Gas Turbines in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $3.81B in Gas Turbines, making it the 10th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 187th most exported product in China. The main destination of Gas Turbines exports from China are: Hong Kong ($662M), France ($575M), United States ($521M), Singapore ($297M), and Germany ($186M).

The fastest growing export markets for Gas Turbines of China between 2021 and 2022 were Singapore ($201M), Hong Kong ($135M), and United Kingdom ($92.5M).

Imports In 2022, China imported $9.91B in Gas Turbines, becoming the 3rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 29th most imported product in China. China imports Gas Turbines primarily from: Hong Kong ($4.6B), France ($1.4B), United Kingdom ($586M), Germany ($583M), and Singapore ($556M).

The fastest growing import markets in Gas Turbines for China between 2021 and 2022 were Germany ($422M), France ($108M), and Poland ($80.3M).

COMPANIES In 2023, leading companies such as SCHAEFFLER GROUP USA INC. (1.31k), ADIDAS INTERNATIONAL TRADING AG (520), and WAL-MART INC. (335) were at the forefront of shipping Gas Turbines from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Gas Turbines exports accounted up to $239M and imports accounted up to $808M, resulting in a negative trade balance of $569M. Between February 2023 and February 2024 the exports of China's Gas Turbines have increased by $25.8M (12.1%) from $214M to $239M, while imports increased by $17.1M (2.16%) from $791M to $808M.

Destinations In February 2024, Gas Turbines were exported mostly to France ($70.6M), United States ($56.5M), Hong Kong ($19.5M), Russia ($16.3M), and Germany ($14.5M), and were imported mostly from United States ($503M), France ($147M), United Kingdom ($31.8M), Germany ($27.1M), and Japan ($25.7M).

Growth In February 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to United States ($19.2M or 49.6%), France ($17.4M or 51.9%), and Mexico ($8.39M or 565%). In February 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States ($78.5M or 18.3%), Sweden ($8.33M or 13.7k%), and Hungary ($6.46M or 533%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$25.8M(12.1%)

IMPORT GROWTH (February 2023 - February 2024)$17.1M(2.16%)

MAIN EXPORTER (February 2024)Jiangsu Province$79.2M

MAIN DESTINATION (February 2024)France$70.6M

This section shows Gas Turbines's exports and imports data at subnational level for China. 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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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.81B

IMPORTS (2022)$9.91B

NET TRADE (2022)-$6.1B

In 2022, China exported $3.81B in Gas Turbines. The main destinations of China exports on Gas Turbines were Hong Kong ($662M), France ($575M), United States ($521M), Singapore ($297M), and Germany ($186M).

In 2022, China imported $9.91B in Gas Turbines, mainly from Hong Kong ($4.6B), France ($1.4B), United Kingdom ($586M), Germany ($583M), and Singapore ($556M).

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