US Commercial Service Aerospace Team :Aerospace & Defense Exporter Alert, Oct. 2022

 

Brought to you by the U.S. Department of Commerce's, Industry & Analysis - Aerospace Office and U.S. Commercial Service Market of the Month, Australia Indo-Pacific Economic Framework for Prosperity (IPEF) Top U.S. Export Destinations, IPEF Signature Events & Programs Global Trade Events Contact Us

Market of the Month, Australia Australia’s aerospace and defense industries include niche manufacturing sectors augmented by a much larger service sector engaged in passenger and cargo transportation, national security, search and rescue, industry-based aviation, infrastructure, maintenance, repair and overhaul. However the national economy is of a First World, affluent nature with commensurate expectations and so Australia is a substantial importer of both civil and defense systems. It is a top 4 importer of defense systems/arms and a top 20 importer of civil aircraft, with national policy initiatives in play to grow both the local defense industry – notably in terms of naval shipbuilding and weapons manufacture – and its space industry. Estimates vary, especially as civil aerospace recovers from the decline in commercial aviation 2019-2021, but civil aerospace had an estimated annual revenue of close to USD 20 Billion in 2019-2020; defense spending was of the order of USD 32 Billion in 2021, including USD 20 Billion almost evenly split between acquisition and sustainment. The space industry had an estimated turnover of about USD 2.5 Billion. Exports are comparatively small but targeted for substantial growth. The U.S. has a long history of trade, investment and defense cooperation with Australia; the ANZUS Treaty dating from 1951; a Free Trade Treaty (AUSFTA) dating from 2005; and a substantial trade and investment partnership ranking it as Australia’s major economic partner. Defense Australia spends a little over 2 per cent of its GDP on defense, equating to approx. USD 32 Billion in 2021, ranking 11th (IISS) or 12th (SIPRI) worldwide ie approx. the same as Italy. It is a major importer with the U.S. by far its largest supplier.  More... Space As of 2017 the Australian space industry was estimated to employ around 10,000 FTE (full time equivalents) and generate USD 2-3 Billion in annual revenue. The ASA was expected to help facilitate a tripling of the Australian space economy and creation of a further 20,000 new jobs by 2030. More... Civil Aviation Australia’s civil aviation industry is one of the world’s oldest, with national carrier QANTAS celebrating its 100th birthday in 2021. Together with Virgin Australia, Jetstar, Rex and various smaller regional airlines, Australia had over 550 aircraft being flown by commercial airlines prior to covid-19 disruption to air travel in 2020. More... Business Aviation Australia also has the 2nd largest business aviation fleet in Asia (China 340, Australia 209). Textron Aviation, Gulfstream Aerospace and Bombardier are forecast to deliver most future aircraft into the Asia region, with deliveries worth an estimated $18.3 billion at list prices over the next decade. More... Civil (turbine) Helicopters Australia also has the largest civil (turbine) helicopter fleet in Asia (Australia 908, China 766) and recorded the greatest net growth (32). McDermott Aviation is the largest operator (39) followed by Babcock (33) and Heli West (26). More... Upcoming Events - LAND FORCES, Oct. 4 – 6, 2022 - Parari, Nov. 8 – 10, 2022 - MilCIS, November 15 – 17, 2022 - AVALON, Feb. 28 – Mar. 3, 2023 - MRO Australasia, May 17 – 18, 2023 - INDO PACIFIC, Nov. 7-9 2023 - ROTORTECH, Jun. 2024 More...   Meet Doug Hartley Aerospace & Defense Commercial Specialist U.S. Embassy Australia - Canberra

Indo-Pacific Economic Framework for Prosperity (IPEF) The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022, with a dozen partners, including Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. Together these partners represent 40 percent of the world’s GDP. IPEF will enable the United States and our allies to decide on rules of the road that ensure American workers, small businesses, and ranchers can compete in the Indo-Pacific. In addition, the framework will help lower costs by making our supply chains more resilient in the long term, protecting us against costly disruptions that lead to higher prices for consumers. In July, over 100 delegates and 65 virtual delegates met in Singapore for the first meeting of IPEF Senior Officials and experts to discuss the four pillars of IPEF: Connected Economy, Resilient Economy, Clean Economy, and Fair Economy. These four pillars will establish high-standard commitments that will deepen our economic engagement in the region. For more information see the White House Fact Sheet on IPEF. Top U.S. Export Destinations, IPEF 12 Month Aerospace & Defense Exports to the IPEF Countries (USD: July 2021 - June 2022)   Civil Aircraft, Engines, and Parts Defense Civil & Defense AUSTRALIA $868,009,021 $584,116,739 $1,452,125,760 BRUNEI $8,767,588 $4,232,858 $13,000,446 FIJI $47,410,809 $2,883 $47,413,692 INDIA $1,261,523,580 $529,619,101 $1,791,142,681 INDONESIA $173,318,261 $69,058,832 $242,377,093 JAPAN $2,644,099,952 $1,025,971,920 $3,670,071,872 KOREA $1,217,388,298 $762,194,808 $1,979,583,106 MALAYSIA $809,868,927 $30,898,385 $840,767,312 NEW ZEALAND $668,001,967 $26,922,015 $694,923,982 PHILIPPINES $141,862,163 $15,423,499 $157,285,662 SINGAPORE $4,383,483,802 $528,180,429 $4,911,664,231 THAILAND $589,393,690 $96,472,365 $685,866,055 VIETNAM $279,686,043 $3,066,560 $282,752,603         ALL IPEF $13,092,814,101 $3,676,160,394 $16,768,974,495 Visuals and data... Signature Events & Programs DEFENSE OPPORTUNITIES IN BRAZIL Webinar Wednesday, Oct. 19, 2022 01:00 PM Washington, DC Please join us to learn about business opportunities in Brazil. This webinar will provide you with in-depth insights on current and future requirements, where to find procurement opportunities, and how to bid on available contracts. REGISTER NOW - Contact Chris Petersen with questions. United Nations Procurement: Aviation Defense & Security Industry Roundtable Webinar Thursday, Oct. 13, 2022 3:30 pm – 5:00 PM EST Presentation and roundtable discussion with a focus on opportunities for UAV, Air Charter, ISR, and Security Equipment and Services Join the U.S. Commercial Service New York and the U.S. Mission to the United Nations for a presentation and roundtable for companies in the UAV, Air Charter, ISR, and Security Equipment and Services. REGISTER NOW - Contact Susan Hettleman with questions. Indo Defense – Aerospace and Defense Trade Mission to Indonesia Jakarta and Bandung October 31 - November 4, 2022 The United States Department of Commerce, International Trade Administration (ITA) is organizing an Indo Defense - Aerospace and Defense Trade Mission (IDADTM) to Indonesia. This trade mission will take place in conjunction with Indo Defense Expo & Forum, which runs from November 2-5. The IDADTM will connect a select group of U.S. aerospace and defense manufacturers and service providers with opportunities in the Indonesian market. Delegates will benefit from the guidance and insights of ITA’s commercial teams working in these markets, customized one-on-one business appointments with pre-screened partners, a business excursion to facilities at one of Indonesia’s leading manufacturing hubs, and opportunities to network with Indonesia government and aerospace industry officials. The mission will introduce U.S. firms to aerospace and defense stakeholders in the region and assist U.S. companies in finding foreign business partners to export their products and services to Indonesia. Click here for more information and contact Andrey Piroozgar or Luke Yanos to sign-up. Executive-Led Aerospace & Defense Trade Mission to the Middle East Israel, Saudi Arabia and Bahrain  November 6-11, 2022 The United States Department of Commerce, International Trade Administration (ITA), is organizing an Aerospace and Defense Trade Mission to the Middle East on November 6-11, 2022. This mission will be led by Arun Venkataraman, Assistant Secretary for Global Markets. The purpose of the mission is to introduce U.S. companies to the aerospace and defense ecosystem in key Middle Eastern countries, and assist delegate companies with finding business partners and exporting their products and services to the region. Mission delegates will have access to business development opportunities across Israel, Bahrain, and Saudi Arabia. Participating firms will gain market insight, make industry contacts, solidify business strategies, and advance specific projects, with the goal of increasing U.S. exports of products and services in the aerospace and defense sectors. The subsectors will depend on the nature of the market, potential demand, prospective government procurements, and other factors closer to the start of recruitment. The mission will include customized one-on-one business appointments with pre-screened potential buyers, agents, distributors, and joint venture partners. It will also include meetings with central, state, and local government officials and industry leaders, as well as networking events. Full details and sign-up information is located on our web site.  Please direct questions to Melissa Grosso or Fernando Jimenez. Global Trade Events United Kingdom Oct. 18-20, 2022  MRO Europe Orlando, FL Oct. 18-20, 2022 NBAA-BACE Kazakhstan Oct. 19-21, 2022 Airport Expo 2022 Canada Oct. 26, 2022 SYMPOSIUM Jordan Oct. 31 - Nov. 3, 2022 SOFEX United Kingdom Nov. 2-3, 2022 (3CDSE) Indonesia Nov. 2-5, 2022 Indo Defence Washington, D.C. Nov. 7-9, 2022 ATCA Global China Nov. 8-13, 2022 China Airshow Mexico Nov. 15-16, 2022 Aerospace Summit France Nov. 29 - Dec. 1, 2022 Aeromart Toulouse Vietnam Dec. 8-10, 2022 Vietnam Defense Show UAE Feb. 20-24, 2023 IDEX Australia Feb. 28 - Mar. 5, 2023 Avalon Airshow Japan Mar. 15-17, 2023 DSEI Japan Canada April 4-6, 2023 Aeromart Montreal Brazil April 11-14, 2023 LAAD Mexico Apr. 26-29, 2023 FAMEX Singapore May 3-5, 2023 Rotorcraft Asia Singapore May 3-5, 2023 IMDEX Asia  Greece May 9- 11, 2023 DEFEA Spain May 17-19, 2023 FEINDEF France June 19-25, 2023 Paris Airshow Colombia July 12-16, 2023 F-Air United Kingdom Sep. 12-15, 2023 DSEI So. Korea Oct. 17-22, 2023 ADEX UAE Nov. 12-16, 2023 Dubai Airshow Saudi Arabia Feb. 4-8, 2024 World Defense Show   Contact Us Our mission is to increase U.S. exports, enhance job creation, strengthen national security, promote and protect U.S. commercial interests abroad, and deliver customized solutions to ensure that U.S. businesses compete and win in the global marketplace. Export assistance is provided to U.S. companies who manufacture goods and/or provide services of at least 51% U.S. content. We assist companies in the following areas: International Trade Counseling, Business Matchmaking, Market Intelligence, Customized Services, and much more. Contact Us to find your local International Trade Specialist. Please direct newsletter questions to Erica Ramirez at Erica.Ramirez@trade.gov.