FOREIGN TRADE

Key Trade Statistics

  • The impact of COVID-19 on U.S. aerospace & defense trade cannot be understated. Despite significant loss, however, A&D exports still accounted for 6.3 percent of all U.S. exports in 2020. Between 2019 and 2020, American A&D exports dropped by $57.5 billion, or 39 percent, to $90 billion.

 

  • The leading destinations for U.S. A&D exports in 2020 were Germany, France, Canada, the United Kingdom, and Japan. Exports to these five nations collectively amounted to $36.1 billion, around 40 percent of all U.S. A&D exports.

 

  • Despite seismic shifts in trade values, the A&D industry maintained its positive industry trade balance at a value of $40.6 billion. While nowhere near the $79.3 billion industry trade balance achieved in 2019, A&D retained its status as a leading export industry for the United States.

Additional Resources