2023
Exports
$8.74BWorld Rnk 6 / 199
Flag Rnk 3 / 1181
2023
PRODUCT COMPLEXITY IN Gas Turbines
0.7Rnk 283 / 1025
2023
Imports
$16.5BWorld Rnk 2 / 210
Flag Rnk 6 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $8.74B in Gas Turbines, making it the 6th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 3rd most exported product in Hong Kong. The main destination of Gas Turbines exports from Hong Kong are: China ($4.96B), United Kingdom ($780M), Chinese Taipei ($610M), Japan ($491M), and Turkey ($305M).

The fastest growing export markets for Gas Turbines of Hong Kong between 2022 and 2023 were United Kingdom ($779M), China ($391M), and Japan ($116M).

Imports In 2023, Hong Kong imported $16.5B in Gas Turbines, becoming the 2nd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 6th most imported product in Hong Kong. Hong Kong imports Gas Turbines primarily from: China ($4.26B), United Kingdom ($4.07B), Singapore ($1.5B), United States ($1.26B), and Japan ($850M).

The fastest growing import markets in Gas Turbines for Hong Kong between 2022 and 2023 were United Kingdom ($1.4B), China ($609M), and Thailand ($429M).

Latest Trends

Dec 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 (2023)$8.74B
IMPORTS (2023)$16.5B
NET TRADE (2023)-$7.8B

In 2023, Hong Kong exported $8.74B in Gas Turbines. The main destinations of Hong Kong exports on Gas Turbines were China ($4.96B), United Kingdom ($780M), Chinese Taipei ($610M), Japan ($491M), and Turkey ($305M).

In 2023, Hong Kong imported $16.5B in Gas Turbines, mainly from China ($4.26B), United Kingdom ($4.07B), Singapore ($1.5B), United States ($1.26B), and Japan ($850M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
United Kingdom$779M (67.3k%)
China$391M (8.56%)
Japan$116M (30.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Hong Kong WERE (2022 - 2023):
Macau-$269M (-96.7%)
Thailand-$113M (-75.9%)
Qatar-$104M (-40.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Gas Turbines were:
In 2023, Hong Kong'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+ $226M
TOP IMPORT POTENTIALChina+ $175M

Gas Turbines’s highest export potential is United States. With an export gap of $226M.   Gas Turbines’s highest import potential is China with an import gap of $175M.

See methodology.

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