Gas Turbines in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $29.2B in Gas Turbines, making it the 2nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 3rd most exported product in United Kingdom. The main destination of Gas Turbines exports from United Kingdom are: United States ($3.65B), United Kingdom ($3.13B), Singapore ($2.87B), Hong Kong ($2.6B), and Germany ($2.36B).

The fastest growing export markets for Gas Turbines of United Kingdom between 2021 and 2022 were United Kingdom ($1.73B), Singapore ($767M), and United States ($737M).

Imports In 2022, United Kingdom imported $11.5B in Gas Turbines, becoming the 2nd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 10th most imported product in United Kingdom. United Kingdom imports Gas Turbines primarily from: United Kingdom ($3.13B), United States ($2.58B), France ($1.36B), Spain ($652M), and Japan ($552M).

The fastest growing import markets in Gas Turbines for United Kingdom between 2021 and 2022 were United Kingdom ($1.73B), Spain ($347M), and France ($304M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (1), HEINEKEN USA INC. (1), and GOLDEN STATE FC LLC (1) were at the forefront of shipping Gas Turbines from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Gas Turbines exports accounted up to £2.53B and imports accounted up to £1.5B, resulting in a positive trade balance of £1.03B. Between February 2023 and February 2024 the exports of United Kingdom's Gas Turbines have increased by £379M (17.6%) from £2.15B to £2.53B, while imports decreased by £-98.9M (-6.18%) from £1.6B to £1.5B.

Destinations In February 2024, Gas Turbines were exported mostly to United States (£431M), Germany (£316M), Singapore (£289M), Hong Kong (£251M), and France (£159M), and were imported mostly from United States (£445M), France (£156M), Germany (£134M), Spain (£82.8M), and Singapore (£68.8M).

Growth In February 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to France (£214M or 220%), Turkey (£76.3M or 626%), and Germany (£75.6M or 83.3%). In February 2024, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia (£-35.3M or -45.8%), Belgium (£-34M or -97.5%), and Portugal (£-21.4M or -93.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£379M(17.6%)

IMPORT GROWTH (February 2023 - February 2024)£-98.9M(-6.18%)

MAIN EXPORTER (February 2024)London Heathrow Airport£1.08B

MAIN DESTINATION (February 2024)United States£431M

This section shows Gas Turbines's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gas Turbines over time.

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