Gas Turbines in United Kingdom

EXPORTS (2018): $23.5B, World Rnk 2 / 183
Flag Rnk 4 / 1215

TOP DESTINATION (2018): $4.05B, United States

FASTEST GROWING IN MARKET (2017 - 2018): $3.29B, United States

IMPORTS (2018): $7.95B, World Rnk 2 / 199
Flag Rnk 11 / 1212

TOP ORIGIN (2018): $1.68B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $434M, Germany

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Gas Turbines (2018): 0.26, Rnk 452 / 1018

Exports: In 2018, United Kingdom exported $23.5B in Gas Turbines, making it the 2nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 4th most exported product in United Kingdom. The main destination of Gas Turbines exports from United Kingdom are: United States ($4.05B), United Arab Emirates ($2.55B), Singapore ($2.51B), Hong Kong ($2.12B), and France ($1.71B).

The fastest growing export markets for Gas Turbines of United Kingdom between 2017 and 2018 were United States ($3.29B), Singapore ($2.43B), and Germany ($698M).

Imports: In 2018, United Kingdom imported $7.95B in Gas Turbines, becoming the 2nd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 11th most imported product in United Kingdom. United Kingdom imports Gas Turbines primarily from: Germany ($1.68B), France ($997M), Japan ($808M), United States ($787M), and Netherlands ($437M).

The fastest growing import markets in Gas Turbines for United Kingdom between 2017 and 2018 were Germany ($434M), Singapore ($327M), and Spain ($190M).

Overview: In May 2020 United Kingdom's Gas Turbines exports accounted up to £1.27B and imports accounted up to £545M, resulting in a positive trade balance of £723M. Between May 2019 and May 2020 the exports of United Kingdom's   Gas Turbines have decreased by £-535M (-29.7%) from £1.8B to £1.27B, while imports decreased by £-942M (-63.3%) from £1.49B to £545M.

Destinations: In May 2020 Gas Turbines exported mostly to Singapore (£269M), Qatar (£215M), United States (£170M), Hong Kong (£123M), and France (£82.4M), and imported mostly from United States (£251M), Singapore (£60.5M), Italy (£24.1M), Australia (£23.9M), and Japan (£21.7M).

Growth: In May 2020, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to United States (£-124M or -42%), United Arab Emirates (£-109M or -64.4%), and Japan (£-68.8M or -65.3%). In May 2020, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from United States (£-374M or -59.9%), Netherlands (£-74.6M or -86.2%), and United Arab Emirates (£-74.5M or -97.8%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (May 2019 - May 2020): £-535M, (-29.7%)

IMPORT GROWTH (May 2019 - May 2020): £-942M, (-63.3%)

MAIN EXPORTER (May 2020): London Heathrow Airport, £400M

MAIN DESTINATION (May 2020): Singapore, £269M

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.

Value

EXPORTS (2018): $23.5B

IMPORTS (2018): $7.95B

NET TRADE (2018): $15.5B

In 2018, United Kingdom exported $23.5B in Gas Turbines. The main destinations of United Kingdom exports on Gas Turbines were United States ($4.05B), United Arab Emirates ($2.55B), Singapore ($2.51B), Hong Kong ($2.12B), and France ($1.71B).

In 2018, United Kingdom imported $7.95B in Gas Turbines, mainly from Germany ($1.68B), France ($997M), Japan ($808M), United States ($787M), and Netherlands ($437M).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Gas Turbines WITH:

  • United States, $3.26B ($4.05B - $787M)
  • United Arab Emirates, $2.48B ($2.55B - $69.1M)
  • Singapore, $2.12B ($2.51B - $385M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Gas Turbines WITH:

  • Germany, -$365M ($1.31B - $1.68B)
  • Spain, -$148M ($240M - $387M)
  • Netherlands, -$138M ($300M - $437M)
Flow

THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United Kingdom's main exporting competitors in Gas Turbines were:

In 2018, United Kingdom's main importing competitors in Gas Turbines were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gas Turbines in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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