Gas Turbines in United Kingdom 2020 Exports | Imports : $18.1B | $7.96B, World Rnk 2 / 187 Rnk 3 / 1216 | World Rnk 5 / 203 Rnk 10 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $409M | $2.38B, Ireland | United States
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Gas Turbines: 0.72, Rnk 273 / 1029
Exports In 2020, United Kingdom exported $18.1B 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: United States ($2.98B), Singapore ($2.52B), Hong Kong ($2.48B), United Arab Emirates ($1.18B), and France ($1.13B).
The fastest growing export markets for Gas Turbines of United Kingdom between 2019 and 2020 were Ireland ($409M), Hong Kong ($234M), and Israel ($152M).
Imports In 2020, United Kingdom imported $7.96B in Gas Turbines, becoming the 5th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 10th most imported product in United Kingdom. United Kingdom imports Gas Turbines primarily from: United States ($3.25B), Germany ($888M), France ($627M), Japan ($429M), and Singapore ($370M).
The fastest growing import markets in Gas Turbines for United Kingdom between 2019 and 2020 were United States ($2.38B), Hong Kong ($345M), and Malaysia ($67.8M).
October 2022
Overview In October 2022 United Kingdom's Gas Turbines exports accounted up to £2.08B and imports accounted up to £1.36B, resulting in a positive trade balance of £724M. Between October 2021 and October 2022 the exports of United Kingdom's Gas Turbines have increased by £279M (15.5%) from £1.8B to £2.08B, while imports increased by £337M (33%) from £1.02B to £1.36B.
Destinations In October 2022, Gas Turbines were exported mostly to Germany (£293M), United States (£232M), Singapore (£219M), Hong Kong (£180M), and France (£170M), and were imported mostly from United States (£359M), Germany (£91.5M), France (£82.8M), Saudi Arabia (£80.9M), and United Arab Emirates (£73.5M).
Growth In October 2022, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to South Korea (£28M or 158%), Luxembourg (£27.3M or 32.3k%), and Germany (£26.7M or 22.6%). In October 2022, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from South Korea (£25.2M or 339%), Portugal (£22.8M or 2.01k%), and Hong Kong (£19.6M or 53.7%).
EXPORT GROWTH (October 2021 - October 2022): £279M, (15.5%)
IMPORT GROWTH (October 2021 - October 2022): £337M, (33%)
MAIN EXPORTER (October 2022): London Heathrow Airport, £612M
MAIN DESTINATION (October 2022): Germany, £293M
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 (2020): $18.1B
IMPORTS (2020): $7.96B
NET TRADE (2020): $10.2B
In 2020, United Kingdom exported $18.1B in Gas Turbines. The main destinations of United Kingdom exports on Gas Turbines were United States ($2.98B), Singapore ($2.52B), Hong Kong ($2.48B), United Arab Emirates ($1.18B), and France ($1.13B).
In 2020, United Kingdom imported $7.96B in Gas Turbines, mainly from United States ($3.25B), Germany ($888M), France ($627M), Japan ($429M), and Singapore ($370M).
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Gas Turbines were:
In 2020, United Kingdom's main importing competitors in Gas Turbines were:
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