall export sectors of Canada in 2015. The Canadian aerospace industry dedicates 20% of its investments in research and development. Canadian aerospace industry manufacturers' outputs are about 60% supply chain related. Canadian aerospace manufacturer firms are producing parts and structures for the civil, defense, and the space programs. Canada is well-known for its aircraft landing gear markets.
4. United Kingdom ($19.0 Billion USD)
The United Kingdom's total amount earned by its aerospace product exports is today around $19 Billion USD annually. The aerospace sector of aircraft and spacecraft industries exports was the fastest growing there in 2015. These made up 4.1% of overall exports from the United Kingdom. Figures show that the aerospace manufacturing industry exports there were up by 18.2% from 2011 to 2015. The main advantage of the United Kingdom aerospace industry is its high-tech engineering and services industries. Its expertise are most pronounced in landing gear, mechanical, fuel, electrical power, and avionics. Rolls Royce is not only a British luxury automobile manufacturer, but a major aerospace company as well.
3. Germany ($41.4 Billion USD)
Germany registered a total amount of about $41.4 Billion USD worth of aerospace exports in 2015. The aircraft and spacecraft product exports were second in terms of improvement in export sales, and the sector accounted for 2.9% of the overall exports from Germany in 2014. Aircraft and spacecraft export sales increased by $15.4 billion USD in 2014, up by 246.9%. Germany counts itself as one of Europe's leading manufacturers, and as one having an extensive R&D infrastructure. It aeronautics industry provides service and products for the civil, space, and defense sectors in aviation.
2. France ($51.8 Billion USD)
France exported about $51.8 Billion USD worth of aerospace products in 2015. France's aircraft and spacecraft industries were the second highest dollar earning value sector, comprising 10.7% of total French global exports in 2015. Figures show that among all French exports, the aerospace industry was the only product sector to show an increase in value added. France has a strong advantage over several other countries in this category due to Research and Development (R & D) access. "Aerospace Valley" in southwest France around Toulouse is a hub for aerospace engineering, with research facilities that include aviation schools, aerospace research laboratories, and an experimental center for aircraft disassembly. Airbus and Safran are among the leading French aerospace companies.
1. USA ($331.7 Billion)
The United States exported about $331.7 Billion USD on aerospace products in 2015. The aircraft and spacecraft industries remain the fastest growing industry in the US today, and constitute the third highest export sector at 8.7% of the overall exports of the United States. These include aircraft launching gear and deck-arresting landing equipment. The United States has the largest aerospace industry in the world today, and this supports the production of high-tech products and services for civil, space, and defense air programs alike. In the United States, the biggest customers are the Department of Defense and NASA. On the other side of the equation, Boeing, Lockheed Martin, United Technologies, Northrop Grumman, Raytheon, and General Electric are all major American aerospace production companies.
Top Aircraft, Space Craft, And Aeronautics Parts Export Countries
|Rank||Country||Export Value (Billions)|
Your MLA Citation
Your APA Citation
Your Chicago Citation
Your Harvard CitationRemember to italicize the title of this article in your Harvard citation.