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2023
Exports $29.1BWorld Rnk 2 / 199
Flag Rnk 3 / 1216
2023
Destination $1.4B Hong Kong
2022 - 2023
FASTEST GROWING MARKET $1.4BHong Kong
2023
PRODUCT COMPLEXITY IN Gas Turbines0.7Rnk 283 / 1025
2023
Imports $13.5BWorld Rnk 6 / 210
Flag Rnk 8 / 1214
2023
Origin $779M United States
2022 - 2023
FASTEST GROWING ORIGIN $779MHong Kong
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $29.1B 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: Hong Kong ($4.07B), Singapore ($3.95B), United States ($3.89B), France ($2B), and Germany ($1.69B).

The fastest growing export markets for Gas Turbines of United Kingdom between 2022 and 2023 were Hong Kong ($1.4B), United States ($967M), and Singapore ($854M).

Imports In 2023, United Kingdom imported $13.5B in Gas Turbines, becoming the 6th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 8th most imported product in United Kingdom. United Kingdom imports Gas Turbines primarily from: United States ($5.32B), France ($2.04B), Hong Kong ($780M), Germany ($727M), and Japan ($686M).

The fastest growing import markets in Gas Turbines for United Kingdom between 2022 and 2023 were Hong Kong ($779M), France ($730M), and Spain ($187M).

COMPANIES In 2023, leading companies such as Amazon (2), Heineken (1), and Rolls-Royce (1) were at the forefront of shipping Gas Turbines from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Gas Turbines exports accounted up to £2.22B and imports accounted up to £1.33B, resulting in a positive trade balance of £897M. Between November 2023 and November 2024 the exports of United Kingdom's   Gas Turbines have decreased by £-481M (-17.8%) from £2.7B to £2.22B, while imports decreased by £-476M (-26.4%) from £1.8B to £1.33B.

Destinations In November 2024, Gas Turbines were exported mostly to Germany (£345M), Hong Kong (£336M), United States (£298M), Singapore (£260M), and France (£191M), and were imported mostly from United States (£436M), Germany (£137M), Singapore (£90.2M), Spain (£85M), and Japan (£81.5M).

Growth In November 2024, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-133M or -72.8%), India (£-58.1M or -62.1%), and China (£-27.7M or -74.4%). In November 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
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-481M(-17.8%)
IMPORT GROWTH (November 2023 - November 2024)£-476M(-26.4%)
MAIN EXPORTER (November 2024)London Heathrow Airport£1.09B
MAIN DESTINATION (November 2024)Germany£345M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$29.1B
IMPORTS (2023)$13.5B
NET TRADE (2023)$15.6B

In 2023, United Kingdom exported $29.1B in Gas Turbines. The main destinations of United Kingdom exports on Gas Turbines were Hong Kong ($4.07B), Singapore ($3.95B), United States ($3.89B), France ($2B), and Germany ($1.69B).

In 2023, United Kingdom imported $13.5B in Gas Turbines, mainly from United States ($5.32B), France ($2.04B), Hong Kong ($780M), Germany ($727M), and Japan ($686M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Hong Kong$1.4B (52.4%)
United States$967M (33.1%)
Singapore$854M (27.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United Kingdom WERE (2022 - 2023):
Qatar-$887M (-84%)
Spain-$300M (-38.1%)
India-$190M (-51.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Gas Turbines were:
United States $69.3B
France $19.2B
In 2023, United Kingdom's main importing competitors in Gas Turbines were:
United States $29.8B
Hong Kong $16.5B
Germany $14.4B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $366M
TOP IMPORT POTENTIALUnited States+ $146M

Gas Turbines’s highest export potential is China. With an export gap of $366M.   Gas Turbines’s highest import potential is United States with an import gap of $146M.

See methodology.

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