2022
Exports
$3.81BWorld Rnk 10 / 192
Flag Rnk 187 / 1216
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$9.91BWorld Rnk 3 / 207
Flag Rnk 29 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

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 (45), GE RENEWABLES NORTH AMERICA LLC (24), and Euromarket Designs (22) were at the forefront of shipping Gas Turbines from China to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gas Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$201M (210%)
Hong Kong$135M (25.7%)
United Kingdom$92.5M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY China WERE (2021 - 2022):
Vietnam-$252M (-97.7%)
Netherlands-$189M (-83.1%)
Poland-$62.8M (-49.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, China's main exporting competitors in Gas Turbines were:
In 2022, China's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $338M
TOP IMPORT POTENTIALUnited Kingdom+ $366M

Gas Turbines’s highest export potential is United States. With an export gap of $338M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $366M.

See methodology.

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