Product intelligence · HS 841112 · 2024 data

Turbo-jets: of a thrust exceeding 25kN

Global exports of turbo-jets: of a thrust exceeding 25kn totalled $79,500,737,086 in 2024, a +1.4% change from the previous year. Traded by 132 countries across 1,196 bilateral corridors, with demand from 132 importing markets. The long-term trend is rapid growth.

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

Global trade

$79.5B

+1.4% YoY

3Y / 5Y CAGR

+12.6%

5Y: +5.0%

Supply structure

Moderately concentrated

HHI 0.152

Volatility

Low

Score 9/100

1.

Market movement

In 2024, turbo-jets: of a thrust exceeding 25kn trade exhibited modest growth, with global flows reaching $79,500,737,086 and a three-year compound annual growth rate of +12.6% (five-year: +5.0%). The all-time peak of $79,500,737,086 was recorded in 2024.

Over the 30-year observation window (19952024), 79% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is strengthening (+3.8% acceleration).

The World Trade Flows Characterization classifies turbo-jets: of a thrust exceeding 25kn as "Two-way vertical 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 moderately concentrated (Herfindahl-Hirschman Index 0.152). The three largest exporters — United States ($22.2B), United Kingdom ($17.3B), and France ($10.3B) — collectively dominate supply flows. The leading exporter has grown at +16.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.058). The three largest import markets are United States ($9.9B), Hong Kong ($7.9B), and United Kingdom ($6.8B). The largest importing market sources from 60 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 China → Hong Kong at $3.6B, representing 45.9% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for turbo-jets: of a thrust exceeding 25kn is 9 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. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

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

Historical evidence

Annual trade value 19952024

Peak: $79,500,737,086 in 2024.

YearGlobal trade (USD)YoY growth
2015$31,622,224,092-7.7%
2016$35,904,244,145+13.5%
2017$44,189,789,598+23.1%
2018$56,122,072,380+27.0%
2019$62,196,051,188+10.8%
2020$51,453,873,446-17.3%
2021$55,708,038,289+8.3%
2022$64,234,235,445+15.3%
2023$78,384,046,909+22.0%
2024$79,500,737,086+1.4%

Top exporting countries

Ranked by export value of turbo-jets: of a thrust exceeding 25kn in 2024.

View all 132 exporters →

Top importing markets

Largest import destinations for turbo-jets: of a thrust exceeding 25kn.

View all 132 markets →

Leading trade corridors

Largest bilateral export flows for turbo-jets: of a thrust exceeding 25kn, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1ChinaHong Kong$3.6B+13.7%
2United StatesUnited Kingdom$3.2B+15.7%
3CanadaUnited States$3.2B+37.3%
4United StatesSingapore$2.5B+25.9%
5FranceGermany$2.4B+0.8%
6United KingdomUnited States$2.2B+24.4%
7FranceChina$2.1B+33.0%
8United KingdomFrance$1.9B+13.3%

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.