Product intelligence · HS 841111 · 2024 data

Turbo-jets: of a thrust not exceeding 25kN

Global exports of turbo-jets: of a thrust not exceeding 25kn totalled $1,097,205,804 in 2024, a +2.8% change from the previous year. Traded by 95 countries across 757 bilateral corridors, with demand from 143 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$1.1B

+2.8% YoY

3Y / 5Y CAGR

+1.1%

5Y: +0.7%

Supply structure

Concentrated

HHI 0.258

Volatility

Low

Score 5/100

1.

Market movement

In 2024, turbo-jets: of a thrust not exceeding 25kn trade exhibited modest growth, with global flows reaching $1,097,205,804 and a three-year compound annual growth rate of +1.1% (five-year: +0.7%). The all-time peak of $2,633,793,683 was recorded in 2008; the current level is 58% below that high-water mark.

Over the 30-year observation window (19952024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+1.0% acceleration).

The World Trade Flows Characterization classifies turbo-jets: of a thrust not exceeding 25kn as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is concentrated (Herfindahl-Hirschman Index 0.258). The three largest exporters — United States ($450.2M), Canada ($350.8M), and Russia ($101.8M) — collectively dominate supply flows. The leading exporter has grown at +22.0% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.177). The three largest import markets are United States ($356.0M), Canada ($270.2M), and Germany ($62.2M). The largest importing market sources from 36 different supplying countries.

Estimated substitution elasticity: -31.85. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Canada → United States at $281.6M, representing 79.1% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for turbo-jets: of a thrust not exceeding 25kn is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $2,633,793,683 in 2008. Currently 58% below peak.

YearGlobal trade (USD)YoY growth
2015$1,041,221,394-3.8%
2016$1,091,122,063+4.8%
2017$1,049,369,840-3.8%
2018$1,111,859,571+6.0%
2019$1,057,378,219-4.9%
2020$734,537,691-30.5%
2021$1,060,809,707+44.4%
2022$965,626,498-9.0%
2023$1,067,535,083+10.6%
2024$1,097,205,804+2.8%

Top exporting countries

Ranked by export value of turbo-jets: of a thrust not exceeding 25kn in 2024.

View all 95 exporters →

Top importing markets

Largest import destinations for turbo-jets: of a thrust not exceeding 25kn.

View all 143 markets →

Leading trade corridors

Largest bilateral export flows for turbo-jets: of a thrust not exceeding 25kn, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1CanadaUnited States$281.6M-0.5%
2United StatesCanada$252.1M+30.6%
3RussiaChina$50.2M+898.4%
4UkraineChina$43.7M+4.9%
5United StatesGermany$31.9M+10.8%
6United StatesSwitzerland$23.0M+3.1%
7GermanyUnited States$21.2M-18.1%
8United StatesUnited Kingdom$19.5M+70.2%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.