HS Icon Gas Turbines in  Flag United Kingdom

2019
Exports | Imports
: $25.6B | $7.22B, World Rnk 2 / 194
Flag Rnk 2 / 1214 | World Rnk 7 / 211
Flag Rnk 11 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $576M | $142M, Hong Kong |  Netherlands

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

2019
PRODUCT COMPLEXITY  IN Gas Turbines
: 0.43, Rnk 397 / 1029

Exports: In 2019, United Kingdom exported $25.6B in Gas Turbines, making it the 2nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 2nd most exported product in United Kingdom. The main destination of Gas Turbines exports from United Kingdom are: United States ($4.56B), Singapore ($2.99B), Hong Kong ($2.7B), United Arab Emirates ($2.26B), and France ($1.56B).

The fastest growing export markets for Gas Turbines of United Kingdom between 2018 and 2019 were Hong Kong ($576M), United States ($525M), and Singapore ($479M).

Imports: In 2019, United Kingdom imported $7.22B in Gas Turbines, becoming the 7th 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 ($1.25B), France ($781M), United States ($736M), Japan ($718M), and Netherlands ($585M).

The fastest growing import markets in Gas Turbines for United Kingdom between 2018 and 2019 were Netherlands ($142M), Italy ($113M), and India ($104M).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Gas Turbines exports accounted up to £1.18B and imports accounted up to £923M, resulting in a positive trade balance of £260M. Between April 2020 and April 2021 the exports of United Kingdom's   Gas Turbines have decreased by £-185M (-13.5%) from £1.37B to £1.18B, while imports increased by £193M (26.5%) from £730M to £923M.

Destinations: In April 2021, Gas Turbines were exported mostly to United States (£140M), Singapore (£135M), France (£120M), Germany (£103M), and United Arab Emirates (£93.7M), and were imported mostly from United States (£337M), Germany (£114M), Japan (£64.1M), Israel (£51.5M), and Singapore (£48.1M).

Growth: In April 2021, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (£-266M or -79.2%), United States (£-75.5M or -35.1%), and Japan (£-52.9M or -87.6%). In April 2021, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from Germany (£84.1M or 278%), United States (£44.7M or 15.3%), and Israel (£23.8M or 86.3%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £-185M, (-13.5%)

IMPORT GROWTH (April 2020 - April 2021): £193M, (26.5%)

MAIN EXPORTER (April 2021): London Heathrow Airport, £654M

MAIN DESTINATION (April 2021): United States, £140M

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

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Value

EXPORTS (2019): $25.6B

IMPORTS (2019): $7.22B

NET TRADE (2019): $18.4B

In 2019, United Kingdom exported $25.6B in Gas Turbines. The main destinations of United Kingdom exports on Gas Turbines were United States ($4.56B), Singapore ($2.99B), Hong Kong ($2.7B), United Arab Emirates ($2.26B), and France ($1.56B).

In 2019, United Kingdom imported $7.22B in Gas Turbines, mainly from Germany ($1.25B), France ($781M), United States ($736M), Japan ($718M), and Netherlands ($585M).

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IN 2019, United Kingdom HAD A POSITIVE NET TRADE IN Gas Turbines WITH:

IN 2019, United Kingdom HAD A NEGATIVE NET TRADE IN Gas Turbines WITH:

Flow

THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United Kingdom WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United Kingdom WERE (2018 - 2019):

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Market Concentration

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Flow
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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