Countries with the highest aerospace exports 2019

In 2019, the United States contributed some 136 billion U.S. dollars in aerospace exports. Thus, making it the leading country in terms of aerospace exports. The country is home to some of the leading manufacturers in the aerospace sector, including Boeing and Lockheed Martin.

United States defense and aerospace exports

During the recent two decades, global military spendinge increased exponentially, reaching over 1.9 trillion U.S. dollars in 2019. The U.S. aerospace and defense industry supplies the majority of the domestic and international demand for arms and military technologies. In terms of international comparison, many of the global leading aerospace and defense manufacturers are located in the U.S. As of 2018, six of 11 leading aerospace and defense companies are based in the U.S. Thus, arms and military defense production makes up a remarkable proportion of the U.S. economy. Boeing Company, United Technologies and Lockheed Martin are the top three leading U.S. defense technology supplier companies based on revenue in 2018.

Lockheed Martin

Lockheed Martin is a leading aerospace, security, military support producing company and largest defense contractor globally. The company is also the leading arms dealer and military equipment producer in the world. To keep its leading position, the defense technology supplier invested consistently on research and development, roughly 1.3 billion U.S. dollars in 2019. During recent years the company experienced a huge growth path since the international conflicts evolved and countries continue increasing their military expenditures. For instance, between 2000 and 2019, the revenue of the Lockheed Martin more than doubled, up from 25 billion U.S. dollars in 2000 to roughly 60 billion U.S. dollars in 2019. On the other hand, the operating profit of the company grew almost eight times during the same period, reaching 8.5 million U.S. dollars in 2019. These indicate a strong growth pattern for the aerospace and defense supplier Lockheed Martin.

Leading countries with the highest aerospace exports in 2019

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Source

Release date

2020

Region

Worldwide

Survey time period

2019

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Statistics on "Military aircraft manufacturing"

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