Gas Turbines in United Kingdom 2021 Exports | Imports : $21.9B | $9.83B, World Rnk 2 / 193 Rnk 3 / 1216 | World Rnk 3 / 210 Rnk 12 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $788M | $432M, Germany | France
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Gas Turbines: 0.71, Rnk 271 / 1029
Exports In 2021, United Kingdom exported $21.9B 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 ($2.94B), Singapore ($2.1B), Hong Kong ($2.03B), Germany ($1.85B), and France ($1.64B).
The fastest growing export markets for Gas Turbines of United Kingdom between 2020 and 2021 were Germany ($788M), Netherlands ($745M), and France ($507M).
Imports In 2021, United Kingdom imported $9.83B in Gas Turbines, becoming the 3rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 12th most imported product in United Kingdom. United Kingdom imports Gas Turbines primarily from: United States ($3.48B), France ($1.06B), Germany ($649M), Netherlands ($564M), and Japan ($474M).
The fastest growing import markets in Gas Turbines for United Kingdom between 2020 and 2021 were France ($432M), Portugal ($301M), and Netherlands ($269M).
January 2023
Overview In January 2023 United Kingdom's Gas Turbines exports accounted up to £2.09B and imports accounted up to £1.68B, resulting in a positive trade balance of £417M. Between January 2022 and January 2023 the exports of United Kingdom's Gas Turbines have increased by £533M (34.2%) from £1.56B to £2.09B, while imports increased by £381M (29.4%) from £1.29B to £1.68B.
Destinations In January 2023, Gas Turbines were exported mostly to France (£312M), United States (£267M), Singapore (£222M), Hong Kong (£176M), and Germany (£166M), and were imported mostly from United States (£477M), Singapore (£133M), Germany (£123M), France (£114M), and Ireland (£77.5M).
Growth In January 2023, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Netherlands (£156M or 588%), Singapore (£113M or 168%), and India (£55.8M or 148%). In January 2023, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from France (£110M or 5.29k%), Saudi Arabia (£75.9M or 6.53k%), and United States (£72.4M or 35.4%).
EXPORT GROWTH (January 2022 - January 2023): £533M, (34.2%)
IMPORT GROWTH (January 2022 - January 2023): £381M, (29.4%)
MAIN EXPORTER (January 2023): London Heathrow Airport, £707M
MAIN DESTINATION (January 2023): France, £312M
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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EXPORTS (2021): $21.9B
IMPORTS (2021): $9.83B
NET TRADE (2021): $12.1B
In 2021, United Kingdom exported $21.9B in Gas Turbines. The main destinations of United Kingdom exports on Gas Turbines were United States ($2.94B), Singapore ($2.1B), Hong Kong ($2.03B), Germany ($1.85B), and France ($1.64B).
In 2021, United Kingdom imported $9.83B in Gas Turbines, mainly from United States ($3.48B), France ($1.06B), Germany ($649M), Netherlands ($564M), and Japan ($474M).
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Gas Turbines were:
In 2021, United Kingdom's main importing competitors in Gas Turbines were:
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